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From the category archives:

Foreclosure Crisis

Home Prices to Fall 40 Percent as Foreclosed New Homes Rise

July 3, 2009

Home prices will decline by 40 percent in the third and fourth quarter next year as more foreclosed new homes enter the U.S. market, based on a price forecast by Michelle Meyer, economist of Barclays Capital.

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Large Job Losses Drive Foreclosed Houses in 40 Counties

July 1, 2009

In forty of the 500 U.S. counties with the highest number of households, the pace of foreclose houses has doubled in April this year, compared to their pace in April last year.

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Florida Lawyers Work to Defer Foreclosures

June 30, 2009

Florida lawyers working for homeowners facing foreclosures have been advising their clients to remain in their houses while the foreclosure process is carried out.

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Three-Decker Homes on REO Property Listings

June 25, 2009

Three-decker homes have long been regional emblems in New England. They are fixtures in the landscapes of various New England cities, including Boston and Worcester in Massachusetts and Providence in Rhode Island.

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Little Done to Avoid REO Properties for Sale

June 25, 2009

Many distressed homeowners in Las Vegas, Nevada have discovered that getting a loan modification is not easy as they were led to believe. The Obama Administration has been touting loan modification as a way to help troubled borrowers avoid REO properties for sale.

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Family Gets 108-Year-Old Evanston Foreclosed Home for Sale

June 24, 2009

The foreclosure crisis gave thousands of families harrowing experiences that they would not easily forget, but it also gave thousands of other families opportunities to acquire foreclosed home for sale properties — the beginning of pleasant experiences to cherish.

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Counseling to Contain Repossession Homes in South Florida

June 19, 2009

The U.S. Department of Housing and Urban Development (HUD) has given its permission to Consolidated Credit Counseling Services Inc. to operate in South Florida to help stem the tide of repossession homes in the region.

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Foreclosed Housing Help for Homeowners in 5 Cities

June 19, 2009

Residents of Boston, Indianapolis, Chicago, Baltimore and Poway who are looking for foreclosed housing help should participate in foreclosure counseling and educational programs being conducted in their areas.

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Ripple Effects of Repo Homes for Sale

June 17, 2009

The Center for Responsible Lending has released a report about the ripple effects of repo homes for sale. The report stated that this year, the foreclosure crisis will affect about 69.5 million neighboring houses as price drops will continue and would average $7,200 each home.

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Homebuilder Stocks Affected by Foreclosure Home Numbers

June 15, 2009

Prices of homebuilders’ shares dropped after California-based real estate research firm RealtyTrac released its foreclosure home numbers for the month of May 2009.

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