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Posts Tagged ‘florida foreclosures’

Foreclosures Affect Property Values in Florida

Tuesday, September 2nd, 2008

Florida ranks second in its number of foreclosed homes, the first position being held by California. The foreclosures in these two states are so acute because the homeowners in a bid to buy and sell homes fast, over-inflated their property five years back. They inflated the values of their property through rapid sales with the [...]

Miami Foreclosed Homes – Make a Safe Purchase

Tuesday, August 26th, 2008

Are you looking forward to buying property in Miami but get worried when see the skyrocketing prices of the real estate sector? Do you want to buy the property at highly affordable prices that suit your pockets in the best possible way? then Miami foreclosed homes can be a viable option that can fulfill your [...]

Foreclosed Homes Causing Trouble to Valley Residents

Friday, August 22nd, 2008

The Valley area real estate has reported a large number of foreclosures. One can find a many vacant homes in and around the region. Shirly Cody who is a resident of 16 Roeser Place, which is located at the junction of 16th Street and Roeser, has said that the surrounding becomes a mess when the [...]

URLs Providing Access to $550 Billion Tax Foreclosure Market

Thursday, August 14th, 2008

The US other than the foreclosure homes is also facing the problem of tax foreclosures. It has been observed that about $6.6 billion worth property in 2007 were in the tax foreclosure market. Besides, about $558 billion worth property were in the pre-foreclosure process last year. This is in fact a huge amount. Thus in [...]

Honolulu Graded Lowest in Foreclosures

Thursday, August 7th, 2008

The city of Honolulu has been graded the lowest among the 100 top metropolitan areas of US for real estate home foreclosures in the second quarter as per Irvine, California-based RealtyTrac. It is still the lowest even after the fact that there has been 63 percent increase in foreclosure filings from last year. A total [...]

Increase in US Foreclosures Continues Unabated

Monday, August 4th, 2008

There has been a marked 121 percent increase in the nationwide real estate foreclosures from the second quarter of the last year. It has almost doubled. The tight lending standard, soft housing sales, dropping US economy together with declining home value has been instrumental in making the situation worse for homeowners. Many have failed to [...]

Foreclosure Rescue – Fed’s New Rules

Tuesday, July 29th, 2008

At last, Fed’s new rules have been approved for Roxanna Evans. She has a home in Ohio, which she bought some years ago, but didn’t stay there. Now she is facing foreclosure on that property. The mortgage lender along with the real estate agent and appraiser together are inflating the cost of the home. It [...]

Fannie Mae, Freddie Mac Accelerate Foreclosure Aid Plan

Friday, July 25th, 2008

The Bush Administration is trying to save mortgage giants Fannie Mae and Freddie Mac, in order to prevent the nation’s economy crashing in mortgage defaults. The President and the Senators are eagerly waiting to pass a foreclosure aid plan. It would help 400,000 real estate owners in getting affordable fixed-rate loans. The White House approved [...]

The Foreclosure Crisis Continues Unabated

Wednesday, July 9th, 2008

Many Americans have been lucky enough to be able to make a down payment along with having a willing and pliable lender. However, this has never been the complete picture. There are more lenders who have grown flexible seeing a possibility of future price drops, but along with that the huge increase in the number [...]

Foreclosure Filings Increase 48% In US – May 2008

Friday, July 4th, 2008

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. [...]

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