Foreclosure Crisis

Home Foreclosures Continue to Challenge Homeowners, Boost Foreclosure Market

No homeowner out there likes to hear the word 'foreclosure'. Just the thought of someone out there losing the home they worked hard to get is enough to send chills down the spine of anyone who has a home, thinking “It could be me”. And while the foreclosure market adds great buying opportunities to the table, there aren’t many people out there are who rooting for it to swell and grow even
Foreclosure Help

New Mortgage Rule Updates from Fannie Mae

The way mortgage companies interact with homeowners facing foreclosure has irked numerous people throughout the nation, from homeowners themselves to bigwigs in Washington who are starting to take a close look at mortgage companies and lenders. Today, federal loan guarantor Fannie Mae announced new rules designed to change the way lenders and homeowners facing foreclosure
Foreclosure Crisis

U.S. Government Needs to Change Focus

People across the country continue to attribute the number of current foreclosures to the banks allowing individuals to purchase homes on sub-par income as was common before the heightened government regulations and mass number of foreclosures. Although this may have been part of the reason the foreclosure inventory drastically increased over the last few years, the current foreclosures are more than likely due to high

More Latest News

Foreclosure Rates

Foreclosure and Delinquency Rates Decline

June 6th, 2011 by Simon Lindsay

In comparison to the first quarter of 2010, the nation’s foreclosure rate is down 27% providing great news for those hoping for a real estate market recovery. This news indicates that recovery is occurring albeit

Foreclosures

Octomom Battles Foreclosure

June 3rd, 2011 by Simon Lindsay

The word “foreclosure” is not new to anyone in this country, especially after the last few years. To some foreclosure is synonymous with investment opportunities and to others the word means possibly losing their home. Over the last few years we have come to learn that nobody is immune to the possibility of foreclosure, including celebrities. The infamous Octomom is now facing a possible foreclosure of her

Foreclosure Crisis

Ohio’s Boehner Refuses to Back Foreclosure Relief

June 2nd, 2011 by Jason Westmann

Local and state governments across the country are doing their part to create legislation to assist homeowners facing foreclosure in an effort to help the housing market make progress toward recovery. The federal government has even sponsored some programs to keep families in their homes and out of foreclosure. The Idaho Housing and Finance Association is one example of the numerous organizations accepting applications for emergency loans to [...]

Foreclosure Crisis

In This Foreclosure Market, No City is Safe

June 1st, 2011 by Jason Westmann

We’ve been covering the foreclosure market and the impact it has had on cities all over the country. Despite the seriousness of the situation, and the widespread effects we’ve noticed, a few cities have seemed to defy the trend and remain relatively

States

Florida’s Foreclosure ‘Rocket Docket’

May 24th, 2011 by Jason Westmann

We’ve discussed previously the massive backlog of foreclosure cases in the country today, with virtually every region in the country having to deal with thousands of foreclosures pending in the system. This backlog depresses prices and just eats up time and money – prolonging the inevitable for some and also making banks less likely to lend to other

Foreclosures

Surplus of Foreclosed Homes Still Exists – Waiting for Buyers

May 23rd, 2011 by Simon Lindsay

It’s no surprise that the foreclosure market is still going on strong these days, with more foreclosures being added at an artificially-slower rate every month. This has created a surplus of foreclosed homes, which is good news for two different groups of people – investors and

Foreclosures

What Do You Think? American Opinions About the Housing Market

May 19th, 2011 by Simon Lindsay

 Americans have an opinion on everything, from sports to celebrities to world events and everything in between. The housing market is no exception, and not surprisingly, Americans are not afraid to voice their optimism – or lack thereof – regarding the housing

Real Estate Investing

National Association of Realtors Vow to Keep Fighting

May 16th, 2011 by Simon Lindsay

As the struggle to reform and revive the real estate market continues, one major organization is gearing up for a fight to keep the housing crisis on the agenda of lawmakers all across the

Real Estate Investing

Houston Real Estate Agents Sold Fewer Homes in March

May 13th, 2011 by Jason Westmann

Real estate agents in Houston, Texas, sold fewer residences during the month of March 2011 compared with one year ago. This marks the second consecutive month that sales of houses have dipped in the metro area. However, residential prices posted improved figures during the month compared with the same 2010

Foreclosures

Problem of Cheap Land Foreclosure and Low-Priced Houses Eased in Tampa

May 12th, 2011 by Jason Westmann

Since the start of the real estate crisis, Tampa, Florida, has been ranked top among all U.S. areas in terms of number of cheap land foreclosure and biggest drops in residential property values. During the first quarter of the current year though, the metro area was knocked off its perch, giving the local market some cause to

Foreclosures

Sales of Single Family Houses Dipped in Some Michigan Areas in March

May 11th, 2011 by Jason Westmann

Sales of single family houses in various areas of Michigan recorded a drop during the month of March 2011 compared with year-ago levels. Despite the decline in sales, local realtors believe that the housing sector is improving slowly, but steadily. According to them, figures were relatively good, given that last year's numbers were inflated by the tax credit program.