Yuriy Shor is a case negotiator for foreclosed homes in Atlanta, Georgia. He outlines foreclosure statistics, like the following, for the prior year and looks ahead to 2013.
The states with the largest instance of foreclosure in 2012 were California, Florida, Illinois, Ohio, and Georgia.
1 in 728 homes filed for foreclosure in November of 2012.
Since 2007, the highest foreclosure rates have hit homeowners older than 75. In fact, from 2007 to 2011, the foreclosure rate for this demographic increased eightfold.
Looking ahead, bank regulators and 10 national mortgage companies, including Citibank, JP Morgan Chase, and Wells Fargo, recently reached an $8.5 billion settlement deal. Its terms state that the mortgage companies will pay $3.3 billion to homeowners whose foreclosures were not managed correctly. In addition, they will offer $5.2 billion in financial aid to homeowners who are struggling to meet their mortgages. This deal supersedes the Independent Foreclosure Review of 2011.
If you are planning to hone your accounting skills, it is recommended that you first enroll in a high-quality undergraduate program. The School of Accountancy at Georgia State University’s J. Mack Robinson School of Business is an excellent place to start.
Students in the School of Accountancy program at Georgia State University learn technical and accounting knowledge and skills. Some of these skills include corporate tax planning, financial reporting, and management advisory services.
If you are not yet decided whether you want to major in accounting, you might want to start with the school’s two introductory accounting courses, Principles of Accounting I and II. These courses use an integrated approach to solve various business issues.
A variety of exciting job opportunities are open to students with degrees in accounting. With your degree, you can be an assurance associate, bookkeeper/office manager, accounts receivable specialist, and auditor.
For more information about the program, please visit robinson.gsu.edu.
About Yuriy Shor: Mr. Shor is an alumnus of Georgia State University. He received his Bachelor of Arts in Accounting in 2012.