Foreclosures by State
New Jersey Home Prices Dropped as Foreclosed Homes Climbed
Just like in many other U.S. states, home prices in New Jersey declined in March compared to the same month in 2008, as the number of foreclosed homes increased across the state.
Ohio House Bill to Reduce Foreclosed House Inventories
Distressed homeowners in Ohio would be helped by a bill aimed at reducing foreclosed house inventories and passed by the Ohio House on May 20. That is if the Senate and the Ohio Governor also passes the bill.
Bank Foreclosed Homes Maintenance Program in Florida
Cape Coral, Florida has a program that helps the city maintain bank foreclosed homes and keep them from becoming a blight to the community. An ordinance in the city of Cape Coral allows it to require banks to register bank foreclosed homes for $150. The city uses the money collected from registration fees to pay for the maintenance of foreclosed properties.
Rise in Foreclosed Home Auctions in Florida
Another month of historic foreclosure rate was experienced by Florida in April, making it number two in the country in terms of high repossession rate. And because of this, foreclosed home auctions are also on the rise. Florida registered a 32 percent increase in April to 342,038. This translated to one per 374 households receiving default and auction notices.
California, Hit by Repo Homes, Needs Loads of Cash by July
California, one of the 3 states hardest hit by repo homes, could be insolvent by July if Governor Arnold Schwarzenegger and legislators do not remedy the cash problem of the state, according to state legislative analyst Mac Taylor. Taylor said California needs $23 billion more for the year despite the legislative remedies launched in February. [...]
Renters Helped as Oregon Enters Top Ten in Foreclosed Homes
In 2008, Oregon was 21st in RealtyTrac?s foreclosure rate rankings. In February, Oregon entered the top ten list, with 1 house in 446 houses receiving a foreclosure filing. In March, it had 3,388 foreclosure filings, including 594 real estate owned foreclosed homes.
Washington State Cuts Down Repo Homes with $250,000
A total of $250,000 was set aside by Washington State legislators to help reduce the number of repo homes in the state. The bill to allot the money was unanimously approved by the state legislature last week and is expected to be signed by Governor Chris Gregoire within the week.
Foreclosure Properties in Massachusetts’ Commercial Sector
Massachusetts has not been battered by foreclosed homes as badly as California, Nevada and Arizona, but it is now being battered by foreclosure properties in the commercial sector.
Gov Programs Push Up Numbers of California Repo Homes
State and federal foreclosure intervention programs to reduce the number of repo homes in California may have been causing unintended consequences, according to Sean O'Toole, head of California forelosure tracking enterprise ForeclosureRadar.
Buying Bank Owned Repo Homes in Maryland
Enthusiastic home buyers in Maryland are finding to their dismay that banks do not have systems and staff in place to facilitate their purchase of bank owned repo homes. Many prospective buyers are adding thousands of dollars more to their home buying costs because expected closure dates are being postponed.
