Foreclosure Crisis
Free Workshops Address Bank Owned Property Listing Problems in Indy
The state of Indiana is addressing bank owned property listing and foreclosure problems by holding a series of talks for free. These events are meant to provide homeowners with advice on dealing with foreclosures and they also aim to educate residents on the nature of the housing market crisis.
Distressed Houses Listings Declined in Southwestern Illinois
Distressed houses listings declined in Southwestern Illinois in February this year, based on foreclosure data compiled by the Illinois Association of Realtors and local realtor associations.
Bank Owned Properties Still Soaring in Manatee Area
Bank owned properties are still surging in the Manatee area, based on a foreclosure report released by a California real estate firm.
Bank Owned Houses in New Jersey Rose As Job Loss Grew
Bank owned houses rose in number in New Jersey in December as job loss grew. Based on numbers from court records, residential foreclosure postings in December last year increased by 29 percent from the same month in 2008.
Unemployment Generate More Foreclosed House Listings
The number of foreclosed houses listings is threatening to go up further if the employment situation would not improve soon. The initial wave of the foreclosure problem was brought about by loose lending and low interest rates that encouraged many people to take out loans and buy properties that they could not afford.
Bank Owned Foreclosures Predicted to Reach 7 Million
The number of bank owned foreclosures has been predicted to reach 7 million in the coming months by Laurie Goodman and her fellow analysts at Amherst Securities Group LP.
Home Foreclosure Process Driven by Unemployment
The home foreclosure process is being driven largely by the continued rise in unemployment throughout the country, according to Equifax Inc. Unemployment has been pushing up the pace of mortgage defaults nationwide, driving more homeowners to bankruptcy and foreclosure.
Repossessed Houses Rising due to Higher Loan Payments
The number of repossessed houses will continue to rise in many areas because tens of thousands of troubled homeowners who have applied for loan modifications to reduce their monthly home loan payments have instead got new loan schedules showing much higher monthly loan payments and much higher home loan amounts.
Bank Repo Homes Growth Slows, Default Rates Remain High
The number of bank repo homes in August declined by 12.7 percent compared to the previous month, but default rates remained high, according to a real estate research firm.
Foreclosure Home Sales Affect Home Prices Differently
The impact of foreclosure home sales on house prices differs state by state, according to researchers of Lender Processing Services Applied Analytics.
