Foreclosures by State
Homeowners Find Way to Avoid Oregon Foreclosure Listings
The same month that President Barack Obama announced his foreclosure prevention plan, an estimated 3,600 distressed homeowners in Oregon received foreclosure listings notices last February.
Chicago Put Illinois High on Lists of Foreclosures by State
The rise in new foreclosure filings in Chicago in 2008, as reported by nonprofit group National Training and Information Center, put Illinois high on several lists of the ten U.S. states with the highest foreclosures by state in 2008. Total foreclosure filings reached 19,943 in 2008, an increase of a record 87 percent from filings in 2006.
Obsolete Laws Worsen Foreclosures by State
Obsolete foreclosure laws have been aggravating foreclosures by state, according to the National Consumer Law Center (NCLC). Foreclosure laws or the lack of homeowner protection laws have been protecting other parties, such as lenders and renters, much more than homeowners.
Banks Scramble to Prevent New Law Addressing Foreclosures by State
The new bankruptcy law that is set to pass legislation would let judges cut down interest rates and reduce values of principals for home loans in a bid to curb foreclosures by state. This bill has been in the drawing boards for two years and failed to see light as Republicans and the Bush administration [...]
Arizona City Suffers the Wrath of Foreclosure
Mesa, Arizona’s third-largest city which has a population of 452,933, has been hit hardest by foreclosures.
Florida Judge Holds Rocket Docket Foreclosure Hearings
Lee County Judge John Carlin has been holding rocket docket hearings to reduce the backlog of foreclosures cases that have been flooding his court. He just asks the borrower two questions before stating the number of days the borrower is allowed to stay in the foreclosed property or negotiate with the lender.
Florida Foreclosures Could Increase by 100 Percent in 2009
South Florida foreclosure rates are expected to increase between 50 percent and 100 percent in 2009 based upon the efforts of the federal government to help homeowners of distressed properties, according to Jack McCabe, a real estate analyst and chief executive officer of McCabe Research and Consulting.
Refinancing Aid for New Jersey Homeowners Facing Foreclosure
Lawmakers on the New Jersey Senate and Assembly have approved the Mortgage Stabilization and Relief Act, a law that would provide help to owners of distressed properties to refinance their homes or remain in their houses as tenants.
Increase in Foreclosures Drags Home Price in Northern California by 41 Percent
Median home price in Northern California went down by 41 percent in October as home buyers continue to buy foreclosed properties. From $631,000 of last year, average price is now down to $375,000.
Stop Foreclosures, Massachusetts Community Leaders Demand
Several community organizers and religious leaders from Massachusetts will meet in the nation's capital with members of President-elect Barack Obama's transition team, Treasury officials and lawmakers to urge them to launch significant loan modifications to avert the rapidly rising rate of foreclosures across the country.
