Fort Lauderdale Foreclosure Homes Drove Biggest Discount
Fort Lauderdale foreclosure homes continue to cut down home prices and push more sales in the area in 2010, based on reports from research firms.
In a study of house prices in 27 large metro areas, the Fort Lauderdale-Miami-Palm Beach area posted the biggest home price reduction rate in February this year. In the Fort Lauderdale [...]
Sacramento Foreclosure Homes Still Up, but Prices Are Rising
Sacramento foreclosure homes are still surging, but prices are rising, based on reports from the Sacramento Association of Realtors, the California Association of Realtors and research firms.
In the counties of Sacramento, El Dorado, Yolo and Placer, the percentage of mortgages in default has risen to 12.29 percent in January 2010, a jump from 11.99 in [...]
Foreclosure Auctions Being Followed by Sudden Evictions Causing Unprecedented Pain and Chaos in Phoenix
Chaotic foreclosure auctions being followed by sudden evictions causing unprecedented pain and chaos in Phoenix.
One of the sufferers is Fed Winston. He had been negotiating with his lender regarding modification when the house he had been living in as the owner for long 18 years was sold off at a foreclosure auction in [...]
In Mesa County Foreclosure Auctions are the Highest in Colorado
Mesa County has been witnessing in January 2010 the highest number of auctions in the 12 mega counties of Colorado according to the increase of percentages as per the data released by Colorado Division of Housing.
In January this year the number of foreclosure auctions jumped by more than four times the number of the same [...]
San Francisco Foreclosure Homes Drove Sales amid High Prices
San Francisco foreclosure homes have been driving house sales in the area, but the sale prices are still relatively high and a huge percentage of homes in the area are still not affordable to median-earning families, according to the Urban Land Institute Terwillger Center for Workforce Housing, the Rosen Consulting Group and the San Francisco [...]
Boston Foreclosure Homes Surge in Affluent Neighborhoods
Boston foreclosure homes are surging in affluent neighborhoods as more businesses fail and more residents lose their jobs, based on reports released by New England research firm Warren Group.
In Norfolk County, petitions for foreclosure soared year-over-year by 33.5 percent in 2009. In Middlesex County, filings jumped up by over 23 percent over the same one-year [...]
Tucson Foreclosure Homes Kept Surging, City Got Rehab Money
Tucson foreclosure homes continued to soar in 2009, contributing significantly to the increased pace of Arizona foreclosures during the same year.
Investors spending resources to find bank foreclosures for sale can consider Tucson and other parts of Arizona as foreclosure activities continued to surge in these areas.
In 2009, a total of 12,798 foreclosure actions were filed [...]
Foreclosures Leading to Invention of More Acronyms
Foreclosures and measures taken to solve it are making the government expert in inventing more acronyms. Perhaps the public is not aware of the latest one to enter the field – 2MP. It stands for second-lien-modification programme. This is another measure related to loan modification that has the backing of the government and is targeting [...]
Indianapolis Foreclosure Homes Prompting Township Revival
Indianapolis foreclosure homes have spurred downtown revival and the growth of Central Township, the most populous among the townships of Marion County.
Central Township covers 41.83 square miles of land and includes 0.85 square mile of water. It encompasses downtown Indianapolis and a portion of Beech Grove.
As people move out of foreclosure-clobbered suburban neighborhoods back into [...]
The Foreclosure Crisis has Downed Shutters on Days of Giving Replacing it with Days of Taking
The foreclosure crisis has downed shutters on days of giving replacing it with an age of taking. In Tracy, California there was a news item that read “Tracy residents will now have to pay every time they call 911 for a medical emergency. But there are a couple of options. Residents can pay a $48 [...]
Bank Foreclosures in Florida’s Condo Sector Enforced by HOAs
Bank foreclosures in Florida’s condo sector are being enforced by homeowner associations through a process called reverse foreclosure to force lenders to pay association dues and maintenance fees.
In Florida where condo foreclosures have soared along with single-family and townhouse foreclosures, 60 percent of HOA associations are struggling from unpaid association dues. These HOAs have reported [...]
Fresno Foreclosure Homes up Due to Job Loss and Price Fall
The number of Fresno foreclosure homes and the rate of delinquency stepped up in January this year, based on reports from real estate firms.
Nearly 4 percent of all Fresno County mortgaged homes were foreclosed in January, a substantial increase from 1.5 percent in January 2009. Similarly, more than 13 percent of mortgage borrowers were delinquent [...]
Bank Foreclosures Pushing Down Suburbs, UVA Professor Says
Bank foreclosures have been occurring at higher rates in the suburbs as compared to cities, according to William Lucy, a professor of planning at the University of Virginia.
In his book Foreclosing the Dream: How America’s Housing Crisis Is Changing Our Cities and Suburbs, which was published and promoted by the American Planning Association, Lucy discussed [...]
Foreclosures in Fort Worth Up in Housing, Commercial Sectors
Foreclosures in Fort Worth surged in both the residential and commercial sectors in January this year, based on reports from commercial property consultant Trepp Group and other real estate firms.
The rate of foreclosure homes in the Fort Worth-Arlington metro area surged to 1.4 percent in January, a jump of 0.47 percent from the January 2009 [...]
Beware! A Flood of Foreclosures is About to Break
The recent increase in price of houses may have heartened many but it is best not to rest and be sanguine. Pundits are asking the people to be beware because a flood of foreclosures is about to break. Standard & Poor (credit rating agency) is telling investors the exact worth of [...]
New York Foreclosures in Commercial Sector Soaring Upwards
New York foreclosures in the commercial property sector continue to surge as more property owners and developers fail to pay their maturing acquisition and development loans.
These struggling properties span the breadth of commercial property types – multi-family, retail, industrial, mixed-use, office and lodging types – according to commercial lending analyst Trepp Group.
Trepp reported that more [...]
Foreclosures in Charlotte Still Surging due to Job Losses
Foreclosures in Charlotte are still surging as unemployment and other economic troubles continue to batter homeowners in the area, based on figures from the North Carolina Administrative Office of the Courts.
Throughout Mecklenburg County, where Charlotte is the county seat, homeowners are failing to keep their homes despite efforts by the state and nonprofits to link [...]
Foreclosures are Causing the Market to Correct Itself from the Boom Years
It is not all gloom and catastrophic about the foreclosures – in fact foreclosures are causing the market to correct itself from the boom years. Many are now being able to afford houses that previously they would not have dreamt of owning. There are many who are and will benefit from this situation. Jim Owens [...]
Foreclosures in Detroit Contained Thru County Web Portal
Foreclosures in Detroit are being contained by local government and nonprofit officials through a web portal recently launched by Wayne County, where Detroit is the county seat.
The web portal, fightmortgageforeclosure.com, was created by the technology staff of Wayne County and was designed to link troubled homeowners with service providers that can assist them save their [...]
Foreclosures in Denver Made Impact on Rental Vacancy Rate
Foreclosures in Denver made an impact on the vacancy rate for residential rental properties in the area in the final quarter of 2009, based on a report from the Colorado Division of Housing.
As foreclosed properties get converted into rentals, the rental property inventory increases, pushing up the rental vacancy rate. On the other hand, as [...]
Foreclosures in Chicago Continued to Surge in the Suburbs
Foreclosures in Chicago continued to surge in the suburbs in 2009, according to nonprofit Woodstock Institute.
In the northern and northwestern suburban areas of Cook County, where Chicago is the county seat, foreclosure filings have increased by about 40 to 49 percent in 2009 compared to 2008, indicating a shift in foreclosure intensity from the center [...]
How Does a Short Sale Affect My Credit?
Many people think a short sale will not affect their credit. There are factors with a short sale to consider which are negative and positive.
A short sale is definitely not a foreclosure. When you perform a short sale, you sell your property below the amount of money you owe on the mortgage loan. [...]
Foreclosures in Dallas Commercial Sector to Cut County Funds
Commercial property foreclosures in Dallas are expected to wreak havoc on the county budget, which is already burdened with an expected deficit of $60 million this year.
According to analysts, Dallas may be more burdened by commercial foreclosures than residential foreclosures because of the record surge of defaults in the commercial sector. Over the past year, [...]
Foreclosures in Hialeah Contributed to Florida Price Drops
Foreclosures in Hialeah contributed substantially to the continued fall in pre-owned home prices in South Florida as Hialeah, the second largest city in the region, posted the highest rate of price decrease among cities in the area in January.
The sales price median for existing homes in Hialeah dropped by 37.6 percent in January this year [...]
Foreclosures in Indianapolis Slowed, but Prices Remained Low
Foreclosures in Indianapolis slowed in 2009, allowing home prices to appreciate in January 2010. Home prices, however, were still affordable despite the increase, based on figures from the Indiana Association of Realtors.
Foreclosure postings in the Indianapolis metro area dropped by 9.39 percent in 2009 to 18,408 filings, allowing the home sales price median in Indianapolis [...]
