From the monthly archives:

August 2009

Minnesota City Buy Foreclosed Homes for Sale

by Elizabeth Rush on August 24, 2009

Minnesota City Buy Foreclosed Homes for Sale

The city of Princeton in Minnesota has so far purchased two foreclosed homes for sale under its program which aims to rehabilitate distressed properties to prevent them from becoming blights to neighborhoods.

Continue Reading: Minnesota City Buy Foreclosed Homes for Sale

Bank Foreclosed Home Listings in Illinois Rising

by Elizabeth Rush on August 23, 2009

Bank Foreclosed Home Listings in Illinois Rising

Recent market data showed that about 14 percent of home loans in Illinois are delinquent in the second quarter of this year. This means that the number of homeowners who are facing the risk of seeing their properties placed on bank foreclosed home listings rose by 9 percent compared with the same period last year.

Continue Reading: Bank Foreclosed Home Listings in Illinois Rising

New Hampshire Foreclosed Homes Listings at Risk of Growing

by Elizabeth Rush on August 21, 2009

New Hampshire Foreclosed Homes Listings at Risk of Growing

The number of New Hampshire homeowners who defaulted on their mortgage loans increased from April to June this year. This means that many properties are at risk of being placed on foreclosed homes listings before the end of this year.

Continue Reading: New Hampshire Foreclosed Homes Listings at Risk of Growing

Massachusetts Foreclosed Homes List Up in July

by Elizabeth Rush on August 21, 2009

Massachusetts Foreclosed Homes List Up in July

Foreclosure activity in Massachusetts rose by 9 percent in July compared with previous month.But market data showed that July’s foreclosure rate declined by 38 percent compared with the same month a year ago.

Continue Reading: Massachusetts Foreclosed Homes List Up in July

Foreclosed Home Listing Rise as Florida Population Declines

Florida’s population posted a decline not seen since 1946 following the World War II. According to market data, the state’s population dropped by 58,000 in 2008, the first time since a great number of military personnel moved out of the state 63 years.

Continue Reading: Foreclosed Home Listing Rise as Florida Population Declines

Foreclosed Home List Continue to Rise in Nevada

by Elizabeth Rush on August 19, 2009

Foreclosed Home List Continue to Rise in Nevada

Lyon County is one of the areas in Nevada hardest hit by the foreclosure crisis. The foreclosed home list in the county rose last month, contributing to the state’s high foreclosure rate which earned it the top spot in the country.

Continue Reading: Foreclosed Home List Continue to Rise in Nevada

HUD Grants Foreclosed Home Relief to Kentucky Residents

by Elizabeth Rush on August 18, 2009

HUD Grants Foreclosed Home Relief to Kentucky Residents

Troubled homeowners and tenants in Kentucky will be helped by a package of federal disaster assistance announced by the U.S. Housing and Urban Development Department.

Continue Reading: HUD Grants Foreclosed Home Relief to Kentucky Residents

Incentive Program to Reduce Foreclosed Homes for Sale

by Elizabeth Rush on August 18, 2009

Incentive Program to Reduce Foreclosed Homes for Sale

First-time homebuyers are playing a major role on the federal government’s efforts to reduce the number of foreclosure properties across the country and prevent them from becoming blights to neighborhoods.

Continue Reading: Incentive Program to Reduce Foreclosed Homes for Sale

Foreclosure Listings Up, Home Price Drop in Tennessee

by William Dover on August 18, 2009

Foreclosure Listings Up, Home Price Drop in Tennessee

July saw increases in foreclosure listings nationwide and statewide. In Sullivan County, Tennessee, there were 202 bank foreclosures and 18 properties for trustee sales last month. Also, the county posted a 2.78 percent rise in the number of foreclosure properties sold in May.

Continue Reading: Foreclosure Listings Up, Home Price Drop in Tennessee

Foreclosure Lists Continue to Grow in Tri-State Area

by Jason MacDowell on August 17, 2009

Foreclosure Lists Continue to Grow in Tri-State Area

Neighborhoods throughout West Virginia, Maryland and Pennsylvania saw their foreclosure lists grew to a record high for the first seven months of this year.

Continue Reading: Foreclosure Lists Continue to Grow in Tri-State Area