Foreclosure-Support

RSS Feed Homepage

Articles: 1, 2, 3, 4

Mortgage Rates for 30- and 15-Year Rise
2008-04-16 17:12:00
The mortgage industry received yet another bad news when rates for the 15- and 30-year mortgages rose to 5.42% and 5.88% respectively, for the week ending last April 3. Considering the problems in the housing market, the increase in the mortgage rates is a severe blow especially for buyers who are already having a hard time getting approved for financing.
More About: Mortgage , Rise , Rates , Year

Foreclosure Bill Passed by US Senate
2008-04-15 14:26:00
Finally, a new foreclosure bill has been passed by the Senate as part of the solution to the enduring crisis in the housing, credit and subprime mortgage industry. In an 84-12 vote, the new measure included tax breaks to be enjoyed by home builders, $7,000 tax credit for buyers of foreclosed homes and also a total of $4 billion in community grants for the purchase and repair of abandoned properties.
More About: Foreclosure , Bill

Illinois Foreclosures on the rise
2008-04-08 17:26:00
Illinois foreclosures have certainly ripped apart the real estate and housing market in 2007. There has been a increase in the number of Illinois foreclosure homes since 2006 and it is expected to remain the same in 2008. Most of these foreclosed homes are being auctioned by the banks or lenders to investors. Although this may look like a good investment option but the fact the matter is that there are more homes put up on the foreclosure lists as against the number of buyers available.
More About: Foreclosures , Illinois , Rise

West Palm Beach to Open Foreclosure Assistance Center
2008-04-04 17:08:00
In an effort to curb one of the highest metropolitan foreclosure rates in the country, the city of West Palm Beach , FL announced on Tuesday that they will be opening a new Foreclosure Assistance Center to help homeowners deal with foreclosure by refinancing mortgages, providing credit assistance and even handing over checks of up to $10,000 to help them catch up on their loan payments.
More About: Open

Massachusetts Foreclosures reached a high in 07
2008-04-01 14:58:00
There were thousands of Massachusetts foreclosure homes that were up for grabs in 2007. The number was overwhelming at 7,563 homes, which was almost three times the foreclosure rate in 2006. Massachusetts faced a severe crisis and this is a new record of sorts because so many real estate foreclosures had not been seen since the early 1990?s.
More About: Foreclosures , High

Pennsylvania Foreclosures: Something to talk about
2008-03-31 17:39:00
In a recent event, U.S. Senator Bob Casey visited Pittsburgh, PA to discuss about the alarming increase in Pennsylvania foreclosures and how they could put a stop to it. He delivered a statement that referred to the overall mortgage crisis in the country and how it has affected home sales and increased real estate foreclosures.
More About: Foreclosures , Talk

Fed Indicts Mortgage Fraud Perpetrators
2008-03-28 14:27:00
In Sacramento, Federal prosecutors have discovered mortgage fraud activities that have resulted to 100 homeowners losing almost $13M in equity. The said scheme is being conducted by a group of locals led by Charles Head.
More About: Fraud , Mortgage Fraud , Mortgage

Short Sale Seems Is The Only Answer to Arizona Foreclosures
2008-03-26 15:30:00
The recent spate of Arizona foreclosures have brought life to a standstill for homeowners spread across the state. To ease the situation, a new rule has been passed by the federal legislation, which states that homeowners over-burdened by mortgage payments can get some relief by making a short sale. So far, this was not a law and hence, homeowners across Arizona and in various cities like Tucson, Phoenix, Mesa, Scottsdale, Colorado City, lake Havasu, and Prescott have been subjected to delinquency.
More About: Foreclosures , Answer , Sale , Short

Market News, Not Always Accurate
2008-03-24 16:58:00
An article published in the local newspaper of Elizabethtown, Kentucky brought about cries of outrage. The said article suggested that with the not-so-good housing condition, buying a home is not recommended
More About: News , Market

White House: Helping Buyers by Simplifying Loan Process
2008-03-17 14:26:00
The White House is set to unveil a new proposal that will provide potential home buyers with basic mortgage terms information and savings in closing costs that amounts to $700.
More About: White House , Loan , Mortgage

MFA Mortgage Hopes to Sell Assets to Improve Leverage
2008-03-13 17:09:00
In order to reduce their debt-to-equity leverage, MFA Mortgage Investments Inc is planning to sell assets. The decision comes in the wake of the current financial crisis in the credit industry.
More About: Hopes , Sell , Improve , Leverage

Tennessee Foreclosure Properties Jump Again In January
2008-03-12 20:04:00
January was another strong month for foreclosure properties in Tennessee , as the state climbed the rankings to hold the 16th spot among states with the highest rate of foreclosures.
More About: Foreclosure , January , Jump , Properties

Investors Pull Back as Foreclosures Soar
2008-03-11 15:20:00
As the tide of foreclosures continues to cause havoc in the national housing market, investors such as Citigroup is looking to cut back their mortgage holdings by as much as 20 percent. This means that less money will be available for lending and buying mortgage securities, further fueling the current mortgage crisis. The high foreclosures rate is also not helping the situation.
More About: Foreclosures , Back , Investors , Soar , Pull

2007 has been a high for Colorado Foreclosures
2008-03-06 15:37:00
Colorado foreclosures have shown an upward progression all through 2007 and the trend is expected to continue into 2008. This news comes in the light of fact that the entire nation is plagued with high rate of foreclosures and people are working with lenders and the government to find effective solutions to fight foreclosures.
More About: Colorado , Foreclosures , High

New York Foreclosures have seen better days
2008-03-03 19:38:00
New York ers were hit by news in the last quarter of 2007 that said that one of the primary reasons behind a high number of New York foreclosures is dubious fees. As if the high interest rates of mortgage loans were not enough. According to a study conducted by Katherine Porter from the University of Iowa, it was found that most of the mortgages carrier a questionable fee, which can make loan servicing lucrative but foreclosures inevitable.
More About: New York , Foreclosures , Days , New-York

Declining Home Prices and the Right Time to Buy
2008-03-02 20:43:00
According to a survey conducted by S&P Case/Shiller, the housing market posted a 9.1 percent decline in price index. This is perhaps the largest drop in over 20 years. Among the hardest hit are the metro areas of Miami, Phoenix and Las Vegas. In addition, the Los Angeles housing market performed the poorest when it posted a very sharp 3.6 percent drop in December compared to the previous month.
More About: Time , Home , Prices

Georgia Foreclosures rate among the highest
2008-02-28 21:00:00
2007 has seen a rise in the rate of Georgia foreclosures and this is definitely not the kind of news that Georgia homeowners would like to hear. Having been through a spate of foreclosures in 2006, which increased the number of Georgia foreclosure homes for auction, 2007 was no better. Now there are more bank foreclosures and repo homes for investors than ever before.
More About: Foreclosures , Rate

Washington Foreclosures Needs a Solution
2008-02-27 19:59:00
Washington being the seat of American Parliament seems to be in tatters where foreclosure activities are concerned. Off late there has been an eye raising number of Washington foreclosures, which was high enough to send the Bush administration panicking. Some of the worst affected cities include Newport, Spokane, Seattle, Vancouver, Bellevue and Everett.
More About: Washington , Foreclosures , Solution

An Effective Policy To Fight Maryland Foreclosures
2008-02-26 20:22:00
There is good news for Maryland ers this year as homeowners might get to see a drop in Maryland foreclosures. So far there have been a high number of Maryland foreclosure homes in different counties like Baltimore, Oakland, Cambridge, Annapolis, Salisbury, Columbia, Bethesda and Silver Spring. The high rate of foreclosures has resulted due to the fact that homeowners have been unable to pay off the mortgage payments on time.
More About: Foreclosures , Fight , Policy , Effective

California Foreclosures Have Shot Through The Ceiling
2008-02-25 19:52:00
California foreclosures continue their rising spell through 2007 and into 2008. Apart from homeowners, the other people hit are homebuilders. The largest inland homebuilder in California, KB Home, suffered a major setback on Tuesday with its loss spiraling to almost $773 million. This clearly reflects the downsizing that is taking place in the home building industry and can be attributed to the large number of California foreclosure homes.
More About: California , Foreclosures , Shot

Steady Rise in Colorado Foreclosure Properties Foreshadows 2008 as Another
2008-02-21 21:30:00
Colorado foreclosure homes have long been some of the most plentiful in the nation. Over the past few years, the widespread presence of expensive adjustable rate mortgages combined with foreclosure laws on the books that make it very easy for lenders to pursue foreclosures have combined to make Colorado's foreclosure rate one of the worst in the nation.
More About: Colorado , Foreclosure , Rise , Properties , 2008

A Spike in Michigan Foreclosures
2008-02-19 18:53:00
There has been a major spike in Michigan foreclosures in 2007 with the county foreclosures hitting 1,029. Some of the major counties that contributed to the high number of Michigan foreclosure homes in 2007 include Livingston, Grand Rapids, Detroit, Lansing, Flint, Pontiac and Clinton among others. The county that has been the worst hit is Livingston County and it seems like there will be many more foreclosed homes in 2008.
More About: Foreclosures , Spike

Rate of South Caroline Foreclosures Has Decreased
2008-02-18 18:57:00
Here is some relieving news for South Carolina homeowners: the rate of South Carolina foreclosures has actually decreased. Although it is not something that you can have a party for but the truth is that rise in the rate of real estate foreclosures across the nation has shaken the economy.
More About: Foreclosures , Rate , Caroline

A Huge Jump in Texas Foreclosures
2008-02-17 19:20:00
Bad news for all homeowners ? there is a huge jump in the foreclosure rate in Texas . Most of the foreclosure filings have been reported from the Dallas-Fort Worth area where the home foreclosure filings jumped by almost 31%. This has affected Texas foreclosures as it showed the rate being twice the national average. A high number of real estate foreclosures were recorded from the Denton, Dallas and Collin counties.
More About: Foreclosures , Huge , Jump

Virginia Foreclosures Has Damaging Consequences
2008-02-15 00:02:00
The good news is that investors can find some of the best deals in the form of Virginia foreclosures and the number of Virginia foreclosure homes in on the rise. Most of the housing advocates across Virginia are bracing themselves for the new wave of real estate foreclosures that might start showing its ugly face in 2008.
More About: Foreclosures , Consequences

Rise in the number of Florida Foreclosure Homes looks inevitable
2008-02-13 18:48:00
The year 2007 marked a new chapter in Florida Foreclosure s as it went on to record the highest rate of foreclosure with one foreclosure per 719 households. This is bad news because the foreclosure rates were evidently around 2.5 times more than the national average.
More About: Homes , Rise , Number

Avoiding a Foreclosure
2008-02-06 18:30:00
With the foreclosure crisis reaching epic proportions across the country, many homeowners and real estate investors are becoming increasingly worried. Hundreds of thousands of people have already lost their homes to foreclosure, and with 2008 primed to be another big year for defaults and foreclosure filings, it seems as though the worst is yet to come.
More About: Foreclosure

Hawaii Foreclosure Properties: A Good Chance to Invest in a Market with Sta
2008-01-29 17:43:00
Hawaii is often overlooked when it comes to foreclosure properties. For starters, a lot of real estate and foreclosure properties news in Hawaii escapes the attention of major media here in the continental United States. Its isolated location and insular market often result in market trends and climates that don?t reflect national trends, and it can sometimes escape the influence of what's happening in other states.
More About: Market , Hawaii , Chance , Foreclosure , Good

Bay Area Sees Drastic Increase in Foreclosure Homes, Experts Prepare for th
2008-01-23 19:19:00
Following the national trend in the rising rate of foreclosure homes, the East Bay region of the San Francisco bay area in California saw a 120% climb in the amount of foreclosure homes on the market in the fourth quarter of 2007. Numbers of foreclosure homes on the market are now at record highs in many parts of the Bay Area , and with more foreclosure activity expected in 2008, many are worried.
More About: Foreclosure , Experts , Homes

Growing Inventory of Connecticut Foreclosure Homes: More Choices for Buyers
2008-01-22 01:31:00
The law of supply and demand clearly shows an indirect relationship between the two. Applying the principle to real estate, it is understandable that the availability of thousands of Connecticut foreclosure homes will attract buyers. But because the supply of these foreclosures exceeds the demand for them, sellers will have no choice but to offer buyers with more incentives as well as a significant reduction in their listing prices.
More About: Inventory , Foreclosure , Homes , Growing