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From the category archives:

Foreclosure Crisis

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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Atlanta Foreclosed Homes for Sale Drop, But Still High

by Anthony ParkerOctober 16, 2009

Atlanta foreclosed homes for sale dropped in number in October compared to the previous month, but the number is much higher compared to October last year, based on data from a real estate research firm based in Georgia.
Throughout the Atlanta metro area, nearly 9,600 foreclosure notices were posted, a decrease of 22 percent compared to [...]

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Financial Incentives to Stem the Surge of Foreclosed Houses

by Danny GibsonOctober 15, 2009

The unabated spread of foreclosed houses across the country is putting so much pressure on the Obama Administration that it eventually gave in by announcing financial incentives to both troubled borrowers and real estate lenders.
Industry experts have been calling on the Obama Administration to do something immediately to curb the tide of foreclosure properties across [...]

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Bronx Foreclosed Homes for Sale Driven by Unemployment

by Mark GoodmanOctober 14, 2009

Bronx foreclosed homes for sale still dot many neighborhoods in the area because of unemployment, income reduction, collapse of small businesses and the failure of federal and state foreclosure prevention programs.
The foreclosure of several apartment and condo buildings has also been adding to foreclosure statistics in the area.
Because of the downturn, the unemployment rate [...]

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Los Angeles Foreclosed Homes for Sale Driven by Jobless Rate

by Anthony ParkerOctober 13, 2009

The number of Los Angeles foreclosed homes for sale is still rising, as shown in a foreclosure report that indicated more than 106,000 foreclosure postings in the first 6 months of this year in the Los Angeles, Long Beach and Santa Ana metro area.
Just like other cities battered by high unemployment rates, Los Angeles is [...]

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Tampa Foreclosure Homes for Sale at Falling Prices

by Robert ShultzOctober 8, 2009

The prices of Tampa foreclosure homes for sale are falling at rates depending on the age of the house, the type of neighborhood and the stability of nearby communities, according to a study conducted by David Teacher, a real estate appraiser working with Superior Residential Appraisal Services Inc.
Teacher said that most of the residential properties [...]

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Pittsburgh Foreclosure Homes for Sale Declining, Buy Now

by Robert ShultzOctober 7, 2009

The number of Pittsburgh foreclosure homes for sale is dropping, so prospective buyers of lower-priced properties in the metro area should buy now.
According to real estate research firm RealSTATS, the number of available foreclosures for sale in the Pittsburgh metro area has gone down by 5 percent in August to only 323 units.
A separate [...]

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