Archive for 'Foreclosure homes'
Texas Foreclosure Rate Shows Signs of Slowing Down
18 April 2008Things may be finally starting to cool off on the Texas foreclosure market, as new statistics released show that the total foreclosure inventory for the state is down nearly16% from where it was one year ago in March of 2007. The state currently has roughly 10,700 properties in some stage of foreclosure, and while this is quite high compared to other states nationally, it represents a fairly significant drop in the market, which was one of the hottest around for several years.
Best Cities to Consider When Buying a Home
17 April 2008Buyers and investors should consider looking at homes for sale in these cities in order to enjoy the greatest return potential and savings.
Illinois Foreclosures on the rise
8 April 2008Illinois foreclosures have certainly ripped apart the real estate and housing market in 2007. There has been a increase in the number of Illinois foreclosure homes since 2006 and it is expected to remain the same in 2008. Most of these foreclosed homes are being auctioned by the banks or lenders to investors. Although this may look like a good investment option but the fact the matter is that there are more homes put up on the foreclosure lists as against the number of buyers available.
Massachusetts Foreclosures reached a high in 07
1 April 2008There were thousands of Massachusetts foreclosure homes that were up for grabs in 2007. The number was overwhelming at 7,563 homes, which was almost three times the foreclosure rate in 2006. Massachusetts faced a severe crisis and this is a new record of sorts because so many real estate foreclosures had not been seen since the early 1990’s.
Pennsylvania Foreclosures: Something to talk about
31 March 2008In a recent event, U.S. Senator Bob Casey visited Pittsburgh, PA to discuss about the alarming increase in Pennsylvania foreclosures and how they could put a stop to it. He delivered a statement that referred to the overall mortgage crisis in the country and how it has affected home sales and increased real estate foreclosures.
Short Sale Seems Is The Only Answer to Arizona Foreclosures
26 March 2008The recent spate of Arizona foreclosures have brought life to a standstill for homeowners spread across the state. To ease the situation, a new rule has been passed by the federal legislation, which states that homeowners over-burdened by mortgage payments can get some relief by making a short sale. So far, this was not a law and hence, homeowners across Arizona and in various cities like Tucson, Phoenix, Mesa, Scottsdale, Colorado City, lake Havasu, and Prescott have been subjected to delinquency.
Tennessee Foreclosure Properties Jump Again In January
12 March 2008January was another strong month for foreclosure properties in Tennessee, as the state climbed the rankings to hold the 16th spot among states with the highest rate of foreclosures.
2007 has been a high for Colorado Foreclosures
6 March 2008Colorado foreclosures have shown an upward progression all through 2007 and the trend is expected to continue into 2008. This news comes in the light of fact that the entire nation is plagued with high rate of foreclosures and people are working with lenders and the government to find effective solutions to fight foreclosures.
New York Foreclosures have seen better days
3 March 2008New Yorkers were hit by news in the last quarter of 2007 that said that one of the primary reasons behind a high number of New York foreclosures is dubious fees. As if the high interest rates of mortgage loans were not enough. According to a study conducted by Katherine Porter from the University of Iowa, it was found that most of the mortgages carrier a questionable fee, which can make loan servicing lucrative but foreclosures inevitable.
Georgia Foreclosures rate among the highest
28 February 20082007 has seen a rise in the rate of Georgia foreclosures and this is definitely not the kind of news that Georgia homeowners would like to hear. Having been through a spate of foreclosures in 2006, which increased the number of Georgia foreclosure homes for auction, 2007 was no better. Now there are more bank foreclosures and repo homes for investors than ever before.
