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The American dream of homeownership took a back seat when the mortgage industry suffered a meltdown in 2005. In response to the millions of delinquent loans, regulators reviewed lending practices and worked with lenders to tighten the guideline to prevent another collapse. The consequence of such tightening is a huge decline in homeownership
Continue Reading: Homeownership Within Reach, Thanks to Foreclosed Properties
Foreclosure property listings have been boosting the business operations of Fort Myers, Florida-based property preservation company Florida’s Finest Industries. The firm cleans, secures, protects and repairs foreclosed properties in Lee County and other parts of the state.
Continue Reading: Foreclosure Property Listings Boost Preservation Firm
The large number of low-priced foreclosed properties in Santa Clara, California has cut down the growth of property values in the county as of January 1, 2009, based on a report released by the county this week.
Continue Reading: Foreclosed Properties Cut Santa Clara Value Growth
Among the reasons given for the continued rise in number of foreclosed properties are unemployment, subprime lending, adjustable-rate lending and difficult family circumstances such as divorce or hospitalization. Another major reason is negative equity – home value is less than loan amount. Borrowers who have negative equity, sometimes known as underwater borrowers, often decide to [...]
Continue Reading: Negative Equity Driving the Rise in Foreclosed Properties
On September 19, a foreclosed house in the Healy Block Historic District in Minneapolis was burglarized. The house is situated in the neighborhood that features Queen Anne-style houses built by Thereon Potter Healy. Most of the houses feature decorative balustrades and curved and stained glass windows.
Continue Reading: Thief and Vandalism on Minneapolis Foreclosed Properties
What is there to like about foreclosed properties? There are, in fact, many things to like about foreclosed properties. But first, let’s talk about what foreclosed properties are. Foreclosed properties are houses and properties of all kinds that have been foreclosed on by the bank or lender than financed the mortgage loan. There are various reasons that people end up with their house in foreclosure. While it is a sad thing for the homeowner, it is an opportunity for a buyer or real estate investor to save some money on the purchase of these foreclosed properties.
Continue Reading: Foreclosed Properties – What Is There To Like About Them?
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