Archive for the 'States' Category

The continuing increase in the number of bank foreclosure homes has been haunting the Rockland towns of Clarkstown, Haverstraw and Orangetown for some time now.

Greenvest LC, the largest private land developer in Loudoun County, Virginia has defaulted on its almost $130 million loan. This put majority of the company's real estate holdings into bank foreclosures which will be auctioned off at the county courthouse.

Loan delinquency and bank foreclosed home rates in the state of Connecticut rose to their highest levels in 30 years.

The rate of foreclosure in Vermont remains a threat to the state and its economy. Last month, filings for bank foreclosure homes jumped by 14 percent to 1,135 from 996 posted in the same period last year.

Bank foreclosed house sales accounted for majority of all home sales last month in Michigan. In July, 6,452 properties were sold in Detroit, an increase of 18.7 percent from last year's total sales of 5,436.

Few distressed homeowners have participated in Connecticut's bank foreclosure mediation program despite the high success rate of the

Oklahoma has not been clobbered by foreclosures as sharply as other states because real estate prices in the state did not soar to outrageously high levels during the housing boom.

A growing number of homeowners in St. Louis, Missouri owe more mortgages on their houses than their total market value. This trend has been bothering industry analysts who noted that despite the affordable housing cost in the area, many borrowers are seeing their properties losing equity.

Lane County in Oregon saw its foreclosure activity jumped last month. Filings for bank foreclosed home were given to 221 homeowners in July, a jump of 64 percent compared with last year.

Colorado counties of Garfield and Mesa saw their bank foreclosed home listings jumped to record levels in the second quarter of 2009.

Foreclosure actions that have been sidelined because of an Illinois law that gives ample time to distressed homeowners to work out their troubled loans are starting to move in the forefront.

A look at the foreclosure rate increases in Florida for the last three years would make one conclude that the crisis is not slowing down and will continue to bring more pain to homeowners in the area.

The site of the high-end waterfront residential development project located on Lake Travis, Texas has been listed for foreclosure. According to industry experts, the property is the second major foreclosed bank owned land that happened in Central Texas in less than a month.

Interests among foreign investors to buy bank foreclosures for sale in South Florida have intensified as investing in the area's real estate market offers opportunity for them to become a U.S. citizen.

Just like the other islands of Hawaii, Kauai Island also depends largely on tourism to shore up its economy. Most of the island's workers are employed by enterprises that cater to tourists and travelers that visit the island.