Foreclosed Homes
Foreclosed Property Sales Will Keep Depressing Home Prices
Foreclosed property sales will continue to depress home prices this year, according to several analysts and economists like Pat Newport of IHS Global Research, Gus Faucher of Moodyβs Economy.com and author Shari Olefson.
Buying Foreclosed Houses with Aid in Palm Beach, Florida
Buying foreclosed houses will become easier this week for qualified residents of West Palm Beach, Florida following the cityβs implementation of a financial assistance scheme that will provide 50-percent financing to prospective buyers of houses in the Coleman Park community.
Home Foreclosures in Palm Beach Snapped up by Cash Buyers
Home foreclosures in Palm Beach County, Florida are being snapped up by cash buyers leaving nothing for lower-income or moderate-income families who are trying to buy foreclosed houses with financial assistance from the Neighborhood Stabilization Program.
Homes in Foreclosure to Increase, Fannie Mae CEO Says
The number of homes in foreclosure will continue to rise this year partly because of the inability of many homeowners to get qualified for loan modifications and refinancing under the federal program, according to Fannie Mae CEO Michael Williams.
Maine Counties Contain Foreclosed Houses for Sale
A pilot program to implement Maineβs statewide program to contain foreclosed houses for sale is already in progress in York County, the most populous county in Maine.
More Buyer Interest for Foreclosure Homes in Fresno
More and more buyers are looking for foreclosure homes in Fresno as home prices remained very affordable despite an uptick, with the median sales price of a pre-owned home increasing to $141,500 from the $137,500 median in May.
Tips for Investors in Detroit Foreclosed Housing Inventories
Investors from around the U.S. and the world have been taking advantage of bargain-priced homes and large foreclosed housing inventories in Detroit.
San Francisco S&P Index Down, Foreclosed Home Auctions Up
Home prices in the San Francisco metro area declined by 30.1 percent in March, compared to its 32.4-percent record decline in January, based on the Standard & Poor’s/Case-Shiller Home Price Index released on Tuesday. Continued additions of units to foreclosure lists and foreclosed home auctions are pushing down home prices.
Skyscrapers Follow Foreclosed Condos to Auction Houses
As tenants walk away from commercial leases and developers are defaulting on their millions of dollars in mortgages because of lack of financing available, skyscrapers have been following foreclosed condos to auction houses.
Foreclosed Homes Devastates Black and Latino Communities
For the past two years, foreclosed homes spread across the New York region at a rapid pace. According to the βNew York Timesβ study of foreclosure filings and federal mortgage data since 2005, the foreclosure crisis caused devastation on the housing market in the New York region.
