Bank Foreclosures Sale Articles

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

Since January of this year, over 2,000 commercial buildings in Maricopa County, Arizona received 3-month notices of foreclosure. The total number of commercial properties facing the bank foreclosure list represented $6.3 billion of delinquent real estate loans.

Some families in Franklin, Virginia could soon be owners of affordable houses if the city's application for a federal grant would be awarded under the Neighborhood Stabilization Program (NSP).

A recent market report showed that homeownership continues to become affordable, especially in areas with a high number of bank foreclosed home. The quarterly report released by Wells Fargo and National Association of Home Builders showed that residential properties are more affordable than they were 20 years ago.

The office market in Southern Nevada took a beating from the rising commercial bankruptcies and bank foreclosed properties. In the second quarter, the office market in Las Vegas posted a negative net absorption, for the sixth succeeding quarters.

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 city in Arizona is using federal stimulus funds to help renters and first-time buyers purchase their bank foreclosed homes for sale. The city received about $39.5 million in federal funds under the Housing and Economic Recovery Act.

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.