New York Foreclosures Situation to benefit from Bearn Stearns Debacle

June 29th, 2007

According to the New York Times editorial last June 28, the current foreclosure crisis that the state is suffering from may benefit from the Bear Stearns hedge fund debacle. These hedge funds, which almost collapsed a couple of weeks ago, were believed to be tied to numerous subprime mortgages. These mortgages are being blamed for the rise in New York foreclosures rate. And to ensure that there is no danger to the financial system; Congress has [...]

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Foreclosures Situation in Arkansas: Better or Worse?

June 28th, 2007

Arkansas now has the 16th highest foreclosure homes rate in the nation, two places lower from April's result. Upon closer look, the state recorded 87 REOs for that month while for May; there were 235 homes that entered the final stage of foreclosure. Despite the decrease in Arkansas foreclosures rate, many analysts are worried that the situation is in fact,

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Utah Foreclosures Rate Drops

June 27th, 2007

The improving economic condition has resulted to less Utah foreclosure homes. Nationally, foreclosure homes rate has surged by almost 20 percent while the state escaped the trend and posted a negative percent change for the month of May. Since the current house foreclosures situation has been linked to subprime mortgages, it is not surprising that the situation is looking good for Utah. Compared to other states, the subprime lending share of [...]

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Missouri Foreclosures still holds the 17th Spot for May

June 26th, 2007

Although Missouri has the 17th highest foreclosure homes rate in the nation for two consecutive months, the state still experienced a 20.87 percent increase in foreclosures rate compared to April and a whopping 93.32 percent rise from May of last year. Among the many cities, Saint Louis and Kansas are the most hit with most of the Missouri foreclosures coming from the subprime

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Illinois Drops to #13 as National Foreclosures Rate Increases

June 25th, 2007

Not every state experienced the same foreclosure homes trend that swept the nation. Illinois is among the lucky ones, which did not only managed to have any foreclosures rate increase but also enjoyed moving out of the top ten states with highest foreclosures rate. According to the latest foreclosures report released last May, Illinois foreclosures rate is the 13th highest, down 4 places from last April's data, with one filing for every 717 [...]

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California Foreclosure Filings at Highest Level

June 22nd, 2007

After almost ten years, the number of foreclosure filings in California has reached its highest level during the first quarter of this year. Experts are blaming it on flat appreciation, mortgage resets and sluggish sales. Most of these foreclosure filings were default notices that originated from loans taken two summers ago until May last year. Loans that went into default were 15 months old on the average. Most of the primary mortgages in [...]

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May Foreclosures Rate: Florida Climbed to 4th Place!

June 21st, 2007

Suffering from a 51.59 percent increase in foreclosure homes rate from April, the state of Florida comes in at number four for the month of May, with one filing for every 336 homes. The total number of filings for this state reached 21, 704 households. If you compare it to last year, it was a whopping 143.92 percent increase. Almost 17,000 of these Florida foreclosures filing were due to default while 1,521 homes became real estate owned [...]

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Texas Investors Delighted with 15% Foreclosures Rate Decrease

June 20th, 2007

For the months of April and May, Texas boasts of negative foreclosures rates despite the nationwide 14 percent increase. This turn of events could be the signal of more golden opportunities for real estate inventors who have been waiting patiently by the sideline all this time. If market trend continues to increase, these Texas foreclosures will be grabbed from the market immediately before foreclosure home prices go

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Foreclosures Rate of New York Slowed Down by 3%

June 12th, 2007

Comparing the New York foreclosures rate recorded this April to that of last year during the same period, you will observe a 3 percent decrease. But from last March's report, the state's foreclosures rate increased by almost 11 percent. Among the 4,099 foreclosure filings, there were actually just 298 New York foreclosures or real estate owned with the rest in different stages of

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Foreclosures Rate in Wyoming Still Among the Nation’s Lowest Despite 100% Increase!

June 11th, 2007

For April of this year, Wyoming came in at the 46th spot with a foreclosures rate of one filing for every 11,193 households. This month saw 8 Notice of Trustee Sale (NTS) and 12 Real Estate Owned (REO) filings, bringing the total to 20 Wyoming foreclosed homes. The state's foreclosures rate remains one of the lowest in the nation although it has increased by 100 percent compared to last

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Wisconsin Foreclosures Rate Stays Put

June 8th, 2007

Across the nation, foreclosures rate dipped by over 1 percent as the market tries to correct itself from the tragedy brought about by the subprime mortgage market. In states like Washington, Vermont and Wisconsin, foreclosures rate experienced the same fate as most of them brought in less than 2 percent increases. The number of Wisconsin foreclosures filings reached 840 in April with 473 homes receiving Notice of

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West Virginia Still Enjoys Low Foreclosures Rate

June 7th, 2007

Since last year, West Virginia foreclosures rate have considerably increased by almost 250 percent. Surprisingly, the state enjoys a below than national average foreclosures rate, with one filing out of every 4,826 homes. Across the state, subprime mortgage loan products, adjustable rate mortgages in particular, have been blamed for the growing inventory of West Virginia foreclosed

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Nevada’s April Foreclosures Rate Decrease by 21%!

June 6th, 2007

The 1 percent dip in national foreclosure homes rate this April left a huge sigh of relief from real estate experts worried about the after effects of the could-have-been-better foreclosure market conditions. Other states like Nevada even enjoyed a 21. 13 percent decrease in foreclosure activity compared to last month. Although the state recorded just 3,737 homes entering some stage of foreclosure, Nevada still has the top spot in terms of [...]

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Washington Foreclosure escapes the trend set by other states!

June 5th, 2007

According to ForeclosureConnections.com, national foreclosure activity has increased around forty-five percent in overall when compared to year 2006. This information is based on the filings made during the month of March. But, Washington foreclosures has decreased by six percent during the month of April when compared to the previous

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Minnesota foreclosures offer buyers with options and choices!

June 5th, 2007

Home sales slow down in Minnesota and according to real estate industry experts; it is not meaningful to expect any turnaround in near future. Buyers have a great time with real estate market offering many choices and competitive prices. And sellers experience longer time for their home to get sold and may not get the price as

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Indiana scoring 11th rank on national top foreclosure list!

June 5th, 2007

The state of Indiana has been fighting against mortgage foreclosure and stands at eleventh rank in overall foreclosures for realities owned in the country. The state of Indiana along with twenty-one other states is desperately taking measures to minimize the impact of heavy housing downturn. Indiana governor passes a bill offering consultation and assistance to all the defaulted homeowners and those who are likely to do

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Georgia foreclosure ranks sixth during April

June 5th, 2007

Georgia foreclosure bagged 6th rank in foreclosure listing in the month of April 2007 with one foreclosure filed for every four hundred and thirty homes. This is an increase of around 5.5 percent from its previous month, March and an amazing increase of 38 percent from April last year. Georgia foreclosures ranked fourth in the month of March and maintained third rank for earlier several

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Connecticut Foreclosure leapfrogged from 15th rank to 3rd rank

June 5th, 2007

There has been a consistent increase with respect to residential home foreclosures. According to the industry experts, Connecticut foreclosures have increased by 40 percent through April over 2006 same time with a continued trend. The statistics of number of foreclosed homes along with moderate real estate market contribute substantially on spending and residential

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Colorado foreclosure ranks 2nd among all states!

June 5th, 2007

One in every 315 households in Colorado reported foreclosure in April. This is seven percent less than March and a whopping fifty seven percent from April last year. Colorado foreclosures is now ranking 2nd among all

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Michigan Foreclosures On a downward trend

June 5th, 2007

In the month of April the Michigan Foreclosures activity saw a drop of 20%. The total number of house foreclosure filings in the month of April was 6876 which is a 20% drop from the figure in March. The figure is 31% more than the figure reported during the same period last year. Michigan ranked 10th among the US states with one foreclosure filing for every 614 homes. The numbers in April were much better than at the beginning of the year when [...]

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