The Everett Mall is facing foreclosure, and if the owner of this mall fails to clear its huge debt of $8,000,000 by July 9 2012, the property will be handed over to a new owner at an auction to be held at the Snohomish County Courthouse on July 20.
According to Santa Ana based real estate research company, CoreLogic, there are nearly 1.4 million US homes holding a mortgage which are struggling in some stage of foreclosure in March. This number constitutes nearly 3.4% of the entire housing units in the country.
Norman Rousseau, a resident of Newbury Park, California was found dead a week ago on Sunday. He was a foreclosure victim who had been struggling with foreclosure issues with his lender Wells Fargo. He has left his wife and stepson to continue their ongoing battle against foreclosure.
US Senators Sheldon Whitehouse and Jack Reed along with US Representatives David Cicilline and James Langevine met officials of Rhode Island Housing and announced that there have been nearly 1,475 homeowners in Rhode Island since the beginning of February, who have received approval to get assistance from Hardest Hit Fund Rhode Island (HHFRI).
According to a recent report issued by Census Bureau, the homeownership number in US has moved down to 65.4%, which is the lowest seen in past 15 years. The total number of rented homes moved up by 1,400,000 in the first three months of this year and the number of foreclosures declined by 491,000 homes.
According to a recent report released by The Warren Group Compared to 2011, from January 2012 to till date, there has been twice the number of foreclosure notices in Stoughton while the rate of completed foreclosure cases has remained almost the same.
In comparison to last year, very few properties were foreclosed by lenders in Bexar County till date this year. This is a positive sign for the foreclosure status of this county although there is another wave of foreclosures coming up for auction this May.
It has been announced from LandContractSalesOnline.com that if any homeowner wants to sell his or her property through a Land Contract, then the homeowner will be able to avoid the risk of foreclosure and receive a monthly income from this company throughout the contract period once a buyer has been found.
According to a recent report by DataQuick, published last week, the rate of foreclosure is gradually moving down in Los Angeles County. During the first ninety days of this year, the rate of foreclosure in this county declined by 18% in comparison to the same period in 2011.
After a survey all across the US, a report has been released last week by Foreclosure-Response.org which reveals that among all the worst affected areas of foreclosure in US, Palm Coast occupies third position for the highest rate of foreclosure postings.