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Foreclosure Crisis

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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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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Dallas Foreclosed Homes for Sale Rose 34 Percent

by Danny GibsonNovember 6, 2009

Dallas foreclosed homes for sale still floods the Texas housing market. For this month, nearly 6,000 foreclosure houses are scheduled for auction, representing an increase of 34 percent compared with last year.
For the first 9 months of this year, the number of foreclosure properties hit 51,000. Industry experts said that in previous years, the wave [...]

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Volunteers Find Foreclosure Homes to Clean Up

by Danny GibsonNovember 4, 2009

An increasing number of volunteers find foreclosure homes to clean up thus preventing them from ruining the curb appeal of neighborhoods.
According to industry experts, in some areas where foreclosure rates are highest, such as Florida and Nevada, volunteering to clean up abandoned and vacant properties is becoming common in communities. These volunteers mend fences, cut [...]

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Brooklyn Foreclosed Homes for Sale Hurting Market Prices

by Robert ShultzNovember 4, 2009

Brooklyn foreclosed homes for sale under $300,000 are expected to swamp the New York housing market. Results of a recent market study showed that the foreclosure crisis has severely affected multi-family buildings located in low income neighborhoods in Brooklyn.
The study showed that 80 percent of repossessions filed in Brooklyn since last year was for mortgage [...]

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Fort Worth Foreclosed Homes for Sale Pulls Down Home Prices

by Mark GoodmanOctober 30, 2009

Home prices in Texas continued to drop, albeit at a slow pace, partly due to the flood of Fort Worth foreclosed homes for sale that glut the market. Recent market data showed that pre-owned home prices dropped by 1.2 percent two months ago, compared with the same month in 2008.
According to industry experts, the August [...]

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3.5 Million New Denver Foreclosed Homes for Sale Expected

by Danny GibsonOctober 27, 2009

The number of Denver foreclosures for sale is expected to grow by as much as 3.5 million in the next two years. This is the bleak prediction of industry experts as they noted the increasing number of homeowners who lost their jobs or have reduced their income.
Market data showed that 2009 will surpassed the number [...]

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Stockton Foreclosed Homes for Sale Held Back, Prices Flat

by Danny GibsonOctober 27, 2009

Stockton foreclosed homes for sale did not increase in number in September as expected by buyers and brokers, as banks controlled the release of their foreclosed properties, according to research firm Trendgraphix and realtors in San Joaquin County.
Because of the decreased number of foreclosures released by banks, the total number of homes for sale in [...]

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