http://www.foreclosurelistingsnationwide.com/blog Information, Articles, Latest News and Listings of Foreclosure Homes Fri, 03 Jul 2009 07:38:11 +0000 http://backend.userland.com/rss092 en Falling foreclosed property prices in the Tristate have been cutting down home appraisal values and have been hindering some mortgage loan applications. While the low level of foreclosed property prices in the Tristate have been attracting large numbers of investors and first-time home buyers who have cash to spend, the lower ... http://www.foreclosurelistingsnationwide.com/blog/article/408/foreclosed-property-prices-lowering-tristate-appraisals The large number of low-priced foreclosed properties in Santa Clara, California has cut down the growth of property values in the county as of January 1, 2009, based on a report released by the county this week. Total assessed property values in Santa Clara grew by only 0.18 percent compared to ... http://www.foreclosurelistingsnationwide.com/blog/article/404/foreclosed-properties-cut-santa-clara-value-growth More than half of total home sales in Grand Rapids, Michigan in June were foreclosed home listing sales or short sales, based on real estate sales data in Michigan. Out of the 1,081 houses sold in June, 53 percent were foreclosed home listing properties or homes sold through short sales. Additionally, ... http://www.foreclosurelistingsnationwide.com/blog/article/400/grand-rapids-foreclosed-home-listing-sales-over-50-percent Veteran and novice homebuyers know that they can have homes at big discounts from lists of bank foreclosures. But some homeowners in Detroit, Michigan still could not afford to buy their dream houses because of the difficulty of stretching their small mortgages. With mini-mortgages, homebuyers who have $30,000 and less are ... http://www.foreclosurelistingsnationwide.com/blog/article/398/mini-mortgages-for-properties-on-lists-of-bank-foreclosures Default rates on prime loans have increased in the first quarter, escalating the number of houses added to foreclosed home for sale inventories. Homeowners who have good credit and who were previously making their monthly home loan payments religiously are now unable to make payments because of joblessness. In the first quarter, ... http://www.foreclosurelistingsnationwide.com/blog/article/396/prime-loans-driving-foreclosed-home-for-sale-inventories The number of townhouses and condos for sale in South Florida has remained relatively high despite the rise in sales of homes in foreclosure listings and other residential listings in the region. According to real estate market data in Florida, townhouses and condos comprise around 61 percent of South Florida's housing ... http://www.foreclosurelistingsnationwide.com/blog/article/394/more-condos-townhomes-in-south-florida-foreclosure-listings Over 50 refinancing and mortgage modification companies are currently under investigation as part of Arizona Attorney General Terry Goddard office's crackdown on fraudulent repo home listing rescue services that have been victimizing unsuspecting homeowners who are desperate to save their homes from foreclosures. Goddard said that his office is investigating the ... http://www.foreclosurelistingsnationwide.com/blog/article/391/crackdown-on-fraudulent-repo-home-listing-rescue-intensifies Foreclosed home listing prices in the Midwest maintained their affordable levels last month, based on a study of residential real estate prices in the Midwest in May. Median sales prices for existing homes in the Midwestern cities decreased to $145,800, a 10 percent drop from May 2008. But because of high ... http://www.foreclosurelistingsnationwide.com/blog/article/388/foreclosed-home-listing-prices-in-midwestern-cities-down Among the reasons given for the continued rise in number of foreclosed properties are unemployment, subprime lending, adjustable-rate lending and difficult family circumstances such as divorce or hospitalization. Another major reason is negative equity – home value is less than loan amount. Borrowers who have negative equity, sometimes known as underwater ... http://www.foreclosurelistingsnationwide.com/blog/article/383/negative-equity-driving-the-rise-in-foreclosed-properties A group of 20 senators led by Senators Claire McCaskill, Jack Reed and Chris Dodd wrote Treasury Secretary Timothy Geithner to urge him to address the roadblocks currently slowing down the Obama administration’s foreclosed housing prevention program. The senators learned from a National Foreclosure Mitigation Counseling Program report that it takes ... http://www.foreclosurelistingsnationwide.com/blog/article/381/senators-urge-geithner-to-do-more-for-foreclosed-housing