Archive for 'Foreclosure Filings'
Median Prices of US Homes Fall in 2nd Quarter
15 August 2008According to the latest data gathered by the National Association of Realtors, median prices of homes in the country have declined by 7.6 percent in the second quarter. There were at least 75 percent of cities in the United States, which were affected.
New Foreclosure Legislation Signed by New York Governor
11 August 2008In a situation where time is of the essence, it is indeed a great relief for troubled New York borrowers to know that there is a new law that gives them an extra 90 days to find a solution to their mortgage problems and hopefully, avoid losing their homes to foreclosure.
Phoenix AZ Experience 534% Rise in Foreclosures; Worst Yet to Come
25 July 2008Residents and local officials of Phoenix have really something to worry about. According to the latest data, there was a 534 percent increase in the number of foreclosure filings for the first half of the current year, bringing the total to 12,573. Sadly, experts are saying that half of this number will end up as foreclosures.
Alaska Foreclosure Counselors Hoping for the Best
23 July 2008Foreclosure counselors working for the Consumer Credit Counseling Services of Alaska are alarmed about the increasing number of distressed homeowners facing foreclosure. The non profit group has been shelling out advices and information in order to provide valuable help to these troubled borrowers who are on the brink of losing their homes.
Misunderstanding Credit Scores
21 July 2008Although market conditions clearly favor buyers over sellers, it is still important to understand how credit scores can make buying more profitable especially with the currently tightened credit market.
It is quite surprising that many consumers fail to take advantage of the benefits that come with understanding credit scores. In a new report from the Consumer [...]
Avoiding Foreclosure Help Scams
14 July 2008It is quite sad to know that the current crisis in the mortgage industry has not only resulted to millions of homeowners losing their home to foreclosure. The incidence of foreclosure rescue scams has also soared considerably.
Foreclosure Rescue Bill Faces More Delays
10 July 2008With the nation suffering from the high national foreclosure rate, it is only right that the federal government is busy looking for a long-term solution to this crisis. Among its efforts is the foreclosure rescue bill that will allow troubled homeowners to re-finance their existing mortgages and avail of government-backed loans instead.
Troubled Homeowners Turn to Short Sale, Discouraged by Slow Process
20 June 2008For many distressed homeowners facing foreclosure, an option that is usually considered after refinancing and loan modification, is a short sale. However, it seems that the process involved in this option is relatively slow.
Poll Revealed 50% of Mortgaged Americans Worried about Foreclosure
16 June 2008In a recent poll commissioned by the American Bar Association, it was discovered that about 50 percent of Americans who currently have a mortgage are having concerns about staying in their homes and avoiding foreclosure.
3 Factors to Consider in Foreclosure Buying
12 June 2008Many real estate experts will vouch after the fact that buying foreclosed properties is indeed a good decision. Not only will you be enjoying much savings but you also get to choose from quite a large inventory of foreclosure homes.
