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Foreclosure Tours Popping Up All Over the Nation
2008-05-20 19:11:00
Foreclosure tours are the newest trend in the marketing of the huge inventory of foreclosure homes up for sale nationwide, and while the tours were previously mainly seen in foreclosure ravaged areas like Florida, California and Nevada, their popularity is now spreading to other areas of the country as well. This trend shows just how far reaching the foreclosure problem is.
More About: Tours , Foreclosure , Nation , The Nation

Miami Foreclosures Still Booming
2008-05-20 15:25:00
The Miami foreclosures market continues to boom well into 2008, as the most recent statistics show that the Miami area has the 14th highest rate of foreclosure out of all metropolitan areas nationwide. The current rate in the city tops out at roughly 1 in every 90 homes currently undergoing some stage of the foreclosure process, leading to a huge surplus of Miami cheap homes available through foreclosure auction.
More About: Foreclosures , Florida

Hawaii Foreclosures Rising, Officials Searching for Solutions
2008-05-16 15:18:00
While Hawaii foreclosures haven't been among the worst in the country, April of 2008 showed a 218% increase over the totals of foreclosure in April of 2007, and officials are expecting the foreclosure inventory in the state to get worse as the year goes on.
More About: Foreclosures , Searching , Solutions

Iowa Sees Steady Climb in Foreclosures, Concentrated in Rural Areas
2008-05-15 15:45:00
The Iowa foreclosure rate is now up over 120% from where it was during the first quarter of 2007, sparking increasing concern among cash-strapped citizens that 2008 will only make it harder for Iowa residents to keep up with mortgage payments and avoid foreclosure. Foreclosures in Iowa have experienced a steady climb over the past year, and the first quarter statistics were up 25% from the final quarter of last year.
More About: Climb , Rural , Sees

Rhode Island Sees Foreclosure Rate Triple Within Year
2008-05-14 17:06:00
With just over 1,050 homes in some stage of the foreclosure process during the first three months of the year, Rhode Island ?s relatively small market is flooded with foreclosure properties. Many blame the fact that homeowners who get into trouble with defaults now cannot sell or refinance their homes for anything close to what they originally paid for it due to sinking property values. Home values have been falling steadily each month for over a year now, and are expected to continue to do so well into 2008, which will only make it harder for homeowners and contribute to rising foreclosures.
More About: Foreclosure , Year , Rate

Chicago?s Rate of Delinquent Mortgages Growing
2008-05-13 17:42:00
If you need proof that foreclosure homes are going to keep increasing in Chicago , just look at the numbers for 60-day mortgage delinquencies. Six major counties that make up the Chicago metropolitan area are experiencing not only rising foreclosure rates, but also rising rates in late mortgage payments that have gone unpaid for more than ...
More About: Illinois , Mortgages , Growing , Rate

Georgia Holds Second Highest Bankruptcy Rate
2008-05-12 15:34:00
Georgia continues to be one of the top states for personal bankruptcy, as new reports indicate that the state ranked 2nd in the nation with just shy of 13,000 bankruptcies registered during the first quarter. The only state with more bankruptcies was Tennessee.
More About: Bankruptcy , Georgia , Rate , Holds

Buyers Finding More Los Angeles Cheap Homes due to Foreclosure
2008-05-09 22:55:00
Buyers are finding more opportunities for Los Angeles cheap homes purchase, as new statistics show that the sprawling city’s current foreclosure rate is more than 13 times that of New York City. Brand new statistics for April showed that Los Angeles foreclosure homes numbered just over 4,500 filing for the month, a figure that ...
More About: California , Foreclosure , Homes , Cheap

City Officials Getting Serious about Lowering Charlotte Foreclosed Homes
2008-05-09 16:20:00
City leaders are getting serious about reducing the number of Charlotte Foreclosed Homes currently on the market that are driving down property values and leading to more defaults across the city. A group of city officials toured some of the hardest hit areas on Tuesday and pledged to start doing more to help citizens in danger of default.
More About: California , City

San Antonio Foreclosed Homes not Plentiful, But Prime for Investing
2008-05-08 15:11:00
San Antonio has held on well during the foreclosure crisis that has swept the United States, and even though 2008 has seen an uptick in its foreclosure market, San Antonio Foreclosed Homes could be one of the best investments you could make in foreclosures these days.
More About: Investing , Texas , San Antonio

Moratorium on Philadelphia Foreclosed Homes Won?t Be Extended
2008-05-07 15:55:00
Although the Philadelphia City Council passed a measure at the end of March instituting a moratorium on Philadelphia Foreclosed Homes proceedings for the month of April, the city will not heed the call of citizens to extend the moratorium into the month of May.
More About: Pennsylvania , Extended

San Francisco Foreclosed Homes Soaring in First Quarter
2008-05-06 15:13:00
San Francisco Foreclosed Homes soared during the first three months of the year, as foreclosures in the Bay Area rose over 300% higher than they were not one year ago. And to make matters worse for homeowners in the area, experts are expecting this number to climb as the year proceeds.
More About: California , San Francisco , Soaring

Indianapolis Foreclosed Homes Could Offer Best Investment Potential of Any
2008-05-05 16:54:00
Indianapolis Foreclosed Homes have long been one of the most plentiful metropolitan foreclosed homes for sale in the country, and that trend does not seem to be showing any signs of slowing down soon. Currently, Indianapolis Foreclosed Homes account for roughly 1 in every 50 homes in the area, ranking the city among the top ten metropolitan areas with the highest rates of foreclosure.
More About: Indiana , Investment , Indianapolis

San Diego Home Sales Decline, Interest in San Diego Foreclosed Homes Rises
2008-05-01 17:36:00
As the market for San Diego Foreclosed Home s continues to provide good value for investors, it seems the amount of San Diego foreclosure listings on the market could increase due to declining home values across the board in 2008. From March of 2007 to March of 2008, the median home value in San Diego county fell by over $95,000, making it harder for homeowners to get back what they paid for their homes when they try to sell them.
More About: Foreclosures , Sales , Homes

Dallas Foreclosed Homes Up 40% from 2007
2008-04-30 18:05:00
The Dallas Foreclosed Homes scene continues to offer great deals for investors, as new statistics show that the current foreclosure rate in the city is up over 40% from May of 2007. With more than 4,400 homes currently scheduled for auction during the first week of the month, the market is absolutely flooded with new Dallas foreclosure listings, as many experts predicted it would be at the beginning of the year.

Houston Foreclosed Homes Inventory Low, But Expected to Increase in 2008
2008-04-29 17:21:00
The market for Houston Foreclosed Homes appears to not be rising as rapidly as the rest of the country, but it is still a market worth watching and investing in.
More About: Inventory , Texas

Gulf Coast Citizens Becoming Victims Once Again
2008-04-28 17:00:00
As the foreclosure epidemic sweeps through the gulf regions of states like Alabama, Mississippi and Louisiana, victims of Hurricane Katrina are losing their homes once again, but not to any force of nature. More and more homes are going to auction along the Gulf Coast , and as foreclosures increase, families who have just gotten their lives back together are once again going to have to start over. But fortunately, many investors have been able to assist homeowners in this region by buying their properties from them before they are foreclosed, allowing them to avoid a credit ruining foreclosure and pay off their debt, while the investor gets a great deal.
More About: Victims

Los Angeles Foreclosed Homes Rising Steadily in 2008
2008-04-25 15:06:00
The Los Angeles foreclosed homes market continues to grow in 2008 , as new statistics are indicating that first quarter foreclosures were up 130% over the first quarter of 2007.
More About: California , Homes , Foreclosed

Miami Foreclosed Homes Drop Slightly in March
2008-04-24 17:45:00
While filings of default notices for Miami foreclosed homes were down for the month of March , they are still very high year over year, as the city boast one of the highest rates of foreclosure in the country.
More About: Homes , Foreclosed , Drop

Foreclosure Have Devastating Effect on Home Prices
2008-04-24 16:30:00
New reports are being issued showing that home prices across the nation are continuing to fall drastically as a result of the rising trend in foreclosure. The national median price of a single family home fell by nearly 9% from February of 2007 to February of 2008, with some of the areas with the lowest median home values also laying claim to some of the highest rates of foreclosure.
More About: Foreclosures , Home , Foreclosure , Effect , Prices

Foreclosures Used to Carry Big Tax Burden, But Not Anymore
2008-04-23 16:18:00
In the past, undergoing a foreclosure not only ruined your credit and lost you your home, it also left you with a huge tax burden at the end of the year. Even though you retained nothing from the amount garnered by your property's sale, the IRS used to count the sale as income, and expect it to become part of your taxable income.
More About: Foreclosures , Carry

Foreclosure Rise Drastically During 1st Quarter
2008-04-22 15:31:00
Now that the first quarter of 2008 is officially over, experts have begun to analyze foreclosure data to determine some of the trends in the first part of the year. The first reports are indicating that in several major metropolitan areas, foreclosures have risen drastically.
More About: Foreclosures , Foreclosure , Rise , Quarter

Bankruptcies Soaring as a Result of Housing Market Crash
2008-04-17 17:18:00
The month of March saw a huge increase in bankruptcies and bankruptcy filings nationwide, sparking further concern that the economy is in a recession brought on largely by the slump in the housing market.
More About: Market , Housing , Bankruptcy , Crash , Soaring

Massachusetts Foreclosure Inventory Approaching Record Levels
2008-04-16 18:02:00
As Massachusetts ' foreclosure rate continues to rise, more and more communities outside of major metropolitan areas are starting to see the soaring levels of foreclosure that bigger cities have been experiencing around the country for years.
More About: Inventory , Foreclosure , Record

Mortgages Companies Sign Pact to Fight Foreclosure with State of Ohio
2008-04-15 15:36:00
Nine major mortgage loan providers in Ohio signed a pact with state authorities that is being hailed by many as a bold new step towards keeping homeowners out of foreclosure that has not been seen anywhere else in the nation. The nine companies, which cover about 55% of the mortgages currently in effect in Ohio, have agreed to pursue several paths of action designed to slow the foreclosure rate by helping homeowners in default pay off their debts and avoid foreclosure.
More About: Companies , Fight , Foreclosure , State

Minnesota Receives $4.3 Million Grant to Fight Foreclosure
2008-04-11 14:30:00
As Minnesota is currently experiencing a record number of homeowners in default facing foreclosure and foreclosure properties currently on the market, the state is making solid moves to come to the aid of indebted borrowers. The state will use a $4.3 million grant to help an estimated 7,000 borrowers avoid a foreclosure in 2008.
More About: Fight , Foreclosure , Million , Grant

Philadelphia Citizens Protest Bush?s Foreclosure Alliance
2008-04-08 16:35:00
The citizens of Philadelphia banded together on Tuesday to protest the work of the Bush administration's newly established "Hope Now Alliance", a partnership between prmonent mortgage lenders, bankers and the U.S. treasury department aimed at easing the rate of foreclosure.
More About: Foreclosures , Foreclosure , Protest

Ohio Announces Free Legal Aid to Homeowners Facing Foreclosure
2008-04-04 16:13:00
In an effort to step up existing programs aimed at curbing the trend in foreclosures throughout the state, Ohio state officials announced on Wednesday plans to provide owners of distressed properties with free legal aid.
More About: Free , Legal , Foreclosure , Homeowners

Want to Profit from Real Estate? Buy Foreclosures!
2008-04-01 15:09:00
Since buying real estate has always been considered a lucrative investment, it is not surprising that many investors are interested in it. If you have been in the real estate business for some time now and have yet to earn considerable profit, maybe it is about time for you to consider investing foreclosure homes.
More About: Estate , Real Estate , Foreclosures , Real Estate Foreclosures , Profit

More Homeowners Giving Up, When they Have Options to Avoid Foreclosures
2008-03-26 15:48:00
For homeowners trying to avoid foreclosures, the period of default can be an especially trying time. Many homeowners who go into default have already been worried about making rising mortgage payments for some time, and once you can no longer make payments, it can be extremely frustrating, and hard to try to find solutions to help you avoid foreclosures.
More About: Foreclosures , Options , Giving , Avoid , Homeowners