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Hope Now Trying to Keep Up with Growing Foreclosures
2008-06-09 11:49:00
According to Hope Now, a foreclosure prevention coalition that includes lenders, investors, advocacy groups and mortgage servicers, they have already helped out around 1.6 distressed homeowners since the program started last July 2007.
More About: Foreclosures , Growing

Foreclosure Victims: It Could Get Worse
2008-06-06 12:25:00
Losing your home to foreclosure is perhaps one of the worst things that could happen to you and your family. Sadly, these unfortunate individuals are also becoming targets of scam artists who are preying on their vulnerability and desperation.
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Are Foreclosure Homes Worth Renovating?
2008-06-05 12:00:00
When the subprime mess exploded, there were many casualties including homeowners, brokers and mortgage lenders. But it can not be denied that for some people, this foreclosure crisis has turned out to be a wonderful investment opportunity.
More About: Foreclosure , Homes , Worth

April Sales: Still Not Looking Good for the Housing Market
2008-06-04 10:50:00
From a report released by the National Association of Realtors, it seems that home sales for the month of April slowed down. It is therefore not surprising that inventory of homes for sale soared by 10 percent and home prices dropped by 8 percent.
More About: Market , Sales , Housing , Good

Foreclosure Home Purchases Increasing in California
2008-05-30 13:28:00
It seems that after a prolonged slide where the housing market saw little demand, the amount of home sales in California are beginning to increase again thanks to the interest of foreclosure investors looking to buy foreclosed homes for discounted prices at auction.
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Home Prices at Lows and Encouraging Purchase in Some Areas Due to Foreclosu
2008-05-28 16:02:00
It's now no secret that rising levels of foreclosures have contributed to steadily falling home values across the nation. In many instances, this trend is viewed as alarming and destructive. Falling home values mean homeowners are not earning equity on their purchases, and as a result the foreclosure problem is actually worsened. Many buyers who bought homes during the housing boom are unable to escape foreclosure through refinancing or a sale because they can no longer get the same price on their home.
More About: Home , Purchase , Prices

White House Still Opposed to Bailout Plan
2008-05-26 16:01:00
Ever since the subprime mess started, the White House has been quite firm in its resolve to address the issue but not in the form of a bailout for mortgage lenders. President Bush believes that even though the economic situation is worsening, as a result of the housing and credit crisis, it is still not right to help these lenders and speculators who were responsible for the current problems in the first place.
More About: White House , Plan , Bailout

Foreclosure Buyer Tip: Check the Surrounding Yard
2008-05-22 15:18:00
Among distressed homes, buyers generally look out for pre-foreclosures because of its advantages over other foreclosure homes. For instance, sellers of these pre-foreclosures are more open to negotiation because of the time element. Also, the entire sales transaction is certainly faster.
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Iowa Experiencing Rising Defaults and Foreclosures
2008-05-21 17:41:00
In a reflection of the rising foreclosure rate in Iowa , the Consumer Credit Counseling Service of Northeastern Iowa is now saying that they have also received a heavy increase in the volume of calls they receive from homeowners in distress. Over the first quarter of 2008, calls to the CCSC have increased by over 20%, as foreclosures in Iow have risen slightly during the same time period.
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Growing Population and San Francisco CA Foreclosures
2008-05-20 15:06:00
It is delightful to know that despite the national housing crisis, there is still an increasing number of Americans who are choosing to move to San Francisco . According to last year?s statistics, the population of the city has reached 824,000, a new record level.
More About: Foreclosures , Growing

New Haven Announces Plan to Fight Foreclosures in the City
2008-05-16 16:19:00
A new foreclosure prevention group has been established in New Haven , CT to help homeowners learn about how to deal with default and ultimately avoid foreclosure and remain in their homes after the state became one of the more statistically foreclosure plagued states in the nation during the first quarter of 2008.
More About: Foreclosures , Fight , City , Plan

Rising Home Foreclosures in Vermont Sparking Concern Among Bankers, State O
2008-05-15 17:21:00
Home foreclosures in Vermont are currently up over 170% in April of 2008 than they were in April of 2007, and this is causing state officials to step up their efforts to warn homeowners and make them aware of the opportunities available to them for foreclosure assistance. State officials expect that rising food and fuel costs will contribute to the foreclosure problem, as more and more people find it difficult to keep up with their monthly mortgage payments.
More About: Foreclosures , Home

Lawmakers OKs Contentious Housing Plan
2008-05-14 15:32:00
When the House sat down to vote on the contentious housing loan package, which involved $300 billion in mortgage loans, the results was not at all surprising. In an effort to minimize the damage caused by the subprime meltdown, lawmakers approved a plan this Thursday that will somehow help manage the enduring housing crisis.
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Distressed home owners: Why Not Buy A Foreclosed Home Today!
2008-05-13 15:19:00
The subprime tsunami is far from over. And the nation is already grappling with a foreclosure crisis that is unrelenting in its severity for most lower and middle income homeowners. So, if you are one of the few lucky homebuyers, who have the money and the intention to invest in real estate market, try foreclosure homes for sale.
More About: Home , Today , Foreclosed , Owners

Moving to Indiana? Check Out Indianapolis IN Foreclosures!
2008-05-12 15:10:00
Relocating to a new state like Indiana is really challenging. But the most difficult challenge of all is looking for a home to buy. Whether you or your employer will subsidize the purchase, it is very important that you remain practical and smart.
More About: Foreclosures , Moving , Check , Indianapolis

Houston TX Foreclosures: Answer to Shrinking New Home Supply
2008-05-09 16:50:00
n a survey conducted by national consulting company Metrostudy, it seems like the supply of new homes in Houston is fast dwindling. The reason behind such activity is that new home sales seem to be outpacing new home construction.
More About: Foreclosures , Answer , Home

Homeowners hit by Hurricane Foreclosure!
2008-05-08 16:20:00
Homeowners across the country thought that maybe 2008 will bring them some relief and maybe the government will sit up, open their eyes and do something to restore normalcy but now it seems like foreclosure is an eventuality that can?t be avoided. By the end of the first quarter of 2008, 156,463 repo homes were created as homeowners were struggling to make their monthly mortgage payment. Foreclosure activity doesn?t show any signs of a slow down, which basically means that the bubble might burst any time and the situation, might go out of hand.
More About: Hurricane , Homeowners

New York City Sees Rise in Rate of Foreclosure
2008-05-07 17:03:00
While New York City hasn?t been hit as hard as other cities due to a booming economy, high demand for real estate and extensive population growth, new statistics show that the foreclosure crisis is indeed affecting real estate in the Big Apple.
More About: Foreclosure , New York City

The Foreclosure Flooding Continues
2008-05-06 16:23:00
This is the situation all across the US whether it is California, Florida, Texas, Indiana, North Carolina, Pennsylvania, New York, and Washington. All you will get to see around you is more and more foreclosure homes piling up. Government tax foreclosures have been on the rise since 2005 when more than a million homeowners bought homes to mark the onset of the real estate boom. All that remains now is the broken dreams of millions of people who wanted to build the perfect home for their family.
More About: Foreclosure , Flooding

Foreclosure Across the US At An All Time High
2008-05-05 16:30:00
Yes! The rate of bank foreclosures in the U.S is on the increase. The filings for tax lien foreclosures have jumped by 23% within the first quarter of 2008. The situation is such that in the very first quarter, the rate was one per 194 homes. Most of the homes were either sent notices of default (NOD) or were repossessed by the banks. In such a situation, it has become extremely difficult for homeowners to stop foreclosures or avoid it.
More About: Time , Foreclosure , High

Miami FL Foreclosures: To Buy or Not to Buy
2008-05-01 16:51:00
Buyers are often faced with the problem of whether or not it is the right time to buy a property. With the fears of recession looming overhead, it is not surprising that buyers are being way too careful when it comes to making the decision to buy. As a result, many housing markets including Miami , Denver, Baltimore, Chicago and San Diego are becoming sedentary.
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The Foreclosure Market needs help ? Can you provide assistance?
2008-04-30 16:47:00
The rising number of foreclosure homes is escalating. Homeowners are in trouble to the point where the United States House of Representatives is stepping in to help by providing 300 billion dollars in order for homeowners to refinance. However, is it enough?
More About: Market , Foreclosure

Retirement funds turn into Mortgage Payments
2008-04-29 16:17:00
According to retirement plan administrators nationwide, homeowners are cashing out their 401(k) accounts citing hardship as the reason for the withdrawals. The number one hardship being revealed by this group of individuals is to stop foreclosures. Traditionally, people could take loans from their 401(k). However, loans just won?t keep their homes from appearing on foreclosure listings. Foreclosure homes are devastating to the economy and to the public, as everyone suffers.
More About: Retirement , Mortgage , Funds , Turn

San Francisco CA Foreclosures Quadrupled!
2008-04-28 16:07:00
During the first quarter of this year, the number of San Francisco CA foreclosures soared by almost 400 percent compared to a year ago. According to the report published by DataQuick Information Systems, the Bay Area recorded 1,495 foreclosure filings in 2007 compared to 6,579 homes this year.
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As States Receive Foreclosure Prevention Funding, Need for Counselors Soars
2008-04-25 15:33:00
With the foreclosure rate extraordinarily high around the country, foreclosure counselors are in high demand all over to staff the many prevention centers and hotlines being established in many states. This growing demand for foreclosure counselors highlights the growing attitude that many homeowners in danger of foreclosure are taking, and that’s to deal with their situation. This could be a sign efforts to raise awareness about options in the face of foreclosure are working. States like Minnesota, which just received a $4 million federal grant to aid its problem with foreclosures, can’t get counselors fast enough. More are being hired, and more are being sought about by those in local communities. This also points to the fact that pre foreclosures could start becoming the premier way for investors to buy foreclosure homes. As more and more homeowners become aware that they can sell to avoid a foreclosure, more and more are choosing to do so. For buyers, buying direct ...
More About: Foreclosure , Funding , Prevention

Foreclosures in Phoenix Reaching New Heights
2008-04-24 17:15:00
New statistics show that foreclosures in Phoenix rose more than 35% from February to March of 2008, adding to the already plentiful inventory of foreclosure properties in and around the Phoenix area. The current level of foreclosures in Phoenix is more than 200% higher than what it was a year ago, and 2008 is predicted to see this number rise to even higher levels.
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Increasing North Carolina Foreclosure activity
2008-04-23 16:11:00
There has been an unprecedented increase in North Carolina foreclosures through the last year and experts believe that the trend might continue through in this year, 2008. In fact according to reports and data analysis, it has been noticed that foreclosure activities in North Carolina has been growing at a faster rate as compared to the national average. The fact is that today there are more foreclosure homes in North Carolina than ever before.
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Mayor?s Call for action to New Jersey Foreclosures
2008-04-22 16:14:00
When half of the world is still getting to grips with the New Year, New Jersey is getting ready for a fresh wave of New Jersey foreclosures. The mayor of New Jersey, Douglas Palmer had a meeting early in the New Year to find a solution to the overwhelming situation of New Jersey foreclosure homes.
More About: Action , Foreclosures , Call , Mayor

Texas Foreclosure Rate Shows Signs of Slowing Down
2008-04-18 15:40:00
Things may be finally starting to cool off on the Texas foreclosure market, as new statistics released show that the total foreclosure inventory for the state is down nearly16% from where it was one year ago in March of 2007. The state currently has roughly 10,700 properties in some stage of foreclosure, and while this is quite high compared to other states nationally, it represents a fairly significant drop in the market, which was one of the hottest around for several years.
More About: Foreclosure , Signs , Rate

Best Cities to Consider When Buying a Home
2008-04-17 17:36:00
According to Trulia.com, buyers and investors should consider looking at homes for sale in these cities in order to enjoy the greatest return potential and savings.
More About: Buying , Home , Cities