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Foreclosure Down in Kentucky
2008-11-20 14:45:00 The rate of foreclosure filings in Kentucky has declined by one-third in the month of October as compared to the figure in September. There has been a decline of about 33.5 percent in this state. This has led to an improvement in its rank which now stands at 43rd. It was the 38th rank holder ...
North Port: No Exception to Foreclosure
2008-11-19 14:15:00 North Port is no exception to the problem of foreclosure. As like others parts of US, this region also has been facing the real estate crisis. The homeowners are in serious problems. A large number of people relocated to this place once when there was a heavy boom in the housing market. They are now ...
Foreclosure Rate Down In Wyoming
2008-11-19 13:55:00 It has been found that Wyoming, a state in western United States, had one of the lowest rates of home foreclosure during the third quarter of 2008 in its real estate area. However, it has increased from what it was a year back during the same period. It owns the credit of having the 44th ...
Merced County Needs Fund to Fight Foreclosure
2008-11-17 16:08:00 Merced County is one of the hardest hit counties of California. Nearly 25 percent of homes in California are facing a notice of foreclosure on them. The real estate of this county is suffering heavily. It has been put forward by the leaders of the Merced County that the state needs to give a foreclosure ...
Half of the Pinal County Homes Sold: Reason is Foreclosure
2008-11-14 15:34:00 Pinal County along with others is also facing the problem of foreclosures. The real estate there is undergoing a big crisis. Out of the total number of homes that were resold in this county during the third quarter, about half were due to the problem of foreclosure. The number of resale in the Pinal County ...
Oakland Seeks Monetary Help to Fight Foreclosures
2008-11-13 14:33:00 Oakland, having the 10th highest rate of foreclosure in the country, has showed that it is in a bad condition. Oakland is competing with various other cities with high foreclosure rankings such as Sacramento, Fresno, Stockton, and Bakersfield. The Federal Housing and Economic Recovery Act offered almost $4 billion to both local and state governments ...
Sacramento Continues with Its Foreclosure Filing Even after Obama?s Rise
2008-11-12 15:14:00 A total of 33 bankruptcies have been reported to have been filed in the area of Sacramento, a day after Barack Obama became the president of US. Apart from that, the unemployment rate in California is over 7 percent. The problem of home foreclosure is continuing with its assault in the real estate market of ...
Collier and Lee: High on Foreclosures
2008-11-11 13:58:00 Collier and Lee counties have been reported to have made a record in its number of foreclosure filings. It has risen to 2,603 in the month of October in the Lee County. In Collier County, this number stands above 800, which has happened there for the first time. It was 751 in the month of ...
Barack Obama Fights for Foreclosure
2008-11-10 14:00:00 One of the biggest priorities to President Barack Obama is the resolution of foreclosure problem. He has proposed for a 90 day moratorium on the problem of home foreclosure giving the judges of the Bankruptcy Court the authority to bring modification in the mortgages on the primary residences. Apart from that he has also proposed ...
Foreclosure Troubling North Jersey Counties
2008-11-07 14:40:00 A large number of homeowners in the counties of Passaic and Bergen are facing the problem of foreclosures as the number increases throughout North Jersey. It has been reported that nearly 3,883 households in Passaic County and 2,422 households in Bergen County have faced a foreclosure filing from January to August, 2008. A year back, ...
Continuing Foreclosure Crisis Takes Homelessness To A New Level
2008-11-07 03:33:00 The foreclosure crisis continues to strike at American homeowners, something that has produced a new to this generation trend ? middleclass homelessness. Add that to the number of lower income people making the shift to from homeowner to homelessness, renters that face eviction due to landlord?s foreclosures, and the number of people who were already ...
Hunterdon Is Not Behind In Foreclosure
2008-11-06 13:49:00 Hunterdon area of New Jersey has been found to be suffering from the problem of home foreclosures. New Jersey is the eighth rank holder nationwide in its number of foreclosure filings. It is not that only the areas with poor income are facing foreclosure. Hunterdon is a wealthy area and is suffering from the same ...
Bakersfield: The Fourth Rank Holder Nationally
2008-11-05 14:18:00 Bakersfield, including the whole of Kern County, ranks fourth nationally for its number of foreclosure filings during the third quarter. According to a data, the foreclosure activity across the state in the third quarter would have been as same as that of the second quarter, if the change in law had not taken place in ...
Philadelphia Foreclosure Has Not Crossed National Average
2008-11-04 13:18:00 It is indeed good news that the foreclosure filings in the city of Philadelphia that increased in the third quarter is still lying below the national average. On the other hand the number of foreclosure filing in Camden, New Jersey real estate has maneuvered that number. There has been a 48 percent increase in foreclosure ...
King County Foreclosure Decrease Still Not a Relief
2008-11-03 14:16:00 King County has been found with a total foreclosure filing of 493 in the month of September. It is a 42 percent decrease from the figure of August. Apart from that, it also indicates a decrease of nearly 13 percent from the month of September, 2007. The homeowners are at loss as they are finding ...
Foreclosures Kept Rising in Florida
2008-10-31 15:17:00 The number of foreclosures in Florida kept on rising in the month of September. There were massive loss of employment and decrease in the value of real estate property. The adjustable mortgage payments made nearly 50,000 new homeowners defaulters. After Nevada, Florida ranked second in its number of foreclosure filings. One out of every 178 ...
A Resurge in Cape Foreclosures
2008-10-29 14:05:00 The number of foreclosures in Cape has again surpassed nearly every other places of the state. The reason behind this, as real estate experts have put it is that, this region has got a good number of second homes and also it depends greatly on the seasonal tourist industry. Economist Paul Willen has said that ...
71 Percent Hike in Third Quarter in US
2008-10-28 12:52:00 The number of foreclosure in US has gone up by 70 percent in the third quarter of 2008 as compared to the figure last year during the same period. It has been found that about 766,000 households throughout US have got one foreclosure notice between the months of July and September. It is envisioned by ...
Capital Region?s 138 Percent Rise is Still the Lowest
2008-10-27 13:58:00 The Capital Region has been reported with a rise in foreclosure by 138 percent. However, this is still one of the lowest figures as compared to the rate of foreclosure nationwide. According to a data, the metropolitan area of Albany-Schenectady-Troy had about 553 properties in foreclosure during the third quarter. It was 232 an year ...
CEOs of Freddie Mac and Fannie Mae Meets to Discuss on Foreclosure
2008-10-24 15:43:00 Newly elected chief executive David Moffett of Freddie Mac and Herbert Allison of Fannie Mae are trying to find out ways of preventing the problem of home foreclosures. However, they say that this real estate crisis will take a few more years to get over. In an annual convention held on October 20, Moffett said, ...
Monmouth County Foreclosure Doubled
2008-10-23 14:50:00 Monmouth County rate of foreclosure has nearly doubled from the figure a year back. It has been found that the number of foreclosures in the real estate of Monmouth County have come to 114 that stood at 57 in the month of January in 2007. The number of foreclosures that stood at 47 in August ...
Foreclosures on Rise at Charlotte-Gastonia-Concord
2008-10-22 15:17:00 Charlotte-Gastonia-Concord area foreclosure has been found to increase in the month of August as compared to the figure last year during the same period. The foreclosure rate in the month of August among the mortgage loans stood at 0.80 percent. This shows an increase of nearly 0.10 percent from August, 2007. Previous year, it was ...
Austin Foreclosure Gone Up
2008-10-21 14:29:00 The foreclosure posting in November in the area of Austin has increased by 31 percent as compared to the figure last year. Apart from that, it has increased year-to-date by 26 percent. It is envisioned by the real estate experts that the number of posting is further going to go up. However, it has also ...
New Jersey Foreclosure on Rise
2008-10-20 16:00:00 A very recent data has released the foreclosure rate in New Jersey for the third quarter of this year. It has reached a one year-high in 2008 third quarter. The current rate of foreclosure in the place has gone up by 9 percent. It was 2,798 in 2007, which stands at 3,052 this quarter. When ...
Richmond and Northern Virginia Gets Foreclosure Assistance
2008-10-17 16:48:00 The real estate experts of Richmond and Northern Virginia are going to meet soon to discuss about how to spend the $46 million to fight away foreclosure crisis. This amount is likely to be handed over to the local governments for rehabilitating the vacant properties, buying homes, assisting the first time home buyers to make ...
Obama Asks For Ninety Day Moratorium on Foreclosures
2008-10-16 16:38:00 Asking for quicker steps to be taken to solve the country?s massive economic crisis, democrat presidential candidate Barack Obama has asked for a 90 day freeze on foreclosures for homes, as well as a 2 year tax break for companies that help create new jobs. While the current economic crisis weighs down heavily on his ...
Portland Metro Area Foreclosure on Rise
2008-10-15 16:04:00 The number of foreclosure in the metro area of Portland is increasing. This is indeed a bad news for the real estate of this region. Nearly 70 percent of the people have been found to have defaulted on their mortgage payments in the month of August. This is a 40 percent increase from the figure ...
Clark County Foreclosure Triples
2008-10-14 15:07:00 Clark County foreclosure rate has almost tripled in September. Nearly 3,563 properties have been taken over by the lenders in the month of September. This has made the year-to-date total stand at 22,543, which were 7,704 in 2007 during the same period of time. The number of pre-foreclosures stood at 6,565 this September which was ...
Brevard County Foreclosure Has Touched 850
2008-10-13 16:33:00 It has been found that the number of foreclosure in Brevard County has soared to 850 in the month of September. This has been reported by Scott Ellis, the Brevard County Clerk of Courts. This has a really bad effect on the economy hitting hard the real estate of the region at the same time. ...
Foreclosure Cost Might Be Separated from General Fund in Brooklyn Park
2008-10-13 16:10:00 Brooklyn Park along with other cities that have been heavily affected by foreclosure rates to impose expenses will, according to a new legislation, be separated from that of the general fund. Though the people living there will continue to pay taxes for foreclosure expenses, but the money will not be taken from other expenses of ...
Collier County Foreclosure Rate High in September
2008-10-10 16:52:00 Collier County has been reported with a high rate of foreclosure in the month of September. It was 674 in August, which rose to 751 in September. The highest was recorded in the month of June when the number of foreclosure filings stood at 716. However, a further increase in the month of September has ...
6 Useful Tips for Avoiding Foreclosure
2008-10-09 22:08:00 A lot of ways are there if you want to escape the predicament of foreclosure. The main ways are to contact the money lender, to take the problem seriously, responding to mails from the money lender and contacting the HUD counselors along with acting smart all through out. The very first thing that you have to ...
Foreclosures May Increase in Oakland County
2008-10-09 16:48:00 The number of home foreclosures in Oakland County is expected to go up. L. Brooks Patterson, Executive of the county, envisions that the value of property in the county is not going to stabilize anytime before 2013. He has further said that the number of home foreclosures in this county may increase to up to ...
Columbus Granted $22.8 Million by HUD
2008-10-09 16:10:00 The US Department of Housing and Urban Development is going to give away over $22.8 million fund to Columbus to help her deal with the foreclosure crisis. The department is going to send across funds to about 22 cities of Ohio apart from the counties that have been heavily affected by foreclosures. The fund has ...
Wisconsin Is Yet To Receive Its $39 Million Fund
2008-10-08 16:22:00 Wisconsin has been granted a fund of $39 million by the US Department of Housing and Urban Development. The real estate of this place is suffering from the problem of home foreclosures and to help the homeowners come out of the situation, this fund has been granted to them by HUD. Gov. Jim Doyle has ...
Foreclosures: $25 Million Granted to Cincinnati
2008-10-07 16:01:00 US Department of Housing and Urban Development has granted the communities of Cincinnati area a fund of over $25 million. This federal money has been granted to them so that they can fight with the problem of foreclosures in their area. Half of this fund can be used to rehab and buy properties that have ...
Queen Hit by Subprime Mortgage Crisis
2008-10-06 16:49:00 The borough of Queens that is located in New York is facing maximum number of subprime mortgage crisis cases in the city?s real estate market. It has been noticed that the rate of foreclosures in the month of August in Queens increased by nearly 45% from what it was in July this year. On the ...
Victorville, Apple Valley, and Hesperia to receive $13 million
2008-10-03 17:30:00 US Department of Housing and Urban Development has granted $13 million fund to three cities of Victor Valley. These three cities are Victorville, Apple Valley, and Hesperia. The fund will help them to fight with the problem of foreclosures that has heavily hit these three cities of Victor Valley. Many have abandoned their homes and ...
Reno Officials Unhappy with HUD Grant
2008-10-02 15:01:00 Nevada has been granted a fund of $72 million by US Housing and Urban Development Agency (HUD) to fight with the problem of home foreclosures. This fund granted by HUD is a part of the $4 billion program of the department to help the country get away with this real estate crisis. However, the major ...
Rhode Island to Receive $19.6 Million Fund from HUD
2008-10-01 17:02:00 US Department of Housing and Urban Development will provide a fund of $19.6 million to Rhode Island to help in buying and get away with the problem of foreclosure. This program is a part of the $3.92-billion Neighborhood Stabilization Program that aims at controlling the increasing rate of home foreclosure in the real estate. This ...
Massachusetts Received $54.8 Million Funds from HUD
2008-09-30 15:22:00 US Department of Housing and Urban Development has provided a fund of $54.8 million to Massachusetts on 28th September to help them fight with the increasing number of home foreclosures there. The neighborhood areas from Dorchester to Springfield will benefit a lot from this federal fund. This is expected to give some relief to the ...
Foreclosures in Dorothy Street
2008-09-30 14:43:00 Over the past one year, nearly half a dozen properties are in a state of foreclosure at Dorothy Street of Paso Robles. The neighbors are concerned about the fact that the increasing rate of foreclosure is going to bring down the value of properties badly in the real estate market of the region. About 1,468 ...
Foreclosures: A Good Time for Property Management Companies
2008-09-29 16:37:00 The huge rate of foreclosures in Michigan is indeed good news for the property management companies. These real estate companies that look after the maintenance of broken doors and windows, and doing other repair works, are happy as they are getting more and more properties for maintenance. Many of these companies like Five Brothers Mortgage Co., ...
Tenants Loosing Their Homes in Los Angeles
2008-09-26 16:46:00 Apart from homeowners loosing their homes due to foreclosures, a large number of tenants are also being evicted due to this. Despite the fact that they pay their rents on time, they are facing this problem in the real estate. As soon as a foreclosure notice is sent to the landlord, the tenant also has ...
People above 50 are More Prone to Foreclosure
2008-09-26 15:48:00 According to the latest study of the AARP Public Policy Institute on housing and real estate, the older section of the Americans is probably more prone to foreclosure. It has been found through a study that nearly 684,000 of the people of America at an age of 50 and above were facing foreclosure on their ...
San Jose Attempts to Get Away with Foreclosures
2008-09-25 17:16:00 San Jose City Council is asking the homeowners facing foreclosure to cleanup their homes as that can have a bad effect on the real estate of the neighborhood areas. Whenever a homeowner leaves behind his home, the area gets filled with overgrown lawns that can be hazardous. Besides, open windows and door can lead to ...
Dallas-Fort Worth Neighborhood Affected by Foreclosure
2008-09-24 16:36:00 Almost all the surrounding areas of Dallas-Fort Worth have been hit hard by foreclosure activity in the first half of 2008. The homeowners are in a serious trouble. There are a large number of people who have defaulted on their mortgages that has led to a foreclosure on their home. About 11,000 properties got sold ...
Increase in San Benito County Foreclosure
2008-09-23 16:35:00 San Benito County has undergone some sort of foreclosure activity on its 249 homes in August. This shows an increase of nearly 207 percent from what it was during the same period last year. This is almost a 62 percent hike from the figure that appeared in the month of July. A total of 1,053 ...
Monterey County Foreclosures Makes Home Buying Possible
2008-09-23 16:02:00 Monterey County has recorded that about 63.1 percent of the properties sold in August were a foreclosed property. The county real estate had a huge rate of foreclosures last month. The properties sold in August last year comprised only 7 percent of foreclosed properties. The median sales price for homes in Monterey County in the ...
Home Prices in California Drop Due to Foreclosures
2008-09-22 17:17:00 The increase in the number of foreclosures in California this August has led to a decrease in the prices of home. This has in turn increased the number of home sales activity. In August, it has been observed that nearly 37,988 pre-owned and new homes got sold throughout the state of California. This shows an ... |
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