Foreclosure Connections Blog Articles And Foreclosure Information

Michigan on the receiving side of foreclosure

86 views April 17th, 2008

Most of the Michigan foreclosure homes have been recorded from the Detroit metropolitan area. Detroit, a growing economy has almost come to a standstill because of the high rate of foreclosures. The trouble is that the metro area is also suffering from a slump in the housing market and increasing unemployment. On top of that there is the reset in housing interest rates, which has made it almost next to impossible for homeowners to pay their monthly mortgage amount.

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The foreclosure hit state of Michigan

118 views April 16th, 2008

The state of Michigan is seeing an increasingly large number of foreclosure houses and recorded a rate of one per 455 homes. The total number of filings in February 2007 was 9,287. By the end of the last quarter of 2007, there were 136,205 foreclosure homes for sale reported in the state and 87,210 properties were filed for the percentage change as compared to 2006 was 68.32%. Detroit, once a great city was shattered by the weight of rising foreclosures and to add to its woe is an alarming increase in the rate of unemployment as well as the housing market slump.

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Prime real estate market of Texas hit by Foreclosure storm

70 views April 15th, 2008

Foreclosures have hit Texas like the hurricane Katrina and the only difference is that this loss is much higher. The housing bubble of yesterday has burst leaving in its midst a skeleton of foreclosure homes in Texas. The latest figures show that by the end of January 2008, Texas had recorded 14,698 filings including 5,175 REO’s. 243 Notices of default were issued along with 9,280 notice of trustee sale. As compared to January 2007, the foreclosure rates have dropped but it is only a miniscule percentage and is 0.20%.

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Michigan Foreclosures rose sky high in 2007

74 views April 14th, 2008

Who could have thought that the beautiful state of Michigan with its heart in Detroit will reel under the pressure of foreclosure houses? Yes! The truth is that Michigan has not been spared by the foreclosure storm, which seems to have gripped big and small states, cities and counties in its suffocating noose. The Counties at the top of the foreclosure list are the Livingston and Washtenaw counties. Due to the high number of tax foreclosure homes in both the counties in 2007, the overall economy of Michigan has been badly hit. Not only this, there has also been an increase in outstanding as far as mortgage payments are concerned.

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2008 No different for California foreclosures

182 views April 11th, 2008

Across the state of California, sales of condos and foreclosed houses increased with February 2008 recording 20,513 homes. The median price of the bank foreclosure in California in February 2008 was $373,000, which was 2.6% less than the price in January 2008 and 21% less than the median price in February 2007.

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Controversy Surrounds Foreclosure Prevention Act

232 views April 7th, 2008

Amidst the unveiling of the new Foreclosure Prevention Act, there has been much controversy. The bill was stalled for along time over arguments between Republicans and Democrats in the Senate over certain provisions, and now that argument has become a public one.

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Columbus Foreclosure Homes are a Dream Come True for Many Investors

270 views April 4th, 2008

Whether you are looking to purchase a home for yourself or buying real estate as an investment; Columbus foreclosure homes can be the perfect opportunity. Right now, market conditions are perfect for even first time investors to take get into real estate investing.

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A great time to make your new start

40 views April 3rd, 2008

This is a great time to make your new start. There are many Lubbock foreclosure listings to look at. The economy is still continuing to grow, with the cost of living one of the lowest in the nation. There are many major employers who help provide a diverse group of jobs. Although the population is continuing to grow in this area, traffic is not a major concern. Major locations are easily found by newcomers, and Lubbock has one of the largest railway systems of the nation. Also, state of the art medical centers are found here, with people traveling from other counties for medical care. With four hospitals to choose from, care is always available.

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Raleigh Foreclosure homes Can Help You to Get Into the Home of Your Dreams

92 views April 2nd, 2008

Raleigh foreclosure homes can help make thinking about the price of buying a home a little less scary. We all want to buy the perfect home for our family, but without breaking the bank. Raleigh foreclosure homes can be the perfect choice to make sure you can do that.

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The After Effects of the Economic Storm

512 views April 1st, 2008

That was in 2000 but today things have changed. Seven years later, the average home price in South Florida is almost twice the amount and with it comes many other baggage’s like an increase in property tax.

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