Archive for March, 2007
Idaho Experiences Decrease in Foreclosures Rate
Thursday, March 29th, 2007Idaho closed 2006 with a below national average foreclosure rate. Ranked number 24 among the states with the most number of foreclosure filing, Idaho seem to present more possibilities for sellers. If you are a homeowner facing Idaho foreclosures, there is hope for you yet.
Relaxing with Hawaii Foreclosures
Monday, March 26th, 2007Looking for a retirement property is challenging. Current home prices are quite high and you would not want to spend all your retirement money on a real estate property. Instead of buying a brand new home, why not invest in one of the amazing Hawaii foreclosures?
Number of Florida Foreclosures Still Increasing
Friday, March 23rd, 2007As of the end of 2006, Florida foreclosures rate remains high compared to 2005’s rate. Among the counties, which experienced a considerable increase, are Hillsborough, Pasco and Pinellas. The Mortgage Bankers Association of Florida is also blaming the relaxed lending guidelines that were practiced during the housing boom of 2003-2005.
Arizona Foreclosures Condition: Better than Other States
Thursday, March 22nd, 2007Compared to the nation’s 4.95% and region’s 3.88% mortgage delinquency rate, Arizona’s is at 3.51%, according to the Mortgage Bankers Association. This figure was based on the Arizona house foreclosure rate in the fourth quarter of 2006. The city of Tucson posted a below national average subprime market share, which could be the reason why there are less Arizona foreclosures.
Michigan Foreclosures Rate: Still Among the Highest in the US
Tuesday, March 20th, 2007After two years, foreclosure rates in the United States are still at an all-time high. The reversing trend which began in early 2005 has yet to stop. At the end of 2006, nearly 1.3 million homes were recorded to have entered some stage of foreclosure. The state of Michigan was ranked second among the states with high foreclosure rates. As the year 2007 was ushered in, the rising Michigan foreclosures rate does not show any sign of slowing down.
Should You Invest in Delaware Foreclosures?
Monday, March 19th, 2007Even as the whole nation reels from the continuing rise in foreclosure rates, it looks like Delaware will not be spared. The current large inventories of Delaware foreclosures are expected to grow even bigger as homeowners with subprime mortgages suffer from the re-setting rates. The housing boom, which ended late 2005, was said to have been the time when mortgage fraud and predatory lending practices became prevalent.
California Foreclosures Highest in 8 Years
Sunday, March 18th, 2007Last year was a surprising year for the California foreclosures market. 2006 ended with the highest foreclosure rate experienced in the past eight years. From October to December alone, almost 37,273 homes entered some stage of foreclosure. This figure actually represented an unbelievable 145.3% increase from 2005 Q4.
Alabama Foreclosures Market in 2007
Thursday, March 15th, 2007The numbers are in. The number of Alabama foreclosures has increased by an amazing 500%, according to a report published by Realty Trac Inc. Current high foreclosure rates can only be blamed to the re-setting subprime mortgage loans. Predatory lenders who relaxed loan approval requirements during the housing boom are considered to be the culprits in this current situation.
Fannie Mae Foreclosures Basics
Tuesday, March 13th, 2007As a first time buyer, you might be surprised that there are foreclosure properties in the possession of an institution named Fannie Mae. If you do not know it yet, Fannie Mae or the Federal National Mortgage Association is an actively-traded private company that provides mortgage assistance to all Americans all over the nation. They do not directly loan borrowers the money but they help by making sure that lending institutions have enough funds for the borrowers.
Looking for Bank Owned Properties For Sale
Monday, March 12th, 2007The rising cost of living has made home buyers prefer the potential of bank owned houses for sale. These properties was repossessed from owners by banks for failure to fulfill mortgage payment obligations. Sold at a fraction of their original prices, bank owned foreclosures are great investments.
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