Foreclosure Homes

Cheap home foreclosures for sale are driving sales of single-family homes in the Massachusetts counties of Franklin, Hampshire and Hampden in the third quarter. Majority of sales were made by first-time buyers who were encouraged to make real estate purchase by the federal government’s $8,000 tax credit. A great number of first-time buyers come swopping [...]

Michigan foreclosure homes for sale continue to increase in number despite state and federal efforts to prevent foreclosures because of the continued rise in unemployment throughout the state.
In September, the unemployment rate continued to climb up, hitting 15.3 percent, far above the national jobless rate of 9.8 percent. Analysts said that the unemployment rate of [...]

Foreclosure homes for sale in a neighborhood bring nothing but devastation to the area’s economy and housing market. Foreclosure properties pull down home values and prices and become eyesores to the neighborhood.
In Rice County, Minnesota, about 236 foreclosure properties were reported in the first nine months of this year. This devastating effect of foreclosure is [...]

The still high number of Chicago foreclosed homes for sale has driven two housing projects in the Chicago area, although indirectly. Just like in any other metro area in the U.S., foreclosure houses and abandoned homes cause neighborhood blight. On the other hand, the low prices of foreclosure properties also help improve home affordability.
In the [...]