Foreclosure Listings
Federal Foreclosure-into-Rental Program Picks Up Steam
The proposal – which would sell foreclosure homes, often in bulk, to private investors from government inventory – is set to go live in the “near term”, according to the Federal Housing Finance Agency. According to reports, the two government-sponsored enterprises will allow pre-qualification for investors and third parties who want to bid on foreclosure properties owned by the government. This effectively opens the doors [...]
How to Use Google Maps When Looking for a New Home
If you are considering purchasing a new home or investment property outside of your area, Google Maps should be your new best friend. Never before has it been easier to take the address of your desired property and obtain information in regards to surrounding businesses as well as potentially seeing a satellite view of the home from the street.
Terms for Owners Under Nationwide Foreclosure Listings Still Unclear
U.S. state attorneys general have yet to form a consensus with regards to compensation for homeowners whose properties are under nationwide foreclosure listings. According to reports, AGs are yet to agree on how much should be asked from banks regarding the monetary settlement that will supposedly finance principal reductions for troubled borrowers.
Foreclosure Listings Changed Population Movement in the U.S.
U.S. demographers have reported that the housing market crisis that saw massive increases in foreclosure listings in various areas of the country altered the movement of population in the country. Over the past ten years, census data showed that majority have moved to the West and South, with the Midwest and Northeast regions welcoming a smaller portion of the population.
Low Mortgage Rates Fail to Spur Interest in Foreclosure Listings
Despite low mortgage rates, traditional homebuyers are still reluctant to purchase residences, even low-priced ones under foreclosure listings. Although cash buyers and investors are taking advantage of the low prices of distressed properties, housing sales still failed to gain traction, with sales of existing dwellings and housing starts continuing to decline.
Foreclosed Property Listings Compete with Rental Market
A few years ago, it is the non-foreclosed and newly-built housing segments that serve as primary competitors for sellers of homes under foreclosed property listings. Now, however, the rental market is elbowing out both segments as potential homebuyers become renters. The strong performance of the rental housing industry also resulted in higher rental rates in the U.S.
Sales of Properties in Home Foreclosures List Jumped in January
Sales of houses under home foreclosures list and non-foreclosed existing residential properties increased again in January, marking the third month in a row that sales figures for existing dwellings have risen in the U.S. A report from the National Association of Realtors (NAR) showed that figures increased for both monthly and yearly data.
Lists of Foreclosures Expected to Affect Midterm U.S. Elections
Results in the coming midterm elections in the U.S. will depend on a number of factors, not least of which is the issue of lists of foreclosures. According to political and economic analysts, foreclosures will affect the 2010 elections even more so than in 2008 since the number of foreclosed properties is higher now than it was two years ago.
Foreclosed Commercial Properties Listings in D-FW Surged
Total filings for foreclosure commercial properties listings in the Dallas-Fort Worth, Texas region jumped by more than 50% during the January-August 2010 period compared with the same period of 2009. Over 2,500 foreclosure filings for commercial structures are reportedly posted during the said period.
Latest Efforts Find Foreclosure Listings Getting Shorter in NV
For homebuyers who wish to find foreclosure listings with the widest array of choices, Nevada will be a likely option. The state ranks among states with the highest rates of foreclosure activities in the whole U.S. Because of this, the housing market of the area has suffered tremendously and more homeowners are ending up losing their properties to foreclosures each month.
