Although most loan officers in Nevada are confident that the local housing market will pick up, the rest is worried about the increased activities in the subprime mortgage industry. For the first half of the year, the number of Nevada foreclosure homes has remained to be the highest in the nation, with one filing for every 40
Continue Reading: The Number of Nevada Foreclosure Homes Worry Loan Officers
As California foreclosure homes in San Diego County continue to climb at an alarming rate, ForeclosureConnections.com is reporting a record high in the inventory of foreclosure homes available in the area over the past few
Continue Reading: San Diego County Experiencing Record Foreclosure Growth
The dramatic increase in Florida foreclosures rate over the last year has made the Florida Association of Mortgage Brokers worried. The organization believes that the licensing requirements for mortgage brokers are not difficult enough. With the thousands of Florida foreclosure homes in the market, these mortgage brokers have played a major role in the current market
Continue Reading: High Florida Foreclosure Homes Rate: Blame Easy Licensing Requirements
Speculations abound as the nation wonders about the fate of the foreclosures situation. In Utah, however, many owners are now able to pay their mortgages, effectively stopping their lenders from initiating foreclosure proceedings. Lenders are quite relieved with this especially because they no longer have to waste money on expensive foreclosure costs. Although there are still quite a number of Utah foreclosure houses for sale, market conditions [...]
Continue Reading: Number of Utah Foreclosure Homes Drop
The number of Michigan foreclosure homes has been rising steadily over the last couple of years. The state's mortgage problems have become so widespread that local residents have started to worry about the effects on home prices. Despite the seemingly grim outlook, experts are confident that the Michigan housing market can weather the current conditions. After all, the lows, in-betweens and highs of the market have been
Continue Reading: Michigan Foreclosure Homes: Offering Buyers More Advantage
When foreclosure rates started rising soon after the housing boom a couple of years back, many real estate experts thought that it was not something to worry about. When ARMs started resetting, the number of foreclosure filings began to increase as well. And when there were over one million foreclosure homes recorded in 2006, experts finally admitted the America has a nasty foreclosure
Continue Reading: New Hampshire Foreclosure Homes Offer Golden Opportunities
Now that half of the year is over, real estate experts are wondering whether the foreclosures situation in Oregon will continue improving or turn for the worse. In Portland, for example, home prices have actually risen by 8.9 percent making many sellers anxious to sell. On the other hand, buyers are leisurely sifting through the large inventory of Oregon foreclosure homes, waiting patiently for the right time to
Continue Reading: Foreclosures Situation in Oregon Improving
Despite efforts to control the worsening foreclosures situation in the country, the number of foreclosure filings for the first half of 2007 reached an all-time record high. There were a total of 926,000 foreclosure filings, up by 56 percent when compared to last year. In the states of Florida and California, home prices dropped by more or less 25 percent while in Michigan and Ohio, thousands of people in the automotive industry lost their job, [...]
Continue Reading: US Foreclosures Rate Reached New Records
So you are thinking of investing in a little real estate. You have some cash, and you know you can get a line of credit at the local bank, the local mortgage company will love you, your credit score is above 700 points. At the Golf Club you have been mulling it over with your mates for months. In fact you get that feeling they are getting more than a little bored with the subject. Maggie just switches off now when you try to discuss the pros and [...]
Continue Reading: Call to Action, would-be investor in Foreclosure Homes!
When the June data for the national foreclosures rate came in, many were relieved since there was a drop in the number of foreclosure filings. Unfortunately, this relief may be short-lived. Many of the subprime loans taken out a couple of years ago are scheduled to reset this year, resulting to yet another surge in
Continue Reading: National Foreclosures Rate Drops in June, Will Surge Again
The high foreclosures rate experienced nationwide is attracting a lot of undesirable individuals and companies offering their help. When the number of foreclosed homes soared early last year, the number of owners being taken advantage of by foreclosure rescue scammers also increased. If you are struggling with your mortgage payments, you should not leave yourself gullible to the promises of these people. Knowledge is the key and here are some [...]
Continue Reading: Protect Yourself from Foreclosure Rescue Scams
Despite a thriving local economy, Atlanta has one of the highest foreclosure homes in the nation, leading experts to fear similar problems in other U.S.
Continue Reading: Increasing Rate of Foreclosures Upsets Atlanta (New York Times)
With its rolling hills, lakes and rivers, a rural retreat is attracting more and more buyers eager to escape city life. More: continued here More Resources: Foreclosure Properties Tennessee Foreclosure Homes Forclosure Homes in Orlando Foreclosure Homes in Houston Atlanta Foreclosure Homes Florida Foreclosures
Continue Reading: Battling to Keep the Country in the Texas Hill Country – Foreclosure Homes Listings
According to the New York Times editorial last June 28, the current foreclosure crisis that the state is suffering from may benefit from the Bear Stearns hedge fund debacle. These hedge funds, which almost collapsed a couple of weeks ago, were believed to be tied to numerous subprime mortgages. These mortgages are being blamed for the rise in New York foreclosures rate. And to ensure that there is no danger to the financial system; Congress has [...]
Continue Reading: New York Foreclosures Situation to benefit from Bearn Stearns Debacle
Arkansas now has the 16th highest foreclosure homes rate in the nation, two places lower from April's result. Upon closer look, the state recorded 87 REOs for that month while for May; there were 235 homes that entered the final stage of foreclosure. Despite the decrease in Arkansas foreclosures rate, many analysts are worried that the situation is in fact,
Continue Reading: Foreclosures Situation in Arkansas: Better or Worse?
The improving economic condition has resulted to less Utah foreclosure homes. Nationally, foreclosure homes rate has surged by almost 20 percent while the state escaped the trend and posted a negative percent change for the month of May. Since the current house foreclosures situation has been linked to subprime mortgages, it is not surprising that the situation is looking good for Utah. Compared to other states, the subprime lending share of [...]
Continue Reading: Utah Foreclosures Rate Drops
Although Missouri has the 17th highest foreclosure homes rate in the nation for two consecutive months, the state still experienced a 20.87 percent increase in foreclosures rate compared to April and a whopping 93.32 percent rise from May of last year. Among the many cities, Saint Louis and Kansas are the most hit with most of the Missouri foreclosures coming from the subprime
Continue Reading: Missouri Foreclosures still holds the 17th Spot for May
Not every state experienced the same foreclosure homes trend that swept the nation. Illinois is among the lucky ones, which did not only managed to have any foreclosures rate increase but also enjoyed moving out of the top ten states with highest foreclosures rate. According to the latest foreclosures report released last May, Illinois foreclosures rate is the 13th highest, down 4 places from last April's data, with one filing for every 717 [...]
Continue Reading: Illinois Drops to #13 as National Foreclosures Rate Increases
After almost ten years, the number of foreclosure filings in California has reached its highest level during the first quarter of this year. Experts are blaming it on flat appreciation, mortgage resets and sluggish sales. Most of these foreclosure filings were default notices that originated from loans taken two summers ago until May last year. Loans that went into default were 15 months old on the average. Most of the primary mortgages in [...]
Continue Reading: California Foreclosure Filings at Highest Level
Suffering from a 51.59 percent increase in foreclosure homes rate from April, the state of Florida comes in at number four for the month of May, with one filing for every 336 homes. The total number of filings for this state reached 21, 704 households. If you compare it to last year, it was a whopping 143.92 percent increase. Almost 17,000 of these Florida foreclosures filing were due to default while 1,521 homes became real estate owned [...]
Continue Reading: May Foreclosures Rate: Florida Climbed to 4th Place!
