Foreclosure Rates
Connecticut Ranked 33rd in REO Properties Rate in May
Though the number of REO properties in Connecticut appears to be dwindling slightly, the foreclosure crisis in the state is still far from over.
Repossession Property Prices Fall, Affordability Rises
Home affordability has reached record levels nationwide as new home prices and repossession property prices continue to go down. According to a study by IHS Global Insight on U.S. homes prices, the average house has lost value by 12.2 percent.
Foreclosed Homes for Sale Fell in April
About 29 major cities in the United States still showed a decline in the number of foreclosed homes for sale in April of this year.
Foreclosure Properties Nationwide Up by 44% in March
As foreclosure moratoriums ended and job layoffs rose, the number of foreclosure properties nationwide jumped by 44 percent in March, according to research by ForeclosureS.com.
February Foreclosure Homes Up
Foreclosure homes filings increased by almost 30 percent on the same month that President Barack Obama unveiled his $275 billion foreclosure prevention plan.
1.5 Million Houses on the Brink of Foreclosure
The combined number of defaults and mortgage loans in foreclosure process has now reached its highest level of 11.18 percent, according to the Mortgage Bankers Association’s (MBA) National Delinquency report.
Earn Money by Flipping Florida Foreclosures
In this down housing market, you can still make money by flipping residential properties. You just have to increase your know-how on good locations, available capital, mortgage lenders, home prices and the risks involved.
Foreclosures Take a Drop from December to January
The number of Americans who are on the verge of foreclosure has decreased last January, although a year ago, it was still up from the same month. Homes lost to foreclosures would have been more if it were not for the initiatives to delay the foreclosure process.
Foreclosures Decline By 25 Percent in January
As of last January, foreclosures all over the United States have dropped by over 25 percent with majority of the severely hit states witnessing declines in the quantity of homes reclaimed by lenders. On the national level, completed foreclosures have plummeted from 97,841 last December 2008 to 72,694 this January 2009, the lowest number of completed foreclosures ever since April 2008.
Foreclosures Considered in Setting Tax Values
Georgia foreclosures have continued to soar through the past months, causing real estate properties including foreclosure homes to have very low sale prices. This has pushed the state’s legislators to act on a bill to control the situation. Senate Bill 55 states that foreclosure sales should be considered in setting the tax values of homes and other related properties.
