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The Real Estate Recovery Situation Reverts Back to Foreclosure Crisis

Thursday, September 24th, 2009

In the last few months more home buyers are backing out from the excess flood of distressed properties whose lower prices increased their sales figure greatly. There has been a 7.2% hike since in June the 1999 records were broken. At least one third of the 5.24 million properties that were [...]

Foreclosures Raise Other Concerns For The Community

Friday, June 27th, 2008

The rate of foreclosures continues to rise unabated in many parts of the country. Market analysts expect this trend to continue throughout 2009 before there is a turn in fortunes. In the mean time however this increased foreclosure rate is spawning a whole gamut of other concerns.

Residents of areas which are experiencing a number [...]

Bay Area Reeling Under The Weight Of Foreclosures

Thursday, June 5th, 2008

Around 2% of the U.S. households went down with some heavy blow of foreclosure during the month of April. Foreclosed real estate properties continue piling up heavily with the addition of homes on the market and the dragging down of real estate prices. The impact has been felt mostly with foreclosure concentrations in areas like [...]

More People Walking Away From Homes Due To Foreclosures

Wednesday, April 2nd, 2008

Many of the high prices demanded from the tenants over the past few years have led to many of the problems that have resulted in the present condition of foreclosures. As Rick Shraga of RealtyTrac observes on the staggering state of foreclosures, the full financing are only full of risks. Home prices keep falling rapidly [...]

Foreclosures At An All Time High!

Wednesday, February 27th, 2008

January showed an all time increase in the rate of home foreclosures recorded for this year till date. The Oakland county officials stated that this month saw the highest among all other months’ records.
January ’08 posted the highest number of foreclosures. At 949 foreclosure cases, it was 200 cases more than those posted in January [...]

Foreclosures Shoot Up By 121 Percent In Lexington

Monday, February 25th, 2008

Lexington metro area comprising six counties recorded a steep increase in foreclosure rate in 2007 but still small compared to larger metro areas.
The California based foreclosure tracking company; RealtyTrac stated that 464 properties in the area were in the purview of foreclosure as compared to 210 such cases in 2006. This increase is 121 percent.
2007 [...]

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