Archive for 'Foreclosure Filings'
Obama Proposes Moratorium on Foreclosures
14 November 2008While Senator John McCain is urging the government to buy bad home loans, inadvertently making taxpayers pay for the difference between these and the homes’ new values, Barack Obama is proposing a 90-day foreclosure freeze and encouraging the Treasury Department to work with various government agencies to help families in danger of losing their homes to foreclosure.
Efforts to Prevent Foreclosure Slipping
17 October 2008According to a report released by the State Foreclosure Prevention Working Group, an organization of banking regulators and attorney generals of different states, it would seem that the efforts of the industry to keep distressed homeowners from losing their homes to foreclosure have been declining.
Where are the Home Buyers?
8 October 2008According to the National Association of Homebuilders, the decline in home prices has certainly made homes more affordable for consumers. In some metro areas, existing home sales activity was a bit more brisk in the past months but overall, there seem to be the problem with the lack of qualified buyers.
Sales of New Homes Plunge to Lowest in 17 Years
7 October 2008Based on a report released by the US Census Bureau, new home sales activity has fallen to record levels last August. Annual rate dropped by 11.5 percent from 520,000 to 460,000 compared to last July and by 34.5 percent from last year of the same period. This rate also marked the lowest pace in 17 years.
Foreclosure Investing: Where There is Smoke…
6 October 2008If you ask any seasoned real estate agent, they will tell you the same thing — it is certainly the perfect time to buy one of these foreclosure properties. But the question of where to find these repossessed homes still remains.
Distressed Michigan Homeowners: Will they be allowed to vote?
19 September 2008The Democratic Party and Barack Obama’s campaign have decided to file a lawsuit against Michigan Republicans for planning to prevent troubled borrowers from exercising their right to vote. The said lawsuit will protect homeowners facing foreclosure from not being allowed to vote just because their addresses appeared in the foreclosed properties list.
Non-profit Group Lends a Helping Hand to Curb Foreclosures
15 September 2008The growing number of foreclosure homes in the nation has lead many non-profit groups such as the National Community Reinvestment Coalition to take the initiative in providing the millions of distressed homeowners with foreclosure help.
Distressed California Homeowners: Help is on the way!
12 September 2008When the subprime mortgage mess erupted, one of the states hardest hit was California. To date, the state remains to be have one of the highest foreclosure rates in the nation. if you check the local real estate market, you will find hundreds of thousands of California foreclosures for sale.
Is Short Sale the Best Foreclosure Alternative for You?
25 August 2008At the center of the foreclosure crisis, you will find millions of homeowners facing foreclosure. In most cases, these homeowners have little or no equity left in their homes, making it impossible for them to sell their homes to pay off their mortgage debt or refinance. For these reasons, a short sale option is usually [...]
Top 10 States with Highest Foreclosure Rate
22 August 2008Based on the recently released data from RealtyTrac, the top ten states with the highest foreclosure rate for the month of July are the following:
