Foreclosure Market

Foreclosure Houses Continue to Hurt U.S. Economy

The huge supplies of foreclosures houses continue to erode optimism among home builders in the U.S. According to most of them, the depressed housing industry will continue to hold the nation's economy back and prevent it from achieving a sustained recovery this year.

Home Building Up Despite Presence of Foreclosed Homes Listings

The presence of cheaper properties under foreclosed homes listings has been partly blamed for the slow down in the home construction market. However, although foreclosures have remained high last year, December statistics showed that home-building has risen to its fastest pace in almost two years.

Market for New Houses Expected to Challenge Foreclosure Homes for Sale

The market for foreclosure homes for sale is expected to get some competition this coming spring in the U.S. According to the Mortgage Bankers Association, the new home industry will experience increased demand this coming spring. Home builders are also optimistic that the number of homebuyers going for new housing units instead of existing dwellings will increase in the coming months.

Consumers Have Final Say on Home Foreclosures and Recession Problems

How quickly the U.S. will recover from the impact of the recession and the huge number of home foreclosures will depend on how brave consumers will be, given the condition of the housing market and the economy. According to experts, consumer confidence will decide how far the recovery will go in the next few years.

Foreclosure Listings Growing, Stocks Rising

Looking at how the stock market is performing of late, one would probably think the US economy is finally getting back on its feet. But it is still important to recognize other factors, such as the growing foreclosure listings, in order to fully assess the situation.

Existing Homes and Bank Foreclosures Realtors Ready for Spring Market

Last year, it was easy to lure buyers and investors into buying bank foreclosures or existing homes for sale because of the tax credit offered by the federal government. But since the said credit incentive is no longer offered, realtors are worried about convincing buyers to buy this spring.

Freddie Mac and Fannie Mae Foreclosure Lists Continue to Expand

Government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae are currently sitting on a huge supply of foreclosure lists that they are trying to sell in a manner that will not cause a drastic surge in foreclosure numbers in the U.S. The two mortgage giants are also gradually releasing these distressed properties into the market to prevent a further depression in home prices.

Avoid Bank Foreclosure Homes, Pick Right Lender

The Consumer Financial Protection Bureau plans to release a simplified form for mortgage disclosure to make sure borrowers will have an easier time comparing deals offered by different mortgage lenders. By doing so, they will be able to avoid mortgage default and risk their home ending up as bank foreclosure homes.

When Buying Foreclosures, Check if Bank Owns Mortgage

There are many risks, albeit manageable ones, involved in buying foreclosures even short sale foreclosures. For instance, there is an off chance that the foreclosure was faulty and the buyer might have problems in terms of claiming ownership.

Office Foreclosures for Sale – Not A Problem in Oklahoma City

For over two years, numerous properties in Oklahoma City, both residential and commercial, have ended up as foreclosures for sale. And with the economy not doing as great as it was supposed to be, office building owners have found themselves bankrupt.