Bank Foreclosures Sale Articles

In what has become a common theme in the real estate and banking worlds, banking giant J.P. Morgan reported a 67% increase in net income for the first quarter of 2011, up to $5.6 billion from last year’s figure of $3.3 billion.

The number of foreclosed cheap homes for sale in Atlanta, Georgia rose again in 2011 as the metro area starts the year with a foreclosure rate increase. The good news is that delinquency rates are down in the metro region, based on a report issued by CoreLogic.

The supply of foreclosed tax lien properties for sale and real estate owned properties in Colorado is still high, housing analysts have stated. They claimed that aside from the already listed distressed properties, there is also a huge number of real estate owned properties or REOs that have yet to enter the market.

Sales of foreclosed single family homes and foreclosed duplex for sale outnumbered traditional residential property sales in Tampa, Florida during the first two months of 2011. Housing analysts predict that this will result in further declines in home prices, particularly since more foreclosed properties are expected to enter the market in the coming months.

Realtors in Las Vegas report that the rate of houses for sheriff sale in the area has increased over the last few months. The rise in home sales figures can be attributed to many investors wanting to take advantage of the dropping home prices.

Bank and FHA foreclosures for sale are still hurting residential prices in Portland, Oregon as 2011 starts. A report from S&P Case-Shiller showed that Portland was one of the major U.S. markets that recorded a sharp decline in housing prices in January of this year compared with December and January of last year.

If you are looking for prime deals in real estate and want to pick up a home on the cheap, all you have to do these days is take a look around. Almost everywhere you turn, prices continue to fall – especially in the big cities, where falling prices are a routine occurrence.

If your turn on the news this morning the first thing you are likely to see are the threats of a government shutdown. Congress is having a very difficult time reaching an agreement on the budget, which raises the potential for a government shutdown in the near future. The inability to reach a conclusion is yet again the result of Democrats vs. Republicans, in the all too familiar bi-partisan battle.

Sales of Freddie Mac foreclosures as well as other types of residential real estate dropped in certain areas of New York in February 2011 compared with year-ago levels. Realtors are mostly attributing the drop to the harsh winter weather experienced in most markets of the state during the month.

Recently released data shows that sales rate of foreclosure condos for sale in Massachusetts dropped to its worst figure in 20 years. Warren Group reports that February sales of condominiums in the state sank to 18 percent compared to 15.7 percent last year. The said group is a company that monitors real estate activities in the area.

While prices of government foreclosures for sale in Galesburg seem to increase, the City Assessor is not yet keen to declare an upward trend for the season. There seems to be no explanation yet for the increase in prices of homes being sold in the area for the period of 2006 to 2010.