Foreclosure
Repo Homes For Sale Still on the Rise in South Carolina
Friday, July 3rd, 2009Repo homes for sale continue to flood the housing market in South Carolina, particularly in Anderson County where almost 1,600 repossessed homes were listed. And industry experts see no easy way out of the foreclosure problem or to improve the situation.
Home Prices Fell Due to Increasing Bank Owned Foreclosures
Thursday, July 2nd, 2009The increasing number of Bank Owned Foreclosures continues to wreak havoc on the housing market as home prices in 20 metropolitan areas in the country slide down further. Economists said that the pace of home price decline in April was the same with previous months as foreclosures inched up.
What to Do After Foreclosure
Friday, March 6th, 2009There is no good in being left clueless after foreclosure. Here are some pointers that can help you survive a foreclosure situation:
Foreclosures May Lead to Opportunities
Wednesday, February 4th, 2009The deep housing market downturn has caused millions of homeowners in the United States to lose their homes into foreclosure—a process wherein a property is repossessed by a lender, usually a bank when homeowners are unable to pay their mortgage dues, and is eventually sold to repay the amount owed.
Foreclosures Pull Home Prices Down
Thursday, January 29th, 2009Lenders would rather offer lower home prices than be flooded with lots of foreclosures. This is the chance of bargain hunters to purchase homes at a price they can afford.
Glut of Unsold Houses in South Florida Despite Decrease in Foreclosures
Friday, December 26th, 2008Despite a decline in South Florida foreclosures in October compared to September, the backlog of unsold houses in the area still increased to the time-equivalent of eight months in October.
Concerned by their exceptionally high inventory of foreclosed homes, mortgage banks have been unloading repossessed homes, adding more units to the housing market already overloaded [...]
Holiday Time-out for Florida Foreclosures
Tuesday, December 2nd, 2008With foreclosures on the rise, it seems like a lot of homeowners will be facing a bleak holiday season this year. However, Gov. Charlie Crist is considering to give a Christmas gift for his constituents and put a holiday moratorium, albeit temporarily, to Florida foreclosures.
Addressing Foreclosures Key to Bleeding US Economy
Thursday, November 27th, 2008The US economy has continued to bleed causing a major crisis to the housing, insurance and automotive industries. But the highest impact to economy right now is in the area of real estate which has been beset with soaring rates of foreclosures in several states. Economists, organizations and individuals have been frustrated with the seemingly lack of action from the government and financial giants to stem the flow of foreclosures.
Getting to Know Foreclosures
Saturday, November 8th, 2008Included in the great American Dream is home ownership. But if you do not have sufficient cash to purchase one, you will instead take out a mortgage loan. Failure to pay monthly mortgage dues will likely result to a foreclosure and basically, this was the fate of millions of homeowners across the country.
Foreclosure 101: Negotiating with Lenders
Friday, October 10th, 2008Last week, the implementation of the government’s $300B housing rescue program finally started. This certainly gives hope to a significant number of troubled borrowers. Of course, the success of the mortgage relief program lies in part in the successful negotiations with the lenders.