From the monthly archives:
Highlighting the low demand and sluggish market that have been plaguing Michigan for most of the past few years and contributing to its sinking property values, the amount of property sales in the Kalamazoo area fell again in April for the fourth consecutive month. However, the rate at which homes sales are declining is slowing, which may signal the beginning of a turnaround in the market.
Continue Reading: Home Sales Dropping, But Officials in Kalamazoo Michigan Optimistic
With the occurrences of foreclosure scams on the rise in the wake of the rising number of homeowners in distress, federal authorities are vowing to crack down hard on those who would attempt to profit on the misfortune of others. When homeowners are in danger of facing foreclosure, many of them become desperate to try anything to avoid the outcome of a foreclosure sale, and as a result, scam artists are popping up all over offering to provide help and then only taking the homeowners for all that they can and leaving them worse off than when they started.
The typical scam begins when a homeowner is in danger of foreclosure. Posing as a foreclosure consultant or under company names such as “Home Savers”, foreclosure scam artists will approach homeowners and offer to help them save their property through any number of false means, such as providing a new loan. The homeowner will then be tricked into signing paperwork which in effect signs away their rights to their property.
Continue Reading: Incidences of Foreclosure Scams Rising
For the CEO of Fannie Mae, the housing crisis is only halfway through. In fact, in a meeting with shareholders, President Daniel Mudd stated that home prices are likely to decline further, by as much as 25 percent.
Continue Reading: “Declining home prices, not over” – CEO (Fannie Mae)
It can not be denied that today’s market favors buyers over sellers. In fact, home inventories are quite large, especially if you consider the millions of homes that entered some stage of foreclosure in the last couple of years.
Continue Reading: Buying Foreclosures Sensibly
For the month of April, Florida grabbed the fourth spot among the states with the highest foreclosures rate. It recorded a total of 35,264 foreclosure filings – a 146 percent increase from last year.
Continue Reading: Savvy Buyers NEED Miami Foreclosure Listings
The latest victim in the foreclosure crisis proves that it isn’t just lower income families or subprime mortgage borrowers losing their homes to foreclosure. Jose Canseco, the former baseball superstar turned scandal-maker for his exposure of sterois use in major league baseball, announced Thursday that he had given up his 7,500 square foot Los Angeles mansion to bank debt seekers due to foreclosure.
Continue Reading: Ex-Baseball Star Jose Canseco Loses Home to Foreclosure
During the first quarter of 2008, the Riverside-San Bernardino area of California experienced the second highest foreclosure rate of any other metropolitan region in the country, according to reports. The area has long been a leader in the foreclosure rate category, but new statistics show that the first part of the year vaulted the local foreclosure inventory to new heights.
Continue Reading: Stockton, San Bernadino Two Highest Metro Foreclosure Rates in First Quarter
In a research poll conducted by CNN, it was revealed that the American public is split on whether troubled homeowners deserve special treatment. About 1,008 adults were interviewed via the telephone from the period of April 28 to 30.
Continue Reading: Poll Results Show Americans Split on Bailout Program
Results of the economic crisis in the country, foreclosed homes have become the casualties forcing millions of people to abandon their homes and seek shelter somewhere else. Some experts believe that repo homes are a direct outcome of the action taken by financial institutions to recover their loaned amount to their customers.
Continue Reading: What Can You Do When Faced With Foreclosure?
Miami, Florida is a city of amazing weather, gorgeous beaches and thriving economy. Although the state has one of the highest foreclosures rate in the nation, it is still not surprising that many people are interested in owning Miami real estate. Real estate properties in this city are considered to be worthwhile investments and you will never regret your decision to buy one.
Continue Reading: Miami Foreclosure Listings: Buyer’s Best Friend
Rising foreclosures! More foreclosures! Foreclosure hits all time high! These are the kind of headlines that you will get to see more often. A 57% jump in January 2008 from January 2007 is a fact. There are several states that have recorded some huge jumps in bank foreclosures in the last few quarters. For example: Rhode Island saw a huge increase in foreclosure filings recorded to be 279% while Maryland saw a spike of 430% and Virginia was almost at the top of the government foreclosures list with 634%.
Continue Reading: Another jump in Foreclosures in 2008
December 2007 ended with 45,327 homes being repossessed by banks and January 2008 started with a jump of 57% on bank foreclosures across the nation. In total, the number of homes affected by foreclosure in January was 233,001, which is a straight increase of 8% since December 2007. The good element in an otherwise depressive state of affairs was that the month-to-month filings have not shown any rapid appreciation. But the question is: is that good enough?
Continue Reading: January 2008 starts with a 57% jump in Foreclosures
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