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While some areas of the country continue to cut down their inventory of distressed dwellings, others are coming from a very deep bottom, causing their housing markets to move more slowly toward recovery. Some of the latter are also facing potential supply increases due to shadow inventories.
Continue Reading: Foreclosure Listings Narrowing in Some Areas While Others Face Potential Increases
The U.S. government is reportedly considering a handful of programs designed to prevent more homeowners from losing their properties to foreclosure home listings. Foreclosure relief and bank accountability are just some of the issues touched upon by the proposals.
Continue Reading: Program Aimed at Lowering Number of Homes Under Foreclosure Listings to Be Expanded
Commercial foreclosure listings still pose a problem on the real estate market of Richmond, Virginia. However, the latest program from the U.S. Small Business Administration (SBA) might help prevent the number of commercial foreclosures from further increasing in the metro area. The program, initially instituted in February of this year, will be expanded to cover more small businesses.
Continue Reading: SBA Program Might Help Lower Commercial Foreclosure Listings
Foreclosed dwellings and houses from repossession are not just regular single family homes anymore. A number of high-end properties have been foreclosed on in recent times as the housing market crisis spills over pricier estates and mansions. Recently, an estate in Virginia was sold at a foreclosure auction for over $15 million.
Continue Reading: Houses from Repossession and Foreclosures Include Pricey Properties
Several areas in Illinois are starting to benefit from a federal government-supported program which involves buying a distressed property, renovating it and selling it to low income families. The program is financed by funds provided under the Neighborhood Stabilization Program (NSP) of the U.S. government.
Continue Reading: Distressed Property Flipping Fights Neighborhood Blight in Illinois
Already suffering from considerable supplies of properties under bank foreclosure listings and listings of federal homes for sale, some areas of Texas are also facing rising number of homeowners association (HOA)-related foreclosures.
Continue Reading: Listings of Federal Homes for Sale Are Just Part of the Problem
As the number of foreclosed residential properties increases and the lists of farm foreclosures for sale grow, the level of fraudulent activities involving so-called debt relief businesses also rises in Ohio. According to the Attorney General's Office, the number of complaints against these firms has jumped by almost 200% since the start of the recession.
Continue Reading: Complaints Rise As Home and Lists of Farm Foreclosures for Sale Jump
Although the recession is deemed to be over, economic problems and foreclosure-related issues, such as high levels of foreclosed homes for single families, are expected to spill over onto next year. According to economists from the Indiana University (IU), the weak recovery of the U.S. economy and employment problems will be much the same come 2011.
Continue Reading: Foreclosed Homes for Single Families and Economic Problems Will Go On
LMC Group is exerting efforts to restart stalled subdivision development projects in Wilmington, North Carolina that were hit by the housing market crisis and have lost financing due to the huge supplies of residential foreclosures for sale in the area. The group brings together builders, lenders and property developers to find a way to continue the projects and in turn, improve the condition of the region's construction industry.
Continue Reading: Residential Foreclosures for Sale Hold Back Property Development
Paperwork for some properties under lists of bank foreclosures has been found to be either incomplete or missing, according to some judges in South Carolina who specialize in foreclosure cases. A number of court judges have estimated that one case out of four handled by state courts can have documentation problems.
Continue Reading: SC Judges Find Problems in Lists of Bank Foreclosures Documentation
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