The number of properties falling under bank and VA foreclosure listings in San Diego County, California is expected to rise again in the coming months as more homeowners fall behind in their mortgage payments. During the month of March, data showed that defaults have gone up from the previous month.
Continue Reading: Bank and VA Foreclosure Listings Expected to Rise in the Coming Months
What is foreclosure? Many people have been asking this question and the answer has not changed a bit since it became the norm for most homebuyers who struggle to keep up with their mounting mortgage debts.
Continue Reading: What Is Foreclosure? The Housing Situation In Indianapolis
The economy may be in rebound, but the country’s overall economic crisis is far from over. Unfortunately, the housing market still sits in front of the nation’s economic woes, and there may be more houses in pre-foreclosure in the future.
Continue Reading: Pre-Foreclosure Numbers Unlikely To Stop Soon
The number of residential properties falling into foreclosure auctions declined in Massachusetts during March 2011 compared with year-ago levels. According to housing industry experts, the drop was due to slower processing of foreclosure actions by lenders and the improving national economy. Both foreclosure-related petitions and number of deeds fell in the state in March year-over-year.
Continue Reading: Foreclosure Auctions Decline in Massachusetts in March
Several federal and state programs meant to provide assistance in foreclosure have been launched in the past couple of years. However, these programs were unable to stop the flood of distressed properties all over the U.S. which are now causing housing prices to tumble. In New Jersey, a number of local markets are experiencing plummeting prices as foreclosures continue to increase.
Continue Reading: Distressed Homes Still High Despite Assistance in Foreclosure Effort
Sellers of residential properties, even homes for sale by owner sellers, should look forward to the spring home buying season in South Carolina, market analysts have stated. According to them, the month of March usually provides signs on what the home buying season will be like; and this year, the signs seemed to be pointing towards a high-selling season.
Continue Reading: Spring Looking Good for Sellers of Homes for Sale by Owner
Residential property sales in Birmingham, Alabama declined in March 2011 compared with one year ago, while distressed listings continue to account for a considerable part of total housing sales. Nearly 40% of houses sold in the metro area during the month were foreclosed or distressed. Meanwhile, average prices were up, but median selling rates have declined.
Continue Reading: Distressed Listings Account for Huge Percentage of Home Sales
A big number of foreclosed federal homes and bank-owned properties are left vacant for long periods of time, particularly when ownership of the mortgage is not clearly established and identifying who is responsible for maintaining the properties is difficult. In most areas, these abandoned properties are demolished, mainly because they contribute to neighborhood blight.
Continue Reading: Officials Worried About Health Impact of Empty Bank and Federal Homes
Bank foreclosure listings in the metropolitan region of Raleigh-Cary, North Carolina rose in January 2011, according to a report recently released by CoreLogic. However, although the rate of foreclosure in the region increased during the first month of the year, it remained way below the average of foreclosure recorded nationwide during the same month.
Continue Reading: Bank Foreclosure Listings Increased in Raleigh
Sellers of residential properties, including those with properties in residential foreclosure listings, have welcomed the increase in the number of senior residents moving into Minnesota. Although most of the areas of the state have lost population between 2000 and 2010, the latest U.S. Census report showed that some have experienced gains, particularly when it comes to older residents.
Continue Reading: Residential Foreclosure Listings Benefitting from Older Residents
