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Franklin County Experiences a Major Hike in Foreclosures

Tuesday, May 12th, 2009

In comparison to last year, this year the foreclosure rate almost tripled in the initial quarter in Franklin County.
The time when the foreclosure comes out to have flat-lined across the Shoals, this increase comes up.
Last year Franklin County recorded only six foreclosures until March. This year, the number went up to 17 in the first [...]

Fed Economist Claims The Coming Of Second Wave Of Foreclosure

Saturday, April 25th, 2009

An economist in the Kansas City said this Thursday that a second grueling wave of the house foreclosure is perched to hit as the subprime mortgage chaos recedes.
Senior economist of the Federal Research Bank of Kansas City, Kelly Edmiston crashed that unwanted prediction at the Fed’s Money Smart program.
“I don’t expect the foreclosure problem to [...]

Tenants Suffer As Landlords Face Foreclosures

Tuesday, March 10th, 2009

In a short span of just seven days after Natasha Sinclare moved into a new rented apartment, she found out that her building was in the midst of a foreclosure battle as the landlord had defaulted on his mortgage payments. Thankfully, under New Jersey law, tenants like Natasha have special rights. Still, people advice that [...]

26 Percent Decline in Alabama Foreclosure

Friday, December 19th, 2008

The rate of foreclosed homes in Alabama has shown a decline between the months of October and November. It has dropped by almost 26 percent during this period. Besides, there has been a decline of about 7 percent from what it was in the month of November. According to some real estate report, nearly 613 [...]

Sacramento Continues with Its Foreclosure Filing Even after Obama’s Rise

Wednesday, November 12th, 2008

A total of 33 bankruptcies have been reported to have been filed in the area of Sacramento, a day after Barack Obama became the president of US. Apart from that, the unemployment rate in California is over 7 percent. The problem of home foreclosure is continuing with its assault in the real estate market of [...]

Foreclosure – An Important Factor For The Presidential Election?

Friday, July 18th, 2008

Foreclosure may have a serious impact on voting rolls, especially in a state like Ohio. This is because many real estate owners have left their houses but continue to be registered at their previous addresses. They are expected to cast their votes as provisional votes, and those provisional votes may become the deciding factor for [...]

Massachusetts House Foreclosures – Short-term Discontinuation

Friday, July 4th, 2008

Massachusetts owns the credit of being the most densely populated one among the six New England states of north-eastern Unites States. It has provided a major boost to the real estate industry of this place. But the problem of house foreclosures is a big enemy of the Massachusetts real estate.
As per the reports of one [...]

Foreclosures Face a Six Month Moratorium

Monday, April 28th, 2008

A proposal for a six month suspension on foreclosures has been made by some lawmakers as the numbers of people unable to pay their mortgages are increasing. Three bills have been introduced with the purpose of providing relief to the mortgage climate and the proposal for moratorium is among them. According to the second bill [...]

People Turned Off With Home Values Being Undercut

Monday, March 31st, 2008

More and more people are prone to walk away as housing crisis starts displaying. The value of most of the housing estates is sinking with the viewing ownership being reflected as worthless in the long run. Without the equity financing for the rented houses is not being made possible. According to Rick Sharga, the vice-president [...]

Foreclosures Create Ghost Town In Valley Town

Thursday, January 3rd, 2008

Why is nobody coming home in the suburban fringes of Phoenix Out? As the day come to a close, why are people not returning home and why is the neighborhood empty? These questions seem troubling but it is a fact that not long ago, builders were raising home prices here thousands of dollars week [...]

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