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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 ...
Nevada Foreclosure Decline: A Good Sign
2008-11-18 13:04:00 Las Vegas has shown a fall in its number of pre-foreclosure filings and bank-owned properties in the real estate in the month of October. It has been found that the number of pre-foreclosure filings declined to 6,420 in the month of October in Clark County from 6,565 in the month of September. On the other ...
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 ...
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 ...
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, ...
President Obama Plans to Help Distressed Homeowners
2008-11-06 14:04:00 After the sweeping victory of Barack Obama in the US presidential election, people are expecting a positive change in the real estate. The problem of US home foreclosure has left a devastating mark in the real estate market. The homeowners are at a real stake. President Obama has several plans to get done with this ...
Los Angeles County Foreclosures Up By 25.7 Percent
2008-11-04 13:41:00 Los Angeles County foreclosures has gone up by 25.7 percent during the third quarter in comparison to what it was a year back during the same time. However, the number of defaulters in the real estate scene has gone down for the first time over three years. A total of 17,073 homeowners have received a ...
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 ...
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 ...
Michigan Foreclosures Slowed Down
2008-10-30 14:02:00 The state of Michigan is reported to have a bit slowed down on its foreclosure activity in the month of September. According to a data, the number of foreclosed properties in the real estate of Michigan in September was 265,968. This indicates a 12 percent decrease from what the figure was in the month of ...
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 ...
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 ...
Chgo Trib: ?Higher? Home Foreclosures Report Ignores Most Paying Mortgages
2008-10-25 19:45:00 -By Warner Todd Huston This is the kind of sensationalistic reporting that just makes all “news” agencies look like scaremongers. A recent Chicago Tribune report on homes in foreclosure in Illinois focuses on “higher” rates and says alarming things like, “Illinois foreclosures were up 49.55 percent.” These numbers the Trib bandies about seem shocking. Up 49.55 ...
By: Publius Forum
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, ...
Los Banos Abandoned Homes Putting Serious Trouble on Neighborhood
2008-10-22 15:40:00 Los Banos real estate has been suffering heavily from the problem of foreclosure for the last two years. People are leaving behind their homes in a miserable condition. A community preservation section although has been added by the City Council to the municipal code, it is expected that the issue will remain there so long ...
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 ...
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 ...
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 ...
Profits in foreclosures?
2008-10-09 06:00:00 For speculators, Martin Weiss (http://www.thestockadvisors.co-m/ccount/click.php?id=2459 ) has uncovered a stock that benefits from rising home foreclosures. In his The Safe Money Report (http://www.thestockadvisors.co-m/ccount/click.php?id=2459 ) he looks at Lender Processing Services (http://www.thestockadvisors.co-m/quote.htm?sym=lps) (NYSE: LPS (http://www.thestockadvisors.co-m/quote.htm?sym=lps))."We have a new speculative pick: Lender Processing Services. This company was spun off from Fidelity National Information Services a couple of months ago.“It is the biggest outsourcing firm in the business of processing home loan defaults and foreclosures."As you might imagine, that business is booming due to the massive flood of troubled mortgages — revenues in the company’s default services unit soared 90% to $197.2 million in the second quarter from a year earlier."LPS also has a division that helps investors, banks and other clients model prepayments, defaults and oth...
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 ...
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 ...
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 ...
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 ...
How to Get Away with Foreclosures? Ask Lee County
2008-09-18 14:08:00 Lee County real estate market is submerged in open foreclosure cases of over 22,000. This county has to send surplus dollars to the state from the fees to work on foreclosure homes. Charlie Green, Clerk of Courts is already prepared to hold back about $200,000 to $300,000 from court fees and foreclosure to make a ...
Foreclosures on Alabama Coast Condo Smash Plateau
2008-09-12 16:46:00 The problem of foreclosure homes had a great impact on a plateau nearly six months ago that had a negative impact on the real estate. According to Daniel Craven of Gulf Shores, they are not in a desperate financial situation as in other parts of the country. He further said, “And collection efforts on delinquencies ...
Foreclosures break yet another record
2008-09-08 17:00:00 The current housing and mortgage crisis has had a reputation of exceeding many people?s expectations and continues to worsen despite many projections that the end of 2008 would be the light at the end of what has been the worst housing market since the Great Depression.
Foreclosures in Virginia Has Tripled
2008-09-05 18:49:00 The tremendous increase in foreclosures in Virginia has heavily affected the real estate industry of the region. It has been found that the foreclosure rate has almost tripled in July 2008 than what it was in July last year. Half of these foreclosure homes have been arrested in Northern Virginia. In July, the highest rate ...
Charles County Foreclosures Fall but Mortgage Crisis Remains
2008-09-05 18:49:00 There has been a decline of over 10 percent in foreclosures between the first and second half of 2008 in the Charles County. Despite this, the number of home foreclosures has almost doubled in comparison to what it was at the end of the second half of 2007. The decline in the number of foreclosures ...
Las Vegas Foreclosures: The Second Wave is About to Come
2008-09-04 18:48:00 The decline in the value of home in the Las Vegas valley by almost 30 percent has made many think that the worst phase of the real estate crisis is over. However, there are many experts who think that a second wave of foreclosures is likely to take place soon, may be in the coming few ...
Due to Foreclosures A Mess Is Left Behind
2008-09-03 15:59:00 One of the biggest problems being faced by the foreclosed properties of the Frederick County is that they are damaged by either vandal who trash them or gets rotten due to ill-maintenance. This leads to piling up of things creating clutters everywhere. The county has been reported with 114 foreclosures in July, which is a ...
Foreclosures Affect Property Values in Florida
2008-09-02 16:24:00 Florida ranks second in its number of foreclosed homes, the first position being held by California. The foreclosures in these two states are so acute because the homeowners in a bid to buy and sell homes fast, over-inflated their property five years back. They inflated the values of their property through rapid sales with the ...
North Jersey Foreclosures Has Tripled
2008-09-01 15:57:00 The real estate of North Jersey has been heavily hit in the first five months of 2008 by foreclosure homes. It is triple than what it was during the same period in 2007. The home sales have declined heavily and the foreclosures have raised sharply especially in the lower income towns of North Jersey. Between ...
Help from York to Avoid Foreclosures
2008-09-01 15:32:00 The increasing rate of foreclosure homes nationwide has led to the introduction of a new program by the Yorktown Division of Housing. This program aims to provide help to the people in fighting the real estate foreclosure. A total of 5,800 foreclosures have been recorded across the state in the second half of 2007. Out ...
Foreclosures Rising in Brown County
2008-08-28 14:59:00 A sharp rise is noticeable in the Brown County foreclosure homes. It has been observed that from January 1 to July 31 of 2008, a total of 255 homes in the Brown County have faced foreclosure filings. The economy of this place is really at stake which is having a bad effect on the real ...
40% Or More Of Homes Sold Are Foreclosures Or Distressed Properties!
2008-08-28 02:27:00 While actual home sales may have had a modest gain this past month, the gain was bittersweet as it is attributed to the declining prices in many markets across the USA. At least a 40% or more of the homes sold nationally last month involved foreclosed homes snapped up at bargain-basement prices ...
Pets at Stake Due To Foreclosures in Valley
2008-08-25 16:29:00 The problem of foreclosure homes in the Valley, apart from real estate, is standing as a big threat to the pets especially the cats. The people who are facing the foreclosure problem are leaving their cats behind. There are many who have been calling up at the animal shelters seeking for a shelter to their ...
Home Foreclosures for Sale at Less than $100,000
2008-08-25 16:09:00 The problem of foreclosure homes has created a good real estate housing market. John Klahn who is a network engineer at an area hospital of Denver has bought 9 homes over the last one and a half years at less than $100,000 each. The slump in the prices of home has proved beneficial for some ...
Foreclosures on Rise
2008-08-21 18:02:00 The towns of Milford and Metrowest area have not been able to keep themselves away from the mortgage crisis. Milford has reported a foreclosure count of 90 since January this year. There were about 42 foreclosures in 2007 which was only 15 in 2006. This year the situation is all the more worse. ...
Foreclosures in Upper Middle Class Areas
2008-08-18 17:30:00 The problem of foreclosures has also been hitting the middle and upper middle class families. This is affecting people from all income groups and professions. The scenario is worsening day by day. The slow pace of US economy together with the tight mortgage terms and conditions are responsible for it. Hampton Township is one of ... |
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