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From the monthly archives:

September 2009

Group Helps Prevent Fort Lauderdale Foreclosure Homes for Sale

by Danny GibsonSeptember 30, 2009

If you ask some homeowners, the Association of Community Organizations for Reform Now or ACORN as it is popularly known, has helped many of them save their properties from Fort Lauderdale foreclosure homes for sale.
Some residents in Fort Lauderdale and Pompano Beach said that ACORN has done a good job in providing assistance to disenfranchised [...]

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Study: Programs to Contain Houses in Foreclosure in Jeopardy

by Anthony ParkerSeptember 30, 2009

The National Consumer Law Center (NCLC) has conducted a study of several state foreclosure mediation programs designed to control the growing number of houses in foreclosure. The study showed that the programs, which require conferences or mediations before homes could be placed on foreclosure sales, have an enormous potential to help troubled homeowners.
But the study [...]

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Rising Foreclosed New Homes Due to Refinancing Difficulty

by Robert ShultzSeptember 28, 2009

The next wave of foreclosed new homes is expected to include creditworthy homeowners who have home equity loans or second mortgages. According to industry experts, the deepening recession has caused many lenders to act abnormally.
They said that many banks refuse to provide refinancing to some creditworthy homeowners because they want borrowers to just pay off [...]

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Jacksonville Foreclosed Homes for Sale Pull Down Prices

by Mark GoodmanSeptember 25, 2009

Jacksonville foreclosed homes for sale are still pulling down home prices in the area, based on home sales and foreclosure data from several real estate firms and organizations.
According to the Northeast Florida Association of Realtors, the median price for both conventional and distressed home sales in Jacksonville in August was $150,000, marking a 16.7 percent [...]

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Houston Foreclosure Homes for Sale Made up 17 Percent

by Anthony ParkerSeptember 25, 2009

Houston foreclosure homes for sale accounted for 16.7 percent of total sales of single-family houses in the metro area in August, according to the Houston Association of Realtors. The foreclosure percentage marked a significant decrease from the peak percentage of 34 percent over a 12-month period.
Total home sales also decreased, dropping to only 5,058 units [...]

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Hialeah Foreclosure Homes for Sale Fill up Housing Market

by Mark GoodmanSeptember 24, 2009

Hialeah foreclosure homes for sale account for the majority of all houses for sale in the area in September, based on data from an online real estate research firm.
According to the research firm, there are about 4,700 houses available for sale in the area in September and nearly 3,300 units are foreclosure houses, representing [...]

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Dallas Foreclosed Homes for Sale Pull Down High-End Prices

by Anthony ParkerSeptember 24, 2009

Dallas foreclosed homes for sale have been pulling down the prices and sales volumes of mansions and other high-end homes in the Dallas metro area, according to data released by the Texas A&M University Real Estate Center and North Texas Real Estate Information Systems Inc.
According to the analysts, sales of homes in the $1 million-and-above [...]

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Phoenix Foreclosed Homes for Sale Still Driving Market

by Robert ShultzSeptember 23, 2009

Phoenix foreclosed homes for sale are still the ones driving the city’s housing market, according to Jay Butler, director of real estate studies at the Arizona State University.
Butler said that for every two existing homes sold in August, one was a foreclosure home. He added that investors buying low-priced foreclosures were still the ones pushing [...]

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Denver Foreclosure Homes for Sale Purchased at a Premium

by Mark GoodmanSeptember 23, 2009

Denver foreclosure homes for sale are being purchased at a premium since July, according to a real estate research firm based in Denver.
Researchers said that real estate-owned detached single-family houses priced below $185,000 have been selling, not at a discount, but at a premium and most of them have been selling in less than 5 [...]

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Stockton Foreclosed Homes for Sale Drive Home Affordability

by Danny GibsonSeptember 22, 2009

Stockton foreclosed homes for sale have been contributing to the rise in housing affordability in the area, according to data released by the California Association of Realtors and according to the Housing Opportunity Index prepared by Wells Fargo and National Association of Home Builders.
According to the reports, during the second quarter of this year, 80 [...]

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