Foreclosure Connections Blog Articles And Foreclosure Information

Is This The Right Time To Invest In Huston Realty Market?

2,176 views July 7th, 2008

If you stay in Huston, and are sitting on a pile of cash waiting for a right investment opportunity to present itself and grab your attention, it’s time to get into action. The Huston market is looking ripe for investment and residential realtors are opining that there is no better time than NOW to invest in foreclosure homes in Huston. Thousands of investors are getting their hands on Houston foreclosures due to the real estate crisis.

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The Devastating Effects Of Foreclosure Reverberating Through The Missouri Housing Market

190 views July 4th, 2008

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.

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Rapidly Increasing Phoenix Foreclosures Overtake Tucson

1,140 views July 3rd, 2008

On foreclosures by state basis, Arizona ranks #3 for the highest rate of foreclosed houses and had 27,404, which work out to be one foreclosure per 95 households. The single largest contributor to these escalated numbers are Phoenix foreclosures that account for 84% of the entire state’s mortgage defaulters with one foreclosure filing for every 70 Phoenix households. Moreover, Phoenix now ranks as the 7 city with the highest foreclosure rate in the nation.

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Low New York Foreclosure Rate Indicates Homebuyer Judiciousness

416 views July 2nd, 2008

While the frequency with which foreclosed homes are appearing in other states, New York has a very insignificant number of foreclosures for sale. Almost every state has a high propensity of people failing to keep up with mortgage payments on their homes which results in the homes ending up in the foreclosed market, but the situation in New York begs to differ. Even the metro areas of New York where it must be expected to have a high foreclosure rate, following the rates in other states, show low incidences of foreclosed houses.

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Foreclosures In North Carolina Are Arriving At A Low!

416 views July 1st, 2008

Just when it had become quite apparent that the North Carolina foreclosures would proceed to rank right up there with the top five states in the nation, abruptly, the number of foreclosed homes in the state has come to a lull. The good news is that this number is also slowly on the decline. The reducing number of North Carolina foreclosures is now indicative of North Carolina pulling out of the high-risk-for-foreclosure league of states.

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The Great Rise Of The Foreclosure Rate in California

328 views June 28th, 2008

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.

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Foreclosure Frequency In Massachusetts Rises 200%

352 views June 27th, 2008

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.

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Arizona’s Efforts To Help Homebuyers Facing Foreclosure Problems

662 views June 25th, 2008

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.

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The Devastating Effects Of Foreclosure Reverberating Through The Missouri Housing Market

2,084 views June 20th, 2008

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.

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Is 2008 Going To Be One Of The Worst Years For Foreclosures In Massachusetts?

408 views June 19th, 2008

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.

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