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Homeowners: Foreclosed Triplex Homes for Sale to Be Part of Appraisal

by Robert ShultzSeptember 2, 2010

A number of homeowners have filed a lawsuit against the appraisal district of Fort Bend County, Texas for alleged violation of the state law which specifies that foreclosures, including foreclosed triplex homes for sale and other types of dwellings, should be considered in assessing property taxes.

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Broker Targets Owners of Home and Townhouse Foreclosures for Sale

by Anthony ParkerSeptember 1, 2010

The high number of residential foreclosures and townhouse foreclosures for sale in Arizona has spawned a number of fraudulent activities among a handful of mortgage brokers. Recently, a broker from Phoenix was convicted for reportedly making homeowners file fake foreclosure paperwork.

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Bank Foreclosure Issues Overshadow Tax Lien Foreclosure Sales

by Robert ShultzAugust 31, 2010

The number of homes being offered as tax lien foreclosure sales has risen in the past few months in Florida. However, the issue is not the center of current housing market news in the state, but foreclosing banks' actions are.

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Foreclosures and Handyman Special Homes for Sale Remain High in Queens

by Mark GoodmanAugust 30, 2010

The issue of foreclosure is still a major priority in Queens, New York, with the area having some of the highest levels of bank and government foreclosed houses and handyman special homes for sale. Some local officials believe that a recovery, albeit a slow one, is possible and one of the major factors for an economic turnaround is the small business market.

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Property Tax Deed Sales and Foreclosures Continue Despite Program

by Mark GoodmanAugust 27, 2010

The recovery of the U.S. housing market has slowed and efforts from the federal government are supposedly not helping much in terms of lowering the number of property tax deed sales and foreclosures in the country. The government's main foreclosure mitigation effort, the Home Affordable Modification Program, has been criticized for its alleged lack of impact on the housing market crisis.

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Pre Foreclosures Dropped While Lis Pendens Law Got Tighter

by Anthony ParkerAugust 26, 2010

In an effort to stem the tide of foreclosure, the government has made it more difficult for lenders to start foreclosure proceedings on a property. Tighter lis pendens law has aided this effort and some analysts speculate that this is part of the reason for the decline in the number of pre foreclosures in some areas of the U.S.

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House and Mobile Home Foreclosures Continue As Big Banks Hedge

by Anthony ParkerAugust 25, 2010

As the number of regular residences and mobile home foreclosures continues to increase, Michigan authorities are stepping up their campaign for improved participation in federal foreclosure mitigation programs among the state's biggest lenders. However, despite criticisms from Governor Jennifer Granholm, banks like Citi, Chase, Bank of America and Wells Fargo have delayed their commitment to the Hardest Hit Fund initiative.

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Bank REOs, VA Homes for Sale and Other Foreclosures Rise in Montana

by Mark GoodmanAugust 24, 2010

The number of foreclosed properties in Montana, including bank owned houses and VA homes for sale, recorded a slight increase during the period of June-July 2010. Despite the increase, most local analysts classify the foreclosure rate of the state as steady.

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Despite Soaring Foreclosure Short Sales, Bend Got Left Out

by Robert ShultzAugust 23, 2010

The problem of high foreclosure rates and declining values of properties due to foreclosure short sales have hit most areas of Oregon. On top of these housing market problems, unemployment rates in most local areas of the state have also soared.

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Washington Has a Bigger Problem Than Sheriff Foreclosure Auctions

by Danny GibsonAugust 20, 2010

On top of the issue of numerous properties falling under Sheriff foreclosure auctions and other foreclosure-related problems, the state of Washington now has to face the immediate concern of public housing renovations. The main problem though, is that the money needed for the overhaul is not available.

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Short Sales to Lower Bank, Government and FNMA Foreclosures Inventory

by Mark GoodmanAugust 19, 2010

A U.S. government effort is expected to impact the housing market of Tennessee and the rest of the country in a big way. The latest program aims to lower the inventory levels of all types of foreclosed properties, including FNMA foreclosures and bank foreclosures, by shortening the process of short sales, thereby encouraging homeowners to sell their properties prior to getting foreclosed.

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Prices of Home Auctions for Sale and Other Dwellings Declined in NJ

by Anthony ParkerAugust 18, 2010

The prices of home auctions for sale, new dwellings and other types of residential properties declined in certain areas of New Jersey during the period January-June 2010. Although average home prices have been declining since 2007 and the first half of 2010 recorded further declines, analysts have reported that the rate of drop has slowed down.

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Increase in Prices of Homes Still Not Good Enough for Flipping Houses

by Danny GibsonAugust 17, 2010

Some investors who are into flipping houses might consider rising prices of homes in several metro areas of the U.S. to be good news, but real estate analysts believe that the second quarter surge in housing prices is only temporary. Most analysts believe that prices will start declining again by July 2010.

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Builders Prepare for Market Upswing Despite Bank and FHA Foreclosures

by Danny GibsonAugust 16, 2010

Although Oklahoma City is still suffering from high numbers of government, bank and FHA foreclosures, most observers believe that the area's housing market is on an upswing. Several industry-related events will be held in the city within the year and builders are preparing for these events by building show houses to be exhibited to the public.

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Lis Pendens Foreclosures Increased in Some Areas of Virginia

by Mark GoodmanAugust 13, 2010

Rates of lis pendens foreclosures recorded in Virginia areas of Pittsylvania County and Danville jumped for the initial six months of 2010. Housing market statistics showed Danville recording a 16.8% foreclosure rate increase from January to June 2010 when compared with the same period of 2009.

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Unemployment Behind Foreclosures and Mobile Homes for Sale

by Robert ShultzAugust 12, 2010

The high number of residential properties and mobile homes for sale in Pennsylvania is not caused by subprime mortgages. At least, that was what the survey from the Pennsylvania Association of Realtors had revealed. The survey attributed majority of the state's foreclosures to unemployment and emergency medical expenses.

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