Articles about distressed properties

There has been a 48 percent increase in the month of May, 2008 in the US Foreclosure filings. A minimum of one foreclosure filing has been received by about 261,255 households throughout the nation in May. This is a great crisis situation that has provided a major setback to the real estate sector of US. [...]

The increased foreclosure activity in the country is giving rise to a unique situation where mortgage defaulters are vacating their homes but lenders are delaying foreclosing on it.

One of the fall outs of numerous foreclosures has been the decline in real estate prices. As a result sometimes homeowners find that their properties are worth [...]