by Paul McCain on May 9, 2008
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%.
by William Dover on May 8, 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?
by Elizabeth Rush on May 7, 2008
When the subprime mess started, it was only owners with bad credit scores who were losing their homes to foreclosure. But as the crisis endured, even owners who have good credit scores are now having trouble paying their mortgage dues.
by Jason MacDowell on May 6, 2008
One of the questions that most people ask at one point in their life is whether they are ready to buy a home. Of course, once they have decided that they are financially-ready, the next question is if the timing is right. Most buyers do not realize how many benefits they would enjoy if they would only take time to check out the market and find out if conditions are in their favor.
by William Dover on May 1, 2008
For most people, there is nothing more exciting than buying a home for the first time. It is an unforgettable experience and one should make an effort to avoid rookie mistakes. One classic example is experiencing buyer’s remorse. This results from making a hasty decision without really knowing what is out there. As they say, knowledge is power and having such power will lead you to your dream home.
