Foreclosure rates in Pittsburgh recorded a 162% increase year-over-year, placing the city among the highest in the nation. The surge in foreclosure threats has left hundreds of property owners across Allegheny County searching for financial relief.
Real estate professionals report fielding an increasing number of inquiries from homeowners seeking to sell quickly before facing property loss. Hardships stem from a variety of financial pressures.
Mark Schinzel, a real estate consultant and founder of the company We Buy Property, LLC, noted that changing economic conditions are driving the spike in inquiries…