Difficult Times For Tampa Homeowners

June 9th, 2008

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 [...]

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Foreclosure Rates Higher in Brickell condominiums

June 6th, 2008

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

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Disturbing Trends Of Illinois Foreclosures

June 3rd, 2008

Heightened house foreclosure activity in Illinois has been disturbing the residents of the state. From Chicago to Cook County to Kane County, the number of foreclosed homes has been increasing at a faster rate than expected. So much so that Chicago's foreclosure rate has achieved one of the top five ranks on America's largest metropolitan regions

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Growth of crisis in the UK housing market

June 2nd, 2008

The UK has been hit by a similar housing crisis that it is affecting the US. Specialists have predicted that if the crisis is not stopped at the beginning it could be far worse than the US foreclosure crisis, as the British economy is more reliable on the real estate

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Indian Real Estate Benefiting From US Crisis

May 30th, 2008

The whole crisis in the US is giving hope to India. America is the number one outsourcer of India's IT/ITeS business, and recent reports are showing that due to the cheap labor in India and the economy crisis that has hit the US by the high oil prices and the foreclosures recession, American companies are now moving whole sectors and operations to

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Georgia Foreclosure Rates At An All-Time High Push The State to #8 Nationally!

May 29th, 2008

February statistics for foreclosure filings in Georgia were 7,631 including all homes in foreclosure such as ones that were sent default notices, or had been repossessed by the bank/lender, and had been sent the notice for auction sales. The fact that this number was lower by 28.5% as compared to January 2008's filings was only remotely encouraging, because it was almost 5% higher than the number reported in last year February. The [...]

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Lobbying affecting resolution of real estate crisis

May 29th, 2008

America is facing one of the biggest real estate foreclosure crisis ever and some have even compared the crisis to the great recession. The auto industry, builders, homeowners, lenders and students got hit by the crisis, and yet no resolution seems to be taken by the government. It looks as if the government is waiting for something to act, and why is that? Elections of

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Auto sales affected by housing crisis and high oil prices

May 28th, 2008

The foreclosure crisis, which includes government foreclosures homes, has affected thousands of homeowners, lenders, builders, as well as students who cannot qualify for student loans due to the high standards posed by mortgage companies. It seems that now its time for the auto industry to be affected by the real estate foreclosure crisis. With banks and auto lenders tightening their loans and worried of getting caught by the recession, hundreds [...]

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Health Risk By Abandoned Homes Rise With Crisis

May 27th, 2008

As a result of the current real estate foreclosure crisis many lenders have repossessed more homes that they could afford, and as a result many homes are abandoned and vacant. The average rate of vacancy in the US is now at 3 percent and the problem is not only affecting lenders but are affecting the health of thousands of neighborhoods across the country. Recent reports show that many vacant homes are presenting health risks including many [...]

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The future of home financing

May 26th, 2008

The current real estate crisis in America is far from over and it is affecting thousands of lenders, neighborhoods, the building industry and especially home owners. But the effects of the crisis are even worse the present problems. Homeowners that are going through foreclosure today will suffer even more in the future by the bad credit, and most of them will have to wait five years to be able to get a new mortgage. The current foreclosure [...]

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Foreclosure Statistics in Miami-Dade County

May 24th, 2008

Bank foreclosed home is one of the biggest nightmares for any homeowner and Miami seems be reeling under a long spell of foreclosure nightmare. Foreclosures in the state of Florida started to rise since 2005 and since then it has been taking huge leaps every year and here are some comparison statistics for

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4 arrested in San Diego Scam

May 23rd, 2008

San Diego police arrested four people related to a gigantic foreclosed home scam that tricked 400 home owners into paying rents and fees to a San Diego based group. The scam was based on a false foreclosure rescue plan where home owners would pay a fee to the company with the promise of help on getting their homes back, but the company did nothing to prevent the

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Housing Foreclosures Hit Maryland

May 23rd, 2008

Due to the rise in the number of Maryland foreclosure homes, suddenly there is an alarm amongst the state senators who are now trying their very best to protect the homeowners in the state from the crisis related to the sub-prime mortgage. Now the political think tank has started to look for various avenues and is thinking about implementing new laws, which will be able to save homeowners from this mega-wave of foreclosures by

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Foreclosure Crisis Causing Domestic Violence

May 22nd, 2008

The current mortgage crisis has been already compared to the great depression, and it is affecting thousands of lenders, homeowners, the building industry and even giants of the home industry such as Lowe's and Home Depot. But recent reports had shown that the foreclosure crisis is not only causing people to lose their homes, but also their marriages and their families. The devastation trend starts when the owners cannot afford to their [...]

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Lowe's And Home Depot Hit By Crisis

May 21st, 2008

It was predicted that Home Depot (HD) and Lowe´s (LOW) would get hammered by the housing crisis. But not as hard as they thought. With the rising oil, rising food prices and the real estate foreclosure crisis, customers are not buying at

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Iowa investor banned from making business

May 20th, 2008

John Davis, a Des Moines real estate investor has been banned from making real estate businesses in Iowa. The Polk Country District Court banned Davis from selling, renting, lease or invest on the states real estate

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Waterford Speedbowl Nascar property on Foreclosure Again

May 19th, 2008

According to the state judicial website, the individuals that helped saving the Waterford Speedbowl's ownership group from foreclosure last supper are the ones taking the Speedbowl property to foreclosure auction. Peter Borelli and Rocco Arbitell helped the ownership group, when the Washington Mutual Bank was preparing to put the Speedbowl property 1080 Hartford Road in auction last

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Clinton Says that McCain’s economy policy plan is simply out of touch

May 19th, 2008

Sen. Hillary Clinton attacked the future Republican nominee Sen. John McCain, on his foreclosure crisis plan and economic policy. According to Sen. Clinton, MCCain's economic plan policy boiled down to this: "Don't just continue driving our nation in the wrong direction. Put your foot on the accelerator and gun

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Foreclosure Company Hits The Wrong Home!

May 16th, 2008

The Field Asset Services (FAS), a company that works together with lenders and banks to prepare homes that are in foreclosure for sale, has hit the wrong unit on a condo in Stockton, CA. FAS was supposed to inspect the unit 232, and instead they entered and re-keyed unit 2 where Ruth Anderson

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Google maps now offering real estate search

May 15th, 2008

Google introduced a new feature in real estate search option in Google Maps. The feature can be found on the homepage of Google Maps, by clicking on the My Maps

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