Foreclosures by State
California Foreclosures Remain High As Unemployment Rates Rise
California foreclosures remain some of the highest in the whole U.S. This is despite the fact that majority of metropolitan areas in the state are recording declining foreclosure totals compared with 2009 records. Recent housing market industry numbers showed that nine out of the top ten metros with the highest rates of foreclosures recorded declining totals for the first half of 2010 compared with the same period of 2009.
Michigan Foreclosures Encourage Fraudulent Actions of Some
Livingston County resident and businesswoman Michelle Rene Garbuschewski and her employee Lisa Marie Joboulian were recently charged, along with eight others, for allegedly defrauding state residents who are facing Michigan foreclosures using a foreclosure rescue scheme.
Foreclosures by State Increased in the First Half of 2010
Foreclosures by state during the January-June 2010 period increased significantly. Latest housing market statistics showed that almost 75% of all metro cities in the U.S. recorded higher foreclosure activities and filings. The figures are in comparison with the first six months of 2009.
More Lawyers Needed to Help Homeowners Facing Florida Foreclosures
An Associated Press report showed Jacksonville, Florida foreclosures rising in May 2010 by 57% compared with April. When compared with May 2009, the rise is at 42%. This means that more residential property owners are losing, or about to lose, their homes to foreclosures. This also means that more people are in need of legal assistance from lawyers who knew all about the foreclosure market.
Public Auction of Foreclosures in California Spiked Again
As more lenders got exempted from the state mandatory waiting period for trustee sale filings, public auction of foreclosures in California surged in June.
Foreclosures in Florida Most Persistent in the South
Foreclosures in Florida are still more persistent in the southern parts of the state than in other areas of Florida, particularly in the counties of Miami-Dade, Palm Beach and Broward.
Tax Incentive Extension Might Help Lower Foreclosures by State Number
High rates of foreclosures by state continue to be a major problem for most areas of the U.S. However, the decision of the federal government to extend the tax credit program until September 30, 2010 might help arrest the foreclosure problem in some major housing areas and hopefully contribute to the recovery of the country's [...]
More Opportunities to Purchase Fixer Upper Homes in Florida
There are more opportunities to purchase fixer upper homes in Florida, as there were more than 42,000 homes repossessed by lenders in the first five months of 2010.
Bank of America Given Go Signal to Sell Bank Owned Foreclosures in Utah
A previous judge order which prevented Bank of America from selling bank owned foreclosures in Utah had been overturned by federal judge Craig Waddoups. The latest ruling means that the bank, along with its foreclosure unit ReconTrust Co., can now proceed in selling foreclosed properties in the state.
BofA Helps Florida Lower its Foreclosures by State Ranking
Bank of America has provided $10.7 billion to help Florida lower its foreclosures by state ranking in the first year of its $1.5-trillion ten-year community lending and investment program. It has disbursed nationwide a total of $168.2 billion in 2009, giving Florida 6.4 percent of the total first-year allocation.
