Foreclosure
Atlanta Foreclosure Home Auctions to Sell 10,000 Units
Nearly 10,000 residential units will be sold off in court-supervised foreclosure home auctions in 13 counties in the Atlanta region in September, according to an Alpharetta-based real estate firm.
NY Foreclosed Homes for Sale Bought by Mortgage Holder
Two neighboring high-end foreclosed homes for sale in the Town of Hamburg, New York was bought back by mortgage holder and seller John Russo and the firm Greenacres Inc. which was represented by lawyer Bruce Zeftel from a foreclosure sale held by a court in Erie County.
High Unemployment, Foreclose Rates Pummel Utah
The increasing foreclose property rate in Utah has pressured home values to drop to its lowest level in almost 15 years. The decline in existing foreclosure home sales has resulted to desperation among residents who are considering or planning to sell their properties.
Study Modification Not Enough to Stop House Repossession
A report suggested that the federal government?s loan modification programs are not enough to stop house repossession across the country.
Mediocre Program Response, Forclosure List Still Growing
Four months after the Obama Administration launched the Making Home Affordable program, it has yet to show some progress towards its goal to stem the tide of properties on forclosure list.
Repo Homes For Sale Still on the Rise in South Carolina
Repo 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
The 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
There 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
The 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
Lenders 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.
