Articles about real estate foreclosures

The tremendous increase in foreclosures in Virginia has heavily affected the real estate industry of the region. It has been found that the foreclosure rate has almost tripled in July 2008 than what it was in July last year. Half of these foreclosure homes have been arrested in Northern Virginia. In July, the highest rate [...]

There has been a decline of over 10 percent in foreclosures between the first and second half of 2008 in the Charles County. Despite this, the number of home foreclosures has almost doubled in comparison to what it was at the end of the second half of 2007. The decline in the number of foreclosures [...]

The decline in the value of home in the Las Vegas valley by almost 30 percent has made many think that the worst phase of the real estate crisis is over. However, there are many experts who think that a second wave of foreclosures is likely to take place soon, may be in the coming few [...]

Although there have been an increase in home sales in the western region of US, but the Philadelphia area has been reported with a down market in real estate home sales. There has been a decline of 22.6 percent in July in the eight counties of Philadelphia in comparison to the figure last year during [...]

The increasing rate of foreclosure homes nationwide has led to the introduction of a new program by the Yorktown Division of Housing. This program aims to provide help to the people in fighting the real estate foreclosure. A total of 5,800 foreclosures have been recorded across the state in the second half of 2007. Out [...]

The problem of foreclosures has also been hitting the middle and upper middle class families. This is affecting people from all income groups and professions. The scenario is worsening day by day. The slow pace of US economy together with the tight mortgage terms and conditions are responsible for it. Hampton Township is one of [...]

Whoever wins the president election in November; the number of foreclosure homes in the country will keep ascending. It is unlikely the new president would be able to control the situation as the value of real estate properties including homes are slumping with an increase in mortgage day by day. These debtors even owe more [...]

Foreclosure Prevention Pro Bono Project is on its way to help the homeowners to release their real estate properties from the grip of lenders. It’s a project, rather a resolution, taken by Maryland nonprofit groups. The pioneer of this project, Mr. Robert M. Bell, the chief judge of Maryland’s Court of Appeals, has taken the [...]

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 [...]

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. [...]