Search results for Foreclosures
Foreclosure facts and figures are alarming. The rates have spiked in Triad with exceptional concentrations in Guilford County. UNCG economist Don Jud is conducting researches. From March 2007 to March this year the foreclosure numbers have risen by 11.6% in Triad. It is a rise of 16.5% in Guilford County during [...]
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A startling number of Greater Boston’s most exclusive residential localities are facing a sudden and disturbing upsurge of foreclosure activity. The epidemic that has devastated the real estate market landscape across the country has now not even spared one of America’s wealthiest suburbs like Wellesley, Sudbury, Weston and Newton: all [...]
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Adjustable mortgages are the main culprits in the current foreclosure crisis. If these loans had fixed rates, the amount of the mortgages may be decreasing. Adjustable mortgage are loans that started out with low interest rates. Homeowners were paying for homes that they would ordinarily not be qualified for based on [...]
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Democratic presidential candidate Barack Obama criticized Countrywide Financial Corporation, one of the biggest mortgage companies in the US, for its participation in the current mortgage crisis. He denounced the fact that the company executives will receive millions of dollars while homeowners are forced to sell their homes and workers lose their pensions. Obama stated [...]
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The foreclosure catastrophe urges timely actions and local community is in process with plans and a step to buy empty homes. It is crisis metro cities across the country are confronting, and Cheviot says it wants to take steps that help to stop forsaken homes to lead to stain and scar. As per the survey [...]
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The financial corporation known as Countrywide has recently announced publicly that it will operate and closely work with a community action group. The group known as ACORN, the Association of Community Organizations for Reform now has been known to be against Countrywide for the corporations lack of effort to assist with people facing foreclosure. Now [...]
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On April 15th it was reported that foreclosure filings rose to fifty seven percent and repossessions doubled last month. The repossessions have doubled from last year as more homeowners lost their property and mortgages increased.Over two hundred thousand properties are in foreclosure. This is equal to about one out of [...]
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This month, sheriffs in Philadelphia have delayed the auction of over seven hundred homes at the urging of the city council. In the state of Maryland, officials have increased the time to complete a home foreclosure. In Ohio, over one thousand lawyers have been retained in order to assist homeowners in distress. These are some [...]
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Foreclosure has become almost a curse word today but is unfortunately becoming a very familiar word in today’s real estate market. There are several reasons why homeowners find themselves in this predicament but the important thing to remember is that there are a number of options available and things you can do in order to [...]
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In the past twelve months, foreclosure filings have increased by fifty seven percent and repossessions by banks have risen to one hundred twenty nine percent from last year.In March, default notices, foreclosure filings, bank repossessions, and auction notices have risen by five percent. These figures are led by Florida, California, and Nevada. RealtyTrac, a company [...]
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According to the most recent surveys conducted by Mortgage Research Company,
Ohio ranked a staggering seventh among the top one hundred metropolitan areas that have been a victim of foreclosures. The recent surge in foreclosures cannot be pinned on any one factor rather there are many factors that strived together to [...]
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Last month home foreclosures have increased by fifty seven percent. RealtyTrac reported that across the nation, there haver been over two hundred thousand homes that went into foreclosure. In states such as Nevada, one in one hundred and thirty nine households went into foreclosure. California had over sixty thousand foreclosures. This increase in foreclosures are [...]
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There are many proposals currently in Congress that are trying to address the current housing market problem. A current proposal in congress would allow bankruptcy courts to modify mortgages on residences. Under bankruptcy law, courts can’t modify mortgages on primary homes but that are able to do it on second homes. Bankruptcy means adjusting debt [...]
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Home prices dropped dramatically at the tail end of 2007 and bank seizures of homes doubled last month. This indicates that the slump is housing is getting deeper.
The worst housing decline in more than twenty years is going into a third year. The Office of Federal Housing Enterprise Oversight said that the prices of homes [...]
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John Carney, Lt. Gov.Delaware has demanded $1 million for boosting the state’s programs to help curb the recently increasing number of foreclosure cases within the state. In view of about 2,500 foreclosures during the second quarter of 2007, which excelled the average number of 2,000 foreclosures in Delaware, Carney reacted [...]
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An ever-increasing number of borrowers were unable to pay up or keep up their mortgages. As a result of this, more than 1% of borrowers slipped into foreclosures. 2.2 million fillings were seen in 2007 when US foreclosures jumped up to 75 %. The foreclosure activity sped up in 2007. The sudden increase in foreclosures [...]
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John Baker of Rainbow Group Property Preservation and real estate agent Susan Fecteau are working to get foreclosed homes cleaned up and ready for resale.
Baker who believed cleaning up foreclosed homes would be a simple part time job now works about seventy hours per week. Fecteau does pre-foreclosure counseling and haggles with banks in order [...]
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122 days ago
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