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From the category archives:

Foreclosure Crisis

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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Oregon Beset by Rising Foreclosure Home Listing, Unemployment

by Mark GoodmanOctober 23, 2009

Oregon is seeing the number of properties on foreclosure home listing growing daily. The economic downturn is taking its toll on the lives of residents and neighborhoods from Portland, Salem to Medford and even in rural areas.
Aside from the increasing foreclosure home listing that has been plaguing the state for some time now, Oregon is [...]

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Georgia Foreclosure Homes for Sale Still Growing in Number

by Danny GibsonOctober 22, 2009

Georgia foreclosure homes for sale are still growing in number, based on a report of nationwide foreclosure filings released this week by a real estate research company.
In the third quarter, foreclosure actions filed by lenders in Georgia reached 33,385, marking a jump of 25 percent from the same quarter last year and a rise of [...]

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Rising Number of Foreclosure Homes Affects Census Accuracy

by Anthony ParkerOctober 20, 2009

The accuracy of the 2010 census count will be greatly affected by the increasing number of foreclosure homes across the country. U.S. Census Bureau Director Robert Groves explained that many families who have lost their houses to foreclosures have moved in with relatives or friends or have become homeless.
He expects that census questionnaires that will [...]

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California Foreclosure Homes for Sale Still High in Number

by Danny GibsonOctober 19, 2009

California foreclosure homes for sale are still among the country’s highest in number in September and in the whole third quarter of this year, based on data released by a foreclosure tracking firm.
In September, California had more than 86,300 foreclosure filings and in the third quarter, it posted more than 250,000 foreclosure actions. The postings [...]

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