http://www.foreclosure-support.com/wp Foreclosure News, Articles, and Updated Homes Information Fri, 03 Jul 2009 15:18:54 +0000 http://backend.userland.com/rss092 en Home prices will decline by 40 percent in the third and fourth quarter next year as more foreclosed new homes enter the U.S. market, based on a price forecast by Michelle Meyer, economist of Barclays Capital. Meyer predicted that foreclosures will reach their peak levels late next year. The economist based ... http://www.foreclosure-support.com/wp/foreclosure-crisis/home-prices-to-fall-40-percent-as-foreclosed-new-homes-rise-0703710.html Foreclosed housing inventories will reach their highest levels in the third and fourth quarter next year, according to Michelle Meyer, a top economist at New York-based Barclays Capital. Meyer predicted that sales of foreclosed houses and other pre-owned homes will increase next year to 5.41 million, compared to the 4.75 million ... http://www.foreclosure-support.com/wp/financing-and-mortgage/foreclosed-housing-inventories-to-peak-next-year-0703708.html While sales of previously owned homes nationwide increased by 2.4 percent in May from April, sales of lower-priced foreclosed homes for sales and other pre-owned homes priced increased more significantly, although rates varied according to locations. In Maryland, sales of homes priced below $300,000 soared by 41 percent in May. ... http://www.foreclosure-support.com/wp/foreclosure-homes/under-30000-foreclosed-homes-for-sales-in-maryland-soared-0702706.html In forty of the 500 U.S. counties with the highest number of households, the pace of foreclose houses has doubled in April this year, compared to their pace in April last year. Most of these counties are in regions largely protected from the first wave of foreclosures in 2008. In the ... http://www.foreclosure-support.com/wp/foreclosure-crisis/large-job-losses-drive-foreclosed-houses-in-40-counties-0701704.html The decision of Bank of America, one of the nation's largest mortgage banks, to add a liability clause to its short-sale contract could push more foreclose homes for sale into the market. BofA expanded its short-sale contract and added a clause that would make homeowners liable for the difference between the ... http://www.foreclosure-support.com/wp/foreclosure-homes/bank-of-america-could-push-more-foreclosed-homes-for-sale-0701700.html Florida lawyers working for homeowners facing foreclosures have been advising their clients to remain in their houses while the foreclosure process is carried out. The lawyers explained that there are several benefits of remaining in the homes and not walking away immediately. The lawyers said that the lenders could be forced ... http://www.foreclosure-support.com/wp/foreclosure-crisis/florida-lawyers-work-to-defer-foreclosures-0630698.html In all previous recessions, sales of new homes, foreclosures homes and other existing homes jumped up and down by roughly the same proportion, according to housing economists. But in this current recession, sales of new homes have fallen far more significantly than sales of foreclosures homes and other existing homes. The result, ... http://www.foreclosure-support.com/wp/foreclosure-homes/sales-trends-for-new-homes-and-foreclosures-homes-0630694.html Prospective home buyers looking at Phoenix as a retirement or investment area or as a base for their families should make their purchases now from Phoenix's foreclosed home list inventories, according to analysts of residential real estate sales in Phoenix. The analysts found that the average foreclosed home list prices and ... http://www.foreclosure-support.com/wp/foreclosure-homes/buy-now-before-phoenix-foreclosed-home-list-prices-creep-up-0629689.html The prices of foreclosed houses for sale and non-foreclosure homes dropped in Las Vegas and in California in May, compared to prices in May 2008, based on real estate price studies in California and Nevada. Due to large inventories of foreclosed houses for sale, the median sales price for ... http://www.foreclosure-support.com/wp/foreclosure-homes/prices-of-foreclosed-houses-for-sale-in-ca-nevada-down-0626683.html Three-decker homes have long been regional emblems in New England. They are fixtures in the landscapes of various New England cities, including Boston and Worcester in Massachusetts and Providence in Rhode Island. But now, as the foreclosure crisis continues on its path of destruction, a growing number of three-decker homes are ... http://www.foreclosure-support.com/wp/foreclosure-crisis/three-decker-homes-on-reo-property-listings-0625679.html