Foreclosures by State
Governor Corzine Urges Foreclosure Solution
New Jersey Governor Jon Corzine has called on the U.S. federal government to use a large portion of the $700 billion Troubled Assets Relief Program (TARP) approved by Congress in October 2008 to rescue repossessed properties and prevent further foreclosures.
Crist’s 45-Day Moratorium May be Late for Some Florida Foreclosures
Florida is the third state in the U.S. with the highest rate of foreclosure. To help homeowners in the state who are facing the threat of foreclosure, mortgage lenders and Governor Charlie Crist have agreed to impose a 45-day moratorium on foreclosures during holidays.
Moratorium on Foreclosures Lobbied by California Activists
The Greenlining Institute has started a movement in California seeking for a moratorium on foreclosures. This advocacy group has expanded their appeal base by meeting with federal officials and House representatives.
60 Percent of Homeowners in 6 States Are Facing Foreclosure Threats
An estimated 60 percent of homeowners in Arizona, California, Florida, Georgia, Michigan and Nevada owe mortgages to banks more than the market value of their properties.
Michigan Should Leave Foreclosures to Lenders
Michigan Governor Jennifer Granholm’s plan to suspend the foreclosure process through legislation would have unintended consequences. It would lull homeowners into false security about their homes, making them postpone plans to find help. It would also force lenders to reject most potential homeowners.
Pennsylvania and Michigan Threatened by Foreclosure Problems
The U.S. economic crisis has taken its toll on real estate ventures. The hardest hit is California, Florida and Nevada. Although the problem is not as severe, Lehigh Valley and Northampton housing problems have led to Pennsylvania foreclosures.
New York’s Foreclosure Data Inaccurate?
The data of foreclosure filings obtained in New York, counting that of Erie County are said to be incomplete. This is the danger of depending only on one research firm, which has not perfected yet the act of data collection.
North Carolina Foreclosures Drop, Thanks to New Law
When the foreclosure figures for September came, many local officials were relieved to see their efforts paying off. Among their efforts to curb foreclosure include the approval of a state law that requires lenders to give distressed homeowners 45 days notice before any default notices can be filed.
Alabama Condo Associations: Standing Strong Against Foreclosures
Six months ago, the number of condominium foreclosures in Alabama went into a plateau. For local experts, this is good news for the market considering that condo foreclosures in other states have grown and impacted the local housing market in a negative manner.
San Jose Foreclosure Homes, Sunshine reaches California
With President Bush signing the housing bill on Wednesday, people stand to get the much needed relief in the slumping housing sector, especially the sub-prime market. People from throughout the Santa Clara County stand to benefit from bill.
