Los Angeles Foreclosures: An Overview (January, 2008)

February 11th, 2009

As per the data released by a leading foreclosure listing agency, Los Angeles foreclosures have seen a rise of 69% in the fourth quarter of 2008 as compared to the same period in 2007. However, in comparison to the third quarter of 2008, there has been a decline of 29%. The number of foreclosure auctions in the third and fourth quarters of 2008 stand at 15,673 and 11,232

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Phoenix Foreclosures: Auctions Galore

February 10th, 2009

While the rising numbers of Phoenix foreclosures continue to bring down property prices; this is being viewed as a good time to buy a cheap home by many prospective buyers within the

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A Brief about Miami Foreclosures

February 9th, 2009

While foreclosure numbers in Miami continue their upward spiral, home buyers within the region have some reason to be happy. The negative impact that the foreclosure problem has had on the prices of homes within the region is being seen in positive light by prospective

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A Brief Guide to Buying Richardson Foreclosures

February 6th, 2009

While the continuing foreclosure problem continues to plague many of Richardson's home owners, buyers in the region are looking at foreclosure affected homes with particular interest. This is because, while median prices in Richardson have fallen on the whole, foreclosure affected homes tend to sell at even cheaper

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A Brief Guide to Buying Atlanta Foreclosures

February 6th, 2009

While Atlanta (like other parts of the nation) continues to battle with the ongoing foreclosure crisis, many financial analysts are of the opinion that the market could witness its bottom point some time in the near future (anywhere in the next 12 months). Promises made by President Obama seem to echo this

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Foreclosed Homes in Michigan: An Overview

February 6th, 2009

Michigan, in 2008, had the 6th highest rate of foreclosure, as per a recently released report by a prominent foreclosure tracking agency. The same report also showed that foreclosure properties increased by 21% when comparing 2008 with 2007. Between 2006 & 2008, that amounts to a 108%

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Foreclosed homes in Maryland: An Overview

February 5th, 2009

While the increasing numbers of foreclosed homes in Maryland is not quite the situation that many home owners wish to associate themselves with, many home buyers within the region are looking at more home foreclosures as more options to choose

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Restriction of the $350 Financial-Rescue Funds and Creation of Foreclosure-Relief Program Mandated by the House of Representatives

February 4th, 2009

Provisions for discharging the remaining financial-rescue funds worth over $350 have been approved by the House of Representatives. This is a crucial move informing the administration of President Barack Obama of how lawmakers want the money

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Foreclosure-Induced Reduced Rates Led to Mortgage Application Outpour

February 4th, 2009

Mortgage applications suddenly soared in the first full week of this year due to the lowest interest rates in more than five years. But the demand for loans must stimulate the home industry to stabilize the foreclosure crisis, since repossession caused this entire ruckus

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Loan Modification: An Aid to Homeowners Facing Foreclosure

February 3rd, 2009

Loan modification is just one of the ways troubled homeowners could use once they cannot afford their mortgage payments anymore. However, this process is quite complicated and is not offered to everyone since qualifications are set by the

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Foreclosures Continue to Make an Impact on House Costs

February 2nd, 2009

The rapid increase in foreclosure properties has greatly affected the house market in Southern California last year. The home price went down to a 5-year low and reached the lowest level of sales in 20 years, said an industry tracker last

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Surge in Foreclosures is One of the Reasons Why 2008 is the Worst Year of All Time for Silicon Valley

January 30th, 2009

The housing market of the Santa Clara district has had the worst year in 2008 due to the biggest yearly percentage dive in the prices of home in no less than two decades, comprising an immobile mortgage market and a rise in foreclosure

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Bay Area Home Buyers Take Advantage of Falling Prices Due to Foreclosures

January 29th, 2009

In December 2008, about half of the 5,171 existing houses sold in San Francisco Bay Area, California were foreclosures. Because of the increase in California foreclosures, home buyers flock to the Bay Area to take advantage of bargain

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Tampa Foreclosures: Tips on Buying From the Home Owner

January 29th, 2009

Many home owners in Tampa are still facing the risk of foreclosure, or are involved in the early stages of foreclosure. While this certainly is not a good time for them, these homes often present probable home buyers some rather good

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Georgia Foreclosures: Are you Experienced?

January 28th, 2009

The data of a recently released report by one of the country's leading foreclosure tracking agency has shown that the filings for foreclosure across the nation have increased an unprecedented 81% in 2008. The same report puts Georgia at the eight spot when it comes to foreclosure filings in

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An Overview on the Current Trends in New Jersey Foreclosures

January 27th, 2009

The New Jersey Housing and Mortgage Finance Agency is all set to administer the Housing Assistance and Recovery Program and the Mortgage Stabilization Program. Mila Jasey, Essex's assembly member, said that with scores of statewide foreclosures in 2008, the State has to do everything it can to try and keep homeowners in their

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Michigan Foreclosure Homes: Auctions Galore

January 27th, 2009

When it comes to foreclosure homes, 2008 saw a number of records being set across the nation; and things in Michigan were no different. Metro Detroit has the distinction of having amongst the country's highest rates of foreclosure, and as per S&P/Case-Shiller's index for prices of homes, there has been a 20.4 percent drop in home prices within the region in comparing October, 2008 with October,

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California Foreclosures: A Brief Overview

January 26th, 2009

A recently released report has shown that eighty seven percent of the homes in Victor Valley, California that were sold in December, 2008, were in some stage of foreclosure. This has resulted in an ongoing decline in the region's homes' median prices; with homes in foreclosure being sold cheaply by banks and asset managers dealing in foreclosed homes, so that their inventories burdens are

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Miami Foreclosures: A Brief (January ’09)

January 23rd, 2009

As per figures released in a recent report, Miami foreclosures increased by 18 percent in 2008's fourth quarter as compared with the third quarter of 2007; however, in comparison with 2008's third quarter, the fourth quarter saw a fall of 10%. Another report showed that when it comes to nationwide foreclosure rates, Miami was ranked at number eight. Fort Lauderdale and Orlando, also in Florida, featured in the top ten as

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Florida Foreclosures: An Overview

January 22nd, 2009

As per recently released figures by a leading foreclosure listings agency, Florida saw a total of 450,588 filings for foreclosure in November, 2008. This, in comparison to a year ago, is an increase by 82%. Filings across the nation during the same period increased at an average of

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