From the monthly archives:

August 2009

Foreclosed Homes Listings Continue to Grow Last Month

by William Dover on August 13, 2009

Foreclosed Homes Listings Continue to Grow Last Month

Whoever said that the housing market in California is nearing its bottom may be surprised to learn that foreclosed homes listings in the area continue to grow last month, particularly in the Los Angeles County.

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Foreclosed Home Listings on the Rise in West Virginia

by Elizabeth Rush on August 13, 2009

Foreclosed Home Listings on the Rise in West Virginia

A report by West Virginia‘s Division of Banking showed that the state’s foreclosed home listings continue to rise this year. The report noted that majority of loan defaults posted this year were accounts by out-of-state banks.

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Foreclosed Home List Growing in a Utah City

by Elizabeth Rush on August 12, 2009

Foreclosed Home List Growing in a Utah City

Home foreclosures are spreading quickly across the metropolitan area of St. George in Washington County, Utah. The foreclosed home list in the city is one of the fastest growing across the country.

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Job Losses, Foreclosed for Sale Prices Push Negative Equity

Nearly 25 percent of all homeowners with home loans in the U.S. had negative home equity in the second quarter, according to Seattle-based economist Stan Humphries. He added that job losses and more foreclosed for sale properties will push up the number of underwater borrowers to about 30 percent by the middle of 2010.

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Foreclosed for Sale Prices Influence Rent or Buy Decision

As foreclosed for sale prices pushed down the prices of all types of homes, the rent or buy decision is again becoming the focus of discussions among individuals, couples and families.

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Cleaning Up Homes in Foreclosure Listings

by William Dover on August 11, 2009

Cleaning Up Homes in Foreclosure Listings

Property preservationists are people who saw business opportunity from the thousands of abandoned and vacant bank foreclosed homes. They are hired by banks to clean up homes on their foreclosure listings.

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Tax Credit Helps Trim Foreclosure List in North Carolina

by Jason MacDowell on August 11, 2009

Tax Credit Helps Trim Foreclosure List in North Carolina

Many first-time homebuyers in North Carolina are taking advantage of falling prices and low interest rates to buy homes of their own. But the greatest enticement for first-time homebuyers is the Obama Administration’s tax savings amounting to $8,000.

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Foreclosure for Sale Pushing Down Toledo Transit Revenues

by Elizabeth Rush on August 10, 2009

Foreclosure for Sale Pushing Down Toledo Transit Revenues

Despite the declining prices of fuel and decreasing driver overtime costs, the Toledo Area Regional Transit Authority is still suffering from declining funds because of declining revenues from the property levies allocated to TARTA by the city government.

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Mortgage Workshop to Avoid Bank, Foreclosed VA Homes

by Elizabeth Rush on August 9, 2009

Mortgage Workshop to Avoid Bank, Foreclosed VA Homes

Homeowners who are at risk of foreclosures were given a chance to examine their options during a mortgage workshop held in Collinsville, Illinois.

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Buyers Seek Short Sales and Foreclosed Homes Sale in Virginia

The real estate market in Loudoun, Virginia showed some signs of life in June as home sale prices went up. Thanks to eager buyers who flocked to the area seeking foreclosed homes sale and short sales.

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Various Ways Lenders Curtail Foreclosed Homes Listings Growth

Michigan financial counselors said that they have seen extreme ways of how lenders deal with distressed homeowners who want to save their properties from foreclosed homes listings. They said that some mortgage companies would not reduce the 12 percent rate on loans taken out by delinquent customers.

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Foreclosed Home List Up in Arizona City in July

by Elizabeth Rush on August 6, 2009

Foreclosed Home List Up in Arizona City in July

The foreclosed home list in the Arizona metropolitan area of Phoenix grew to 5,316 properties in July from 5,149 the previous month. According to market data, the bulk of lenders’ foreclosure activity occurred during the last week of July, with daily foreclosures increasing at an average of 60.

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