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From the monthly archives:

November 2009

Buy a Foreclosed Home in the Washington, D.C. Metro Area

by Danny GibsonNovember 19, 2009

Finding a foreclosed home in the Washington, D.C. metro area for investment can become a reality for more investors now that Prince George’s County, which is part of the Washington, D.C. metro area, posted more foreclosures in October compared to the same month last year.
According to a real estate research firm, over 2,000 households in [...]

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Regulations to Help Reduce Charlotte Foreclosed Homes for Sale

by Danny GibsonNovember 16, 2009

New regulations have been proposed to help financially struggling families remain in their homes and reduce the number of Charlotte foreclosed homes for sale.
The North Carolina Office of the Commissioner of Banks has announced a proposal that would immediately stop foreclosures once troubled homeowners request for loan modifications. Currently, banks and mortgage lenders are simultaneously [...]

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Cheap Foreclosure Houses for Sale Increasing in New Jersey

by Mark GoodmanNovember 16, 2009

Cheap foreclosure houses for sale are growing in numbers every day as more and more houses and development projects go into foreclosures. One of the latest victims in the current economic downturn and foreclosure crisis is a townhouse development project in New Jersey.
The Riverwalk townhouse units were built with the purpose of bringing in new [...]

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Unemployment Continues to Drive Up New Jersey Foreclosed Home

by Danny GibsonNovember 13, 2009

Market data has shown time and again that where unemployment is the highest, so is the number of foreclosed home. And the increasing foreclosure rate remains to be the strongest indicator of the current economic downturn.
The trend of rising unemployment and foreclosure is very much in evidence in Atlantic County, New Jersey. According to industry [...]

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Staving Off Atlanta Foreclosed Homes for Sale With AHP

by Danny GibsonNovember 12, 2009

Industry experts believe that one way to prevent the spread of Atlanta foreclosed homes for sale is to make affordable housing accessible to everyone. Several branches of Federal Home Loans Bank (FHLBank) have made it their commitment to provide affordable housing to promote homeownership in the current economy.
The FHLBank of Atlanta is one of the [...]

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Failing Tax System Creates Detroit Foreclosed Homes for Sale

by Anthony ParkerNovember 12, 2009

Detroit foreclosed homes for sale is mounting and the numbers are expected to continue climbing in the coming months. Industry experts said that the increasing foreclosure trend is an indication that the tax foreclosure system in the Michigan city is failing.
Driving around the city of Detroit, one could see older ranch-style houses that were constructed [...]

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Home Foreclosure Sales Pushed Prices Down in Jacksonville

by Danny GibsonNovember 11, 2009

Home foreclosure sales and short sales in Jacksonville pushed down house prices in the July to September quarter in the area, based on data from Florida Realtors.
Sales prices for single-family residential units in Jacksonville fell by 17 percent to $150,600, a decrease from $180,600 last year. Home sales increased by 28 percent [...]

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San Francisco Foreclosed Homes for Sale Still on the Rise

by Danny GibsonNovember 10, 2009

Filings for San Francisco foreclosed homes for sale still dominate the housing market in California in the third quarter. During the period, the number of notices of default increased by 25.2 percent on a year-to-year basis. The figures represented a 72.0 percent to 607 from 353 in the San Francisco proper.
In Bay Area, the actual [...]

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Bank Foreclosure Homes Rising in High-End SF Bay Areas

by Danny GibsonNovember 9, 2009

Bank foreclosure homes are rising in number in high-end neighborhoods in the San Francisco Bay Area, based on an analysis of foreclosure data by the Chronicle.
According to the study, the number of high-end houses in foreclosure in upscale neighborhoods such as Greenbrae, Los Altos and Alamo in the 9-month period ended September rose by around [...]

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San Jose Foreclosed Homes for Sale Dominate the Market

by Mark GoodmanNovember 6, 2009

Home sales in Santa Clara County, California rose by 17 percent last month and San Jose foreclosed homes for sale are credited for this positive trend. According to industry experts, the 17 percent increase in home sales activity in September compared to the same month a year ago, is attributed to first time buyers who [...]

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