Foreclosed Homes
Want Terrific Deals on Foreclosure Properties? Check Out These States
The foreclosure market in the U.S. is absolutely saturated with great deals and steals – namely in the form of hundreds of thousands of home foreclosures priced well below fair market value.
Vacant Non-Foreclosed and Foreclosed Houses Estimated at Over 3M
The number of vacant foreclosed houses and empty non-foreclosed homes has been estimated to be over three million. According to a report by Goldman Sachs, residential vacancy in the U.S. is way above normal seasonal figures. However, housing formation is showing signs of increasing, albeit at a very slow pace.
Changes in Processing Bank Foreclosed Homes Set to Cost Lenders a Lot
The processing of bank foreclosed homes in the U.S. is set for a major revamp. Recent reports revealed that banks have been given until the middle of June 2011 by regulators to develop plans that will polish their foreclosure procedures and mortgage servicing processes, while an additional two months were provided to implement these plans.
Unemployment and Foreclosure Homes Hindering U.S. Economic Recovery
Reports revealed that U.S. Federal Reserve Chief Ben Bernanke have cited the oversupply of foreclosure homes and the high number of jobless people as the main factors hindering U.S. recovery. Bernanke reportedly mentioned these factors during a speech delivered in Arlington, Virginia. The Fed Chairman also reportedly claimed that the nation's economy is currently experiencing a moderate recovery, but is still far from the level where it [...]
Foreclosed Houses Projected to Impact Prices Again in Western U.S.
The impact of foreclosed houses and distressed properties on housing prices is showing no sign of abating. According to housing industry experts, the residential markets in the western part of the U.S. are in for another decline, with some experts predicting that the region might be facing a double dip.
No Foreclosed Houses at Giveaway Prices in Washington Region
There are foreclosed houses and short sales that can be found in the Washington region covering D.C. and parts of Maryland and Virginia. However, realtors reported that, for buyers looking for a bargain-priced dwelling, they will not find it in this region. They stated that the area's housing market is recovering faster than other U.S. regions and is selling homes at fair market value.
Details to Consider when Buying Foreclosed Houses
Housing market analysts stated that residential properties, particularly foreclosed houses, have never been more affordable than they are now. Majority of first time homebuyers are discovering that they can easily afford a house right now more than they could a few years ago. However, analysts warned that purchasing might not be as easy as it seems.
Foreclosed Homes and Unemployment Hurt Residential Construction
The U.S. residential construction market recorded its lowest level of activity in February 2011 in almost 12 months, with analysts blaming the decline on the huge amount of foreclosed homes in the market and the high level of unemployment in the country. The decline in housing construction activities showed that the residential property market is still depressed, analysts have stated.
Foreclosed Home Search Reveals Processing Problems
A person conducting a foreclosed home search will not only find that the U.S. is currently sitting on a huge inventory of foreclosed properties, but that it is also facing procedural shortcomings which resulted in a big number of Americans allegedly losing their homes when they should not have.
Foreclosed Home Sales in Florida Accounted for 39 Percent
Distressed and foreclosed home sales in Florida accounted for nearly 39 percent of all homes sold in the state in the first three months this year. Florida was among the ten states which had their foreclosure sales accounting for more than one-third of their overall house sales in the first quarter. Nevada posted the highest [...]
