From the monthly archives:
An estimated 65 to 75 percent of homeowners whose mortgage loans were modified to save them from foreclosed home listings are expected to redefault within a year, according to studies by New York City-based ratings firm Fitch Ratings.
Continue Reading: 75 Percent Avoid Foreclosed Home Listings but Will Redefault
The nation’s economy will start to recover from the effects of foreclosed home list inventories in the next several months of 2009, according to a survey of 45 economists who are members of the National Association for Business Economics.
Continue Reading: NABE Sees Recovery from Foreclosed Homes List Inventories
Pulte Homes Chief Executive Officer Richard Dugas believed that the bank foreclosure list is nearing its end and he could steer his home building company towards recovery after suffering over $500 million in losses due to the housing market crisis.
Continue Reading: Pulte CEO: Bank Foreclosure List is Nearing Its End
The continued rise in foreclosed home inventories in many areas across the country has hindered recovery efforts by homebuilders, real estate businesses, investment banks and other companies involved in the housing industry.
Continue Reading: Foreclosed Home Inventories Hinder Housing Market Recovery
The foreclosed homes list reduction program launched in 2008 by New York Governor David Paterson has been criticized by New York Senator Jeffrey Klein and State Assemblyman Hakeem Jeffries and by the community organization New York Acorn.
Continue Reading: New York Foreclosed Homes List Reduction Program Criticized
Southern California registered a 31.4 percent increase in its home sales last month compared with year-ago figures. However, the continuous decline of prices of properties at foreclosed home listing has also severely affected the overall housing market prices.
Continue Reading: Low-Priced Foreclosed Home Listing Affects Home Prices
Distressed homeowners trying to save their properties from being placed on a foreclosed home list is faced again with yet another obstacle in achieving financial recovery and security. Unscrupulous people and companies offering bogus foreclosure prevention services are growing in numbers every day.
Continue Reading: IRS Guidelines to Avoid Bogus Foreclosed Home List Prevention
A bill to help cut down the number of foreclosure VA and other foreclosure homes in Nevada has been introduced by Assembly Speaker Barbara Buckley in the state legislature.
Continue Reading: Nevada Cuts Down Foreclosure VA and Other Foreclosure Homes
Many analysts are saying that the first wave of forclosure homes for sale were the results of high-rate high-risk subprime lending and the second wave of foreclosures are being caused by rising unemployment rates.
Continue Reading: Joblessness and Foreclosure Homes for Sale: Is There a Link?
Foreclosed homes HUD is increasing in numbers every day, leaving lenders with more abandoned and vacant properties in their inventories. The increase is particularly felt by government-sponsored enterprises Federal Home Loan Mortgage Corp. or Freddie Mac and Federal National Mortgage Association or Fannie Mae.
Continue Reading: Foreclosed Homes HUD Inventory Rising
It seems that Florida’s foreclosure problem is far from over. In its April report, RealtyTrac said that Florida ranked number 2 among states with the highest number of foreclosed home for sale.
Continue Reading: Florida’s Foreclosed Home for Sale Still at the Top
Distressed homes owners can now heave a sigh of relief. The Ohio House has passed HB3 which would delay bank forclosures for sale in the state for six months. Also included in the bill is the new foreclosure filing fee of $750 to help fund foreclosure-prevention counseling.
Continue Reading: 6-Month Moratorium on Bank Forclosures for Sale in Ohio
You are currently browsing the Foreclosures Blog – Foreclosure Listings Nationwide weblog archives for May, 2009.