Foreclosure Connections Blog

The issue of foreclosed homes in California has only increased over the years. Since last year, the number of foreclosures within the state has increased by more than 300%. That means, there are three times more California foreclosure homes this year than last year. It is certainly a very difficult proposition, which is giving a lot of bad credit marks to people throughout the state. Going by this figure, there are as many as five hundred foreclosures for sale arriving on the Californian land each day.

(more…)

If the rate at which foreclosure homes appeared in Massachusetts seemed to be depressing in the last year, the rate has only worsened in this year. Actually, the trend has reached a cataclysmic low, with the number of Massachusetts foreclosures doubling since the same period last year. Last year, Massachusetts was at the eighteenth position nationwide based on its rate of foreclosures. However, this year, the rank of Massachusetts on this scale has risen to 11th, making it just above Illinois in the foreclosure rates game. If this alarming trend continues in the state, it will soon overtake other states like Arizona, California, Colorado and Nevada and end up in the top five states as per the frequency of their home foreclosures.

(more…)

Foreclosure has become a major issue in Arizona’s real estate market and a very strong indication of that is found in the various efforts the state authorities are making in helping people who are facing foreclosure issues. One of these efforts is the setting up of a 24/7 helpline to help people on the verge of Arizona foreclosures. A toll-free number connects people with a foreclosure counselor who can provide tips and guidance on how to go about the process with the least amount of damage done. The helpline has been set up at a cost of $1.3 million, which was covered by a federal grant. This only goes to show how concerned Arizona is about the foreclosure problem.

(more…)

The scene is quite common nowadays in Missouri. Empty houses with ‘do not trespass’ signs, or vacant house signs can be seen everywhere. Realtors, home inspectors, and bankers are busy trying to find buyers to sell these foreclosed homes, but business isn’t as good as it used to be.

(more…)

As the foreclosure homes inventory soared for April 2008, the state of Massachusetts is waking up to a new threat unraveled by the astounding rise in foreclosure rates. The foreclosure deeds filed in this month jumped a staggering 187.5% from 2007 and has gained the dubious reputation of being the highest number of deeds filed for any single month since the year 2005, as per the latest figures.

(more…)

According to a report released by RealtyTrac Inc. the foreclosure activity in Missouri State continued to rise in February and almost 3,500 homes were added to foreclosure lists, which is a 47% hike from the same month in 2007. Currently, Missouri is 18th on the Foreclosures by State Ranking and has one per 747 households in foreclosure.

(more…)

Despite Alan Greenspan being optimistic about the bottoming in the housing market over the next few months, folks in Colorado and its capital city, Denver, don’t consider themselves so lucky. Here’s why.

(more…)

Foreclosures know no economic boundaries. Foreclosures know no discrimination. Foreclosures know no boundaries. Or so it seems. The growing count of Tennessee foreclosure homes are proof enough that foreclosure crisis is pervading and uncontrollable, at least as of now. While the number of homes in foreclosures is constantly on the rise in all Middle Tennessee counties, even some of the affluent regions such as Williamson County are witnessing an increase in the percentage of foreclosed homes this quarter.

(more…)

The situation is no different in the first quarter of 2008 as well. The worst hit areas are Hillsborough and Pinellas counties followed by Pasco County. Lenders in the Pasco County have sued almost 211 homeowners in the month of November 2007, which is an increase of 8% since October and an increase of 87% since November 2006. All this is adding to the huge repository of foreclosures by state while homeowners find themselves in desperate situations.

(more…)

According to some of the recent reports, Miami foreclosures have completely overshadowed the South Florida real estate and housing market. As a result of high number of foreclosures in 2008, Miami is ranked second in the country where foreclosures are concerned and Brickell condos have the highest foreclosure rate locally.

(more…)