Archive for 'Foreclosure homes'
Washington Foreclosures Needs a Solution
27 February 2008Washington being the seat of American Parliament seems to be in tatters where foreclosure activities are concerned. Off late there has been an eye raising number of Washington foreclosures, which was high enough to send the Bush administration panicking. Some of the worst affected cities include Newport, Spokane, Seattle, Vancouver, Bellevue and Everett.
An Effective Policy To Fight Maryland Foreclosures
26 February 2008There is good news for Marylanders this year as homeowners might get to see a drop in Maryland foreclosures. So far there have been a high number of Maryland foreclosure homes in different counties like Baltimore, Oakland, Cambridge, Annapolis, Salisbury, Columbia, Bethesda and Silver Spring. The high rate of foreclosures has resulted due to the fact that homeowners have been unable to pay off the mortgage payments on time.
California Foreclosures Have Shot Through The Ceiling
25 February 2008California foreclosures continue their rising spell through 2007 and into 2008. Apart from homeowners, the other people hit are homebuilders. The largest inland homebuilder in California, KB Home, suffered a major setback on Tuesday with its loss spiraling to almost $773 million. This clearly reflects the downsizing that is taking place in the home building industry and can be attributed to the large number of California foreclosure homes.
Steady Rise in Colorado Foreclosure Properties Foreshadows 2008 as Another Hard Year
21 February 2008Colorado foreclosure homes have long been some of the most plentiful in the nation. Over the past few years, the widespread presence of expensive adjustable rate mortgages combined with foreclosure laws on the books that make it very easy for lenders to pursue foreclosures have combined to make Colorado’s foreclosure rate one of the worst in the nation.
A Spike in Michigan Foreclosures
19 February 2008There has been a major spike in Michigan foreclosures in 2007 with the county foreclosures hitting 1,029. Some of the major counties that contributed to the high number of Michigan foreclosure homes in 2007 include Livingston, Grand Rapids, Detroit, Lansing, Flint, Pontiac and Clinton among others. The county that has been the worst hit is Livingston County and it seems like there will be many more foreclosed homes in 2008.
Rate of South Caroline Foreclosures Has Decreased
18 February 2008Here is some relieving news for South Carolina homeowners: the rate of South Carolina foreclosures has actually decreased. Although it is not something that you can have a party for but the truth is that rise in the rate of real estate foreclosures across the nation has shaken the economy.
A Huge Jump in Texas Foreclosures
17 February 2008Bad news for all homeowners – there is a huge jump in the foreclosure rate in Texas. Most of the foreclosure filings have been reported from the Dallas-Fort Worth area where the home foreclosure filings jumped by almost 31%. This has affected Texas foreclosures as it showed the rate being twice the national average. A high number of real estate foreclosures were recorded from the Denton, Dallas and Collin counties.
Virginia Foreclosures Has Damaging Consequences
14 February 2008The good news is that investors can find some of the best deals in the form of Virginia foreclosures and the number of Virginia foreclosure homes in on the rise. Most of the housing advocates across Virginia are bracing themselves for the new wave of real estate foreclosures that might start showing its ugly face in 2008.
Rise in the number of Florida Foreclosure Homes looks inevitable
13 February 2008The year 2007 marked a new chapter in Florida Foreclosures as it went on to record the highest rate of foreclosure with one foreclosure per 719 households. This is bad news because the foreclosure rates were evidently around 2.5 times more than the national average.
Hawaii Foreclosure Properties: A Good Chance to Invest in a Market with Stable Property Values
29 January 2008Hawaii is often overlooked when it comes to foreclosure properties. For starters, a lot of real estate and foreclosure properties news in Hawaii escapes the attention of major media here in the continental United States. Its isolated location and insular market often result in market trends and climates that don’t reflect national trends, and it can sometimes escape the influence of what’s happening in other states.
