Archive for the 'States' Category

The State Bureau of Financial Institutions' quarterly survey showed that the number of foreclosed houses for sale in Maine continues to rise. But the survey also indicated that the number of new home loans in the state is also rising for the same period.

Auctions in October will see a lot of Texas bank foreclosures as postings of distressed properties grew to record high in Tarrant County and Dallas-Fort Worth areas.

Homeowners who default on their mortgage payments may end up losing their properties to Georgia bank foreclosures without any judicial review in just over a month. And before they realize what really happened, their distressed properties are already on the auction block.

The languishing economy, rising unemployment and crippling credit crunch are starting to strangle many commercial property owners that it would not be long and Florida bank foreclosures would start to flood the real estate market again.

The Massachusetts bank foreclosures rate is the second highest in the New England region. But findings of the Boston University's New England Center for Investigative Reporting showed that despite the high foreclosure activity in Massachusetts, it lagged behind compared with other New England states in terms of punitive actions against brokers and lenders.

New York bank foreclosures are good investments because of their cheap prices. Many smart investors are grabbing foreclosure properties as soon as they are placed on the market because they know that they could earn huge profits from them.

A proposed commercial development project in East Lansing is facing Michigan bank foreclosures and back taxes. According to industry experts, the proposed $116.4 million City Center II project in East Lansing has fallen into foreclosure. Additionally, all the properties in the development project are delinquent in paying property taxes to the city government of East Lansing.

As the housing market continues to languish due to the increasing number of Indiana bank foreclosures, industry experts are finding ways to turn around the current situation for the advantage of small investors.

The Fort Hood Area Habitat for Humanity in Texas may venture into a $1.75 million agreement with the state government to choose bank foreclosures homes sales in the counties of Bell and Coryell.

The Retreat at Stone Eagle located at the Cahuilla Hills is regarded as one of the most resplendent luxury housings in California. Designed by Altervers Associates for Ministrelli Development, The Retreat's multimillion dollar houses stand tall from the craggy canyon, mirroring the look of the northern Costa Smerlada in Sardinia, Italy.

Counselors at the Washington County Housing and Redevelopment Authority (HRA) in Minnesota are helping distressed homeowners avoid bank foreclosure houses.

A study showed that many Illinois residents are living less financially comfortable today than they were two years ago.

Industry experts and analysts agree that the federal government's $8,000 tax credit for first-time homebuyers have helped tremendously in lifting sales of bank foreclosure homes in Wisconsin.

The 64-unit affordable apartment complex, Fox Run in Fraser is at risk of becoming a bank foreclosed housing complex due to nonpayment of over $3.75 million loan it took out from Colorado Housing and Finance Authority (CHFA).

Industry analysts projected the rise in the number of home loans that are two months delayed in payments or are in some stage of foreclosure process before the end of 2009. They expected mortgage delinquency rate in the state to jump to over 14 percent.