Vacation home and federal foreclosures are the ones still in high numbers in Minnesota. The price median shot up by 9 percent to $155,000 in April partly because of second home foreclosures.
The number of foreclosures, including foreclosed houses and foreclosed farm properties for sale, jumped in Kansas City during the month of October despite lenders' moratorium.
Local news groups have reported that not all homes under San Antonio foreclosure auctions are caused by defaulting on mortgage payments. A report indicated that some foreclosures are caused by homeowners not being able to pay their HOA dues.
More Miami foreclosure homes mean more loads of work for the courts, but for real estate investors, these foreclosures are gold mines to be explored. According to local realtors, there are currently 40,598 housing units in foreclosure listings for investors to choose from.
Investors and other buyers are exploring opportunities in North Las Vegas manufactured homes for sale as mobile homes are getting popular again. Nearly 16,000 manufactured homes were sold in the first four months this year.
Home buyers are competing to buy pre-owned homes in Silicon Valley because of the dropping number of homes available for sale, including properties in foreclosure listings.
Florida Governor Charlie Crist has just signed a law to reduce lis pendens and other foreclosure actions in the condo sector. Statewide, total REO units surpassed 9,200 in April.
Several units of beachfront condominium foreclosures are being auctioned in Houston, Texas. The units are part of the high rise building of Palisade Palms in the Galveston area and are being sold by developers to unload their excess inventories.
Buyers of FHA foreclosure homes for sale who are also interested in acquiring PACE loans might have to wait as the Federal Housing Finance Agency has rejected the program in its current form.
Foreclosed houses for sale increased in number in Dayton, Ohio as unemployment crept into affluent neighborhoods and rural areas. A total of 1,420 homes were notified of foreclosure and delinquency in January this year, up by 52 percent from January 2009.
A bill that will impact how bank foreclosed houses for sale in Illinois are sold is being questioned by the Sheriffs' Association despite reaching the governor without a hitch.
The number of foreclosures continues to drop in Dallas. The month of July saw a decline in home, commercial and ranch foreclosures for sale. Although the decline is minimal, the development is still welcome news for the city's housing market.
The number of bank and government foreclosure homes increased in Oregon for the third quarter of 2010 compared with the same 2009 period. Over 12,000 homes received filings for the quarter.
Many bargain-hunting homebuyers have found an edge in their foreclosed home search. By doing Internet searches, they come to negotiating tables knowing pertinent information such as prices, schools, transportation and neighborhoods.
The spike in house sales in April augur well for Portland foreclosure investing. Sales shot up by more than 49 percent to a total of 1,941 units in April.
More investors now purchase foreclosed houses for sale in cash to beat the competition. Homes purchased with cash comprised 26 percent of all home sales in January, a jump of 18 percent from January last year.
VA repo homes and foreclosures did not hit Nebraska as bad as they did other U.S. regions. It is considered one of the areas with the strongest housing market.
Sales of homes and condominium foreclosures and new residential properties declined in Massachusetts. However, other sectors and the statewide economy have improved.
The foreclosures market is definitely a haven for great bargains and super deals. When buying foreclosed houses for sale, however, you still need to learn the finer points in real estate investing to ensure your success.
The Gulf Coast oil spill could drive more residential foreclosures in Louisiana. In May, a total of 1,733 homes were hit with foreclosure filings, up by a staggering 84 percent from the total in May last year.
Las Vegas foreclosures topped all other large metro areas in the U.S. in 2009 based on foreclosure rate largely because the city is dependent on gaming and tourism - industries that always decline during recessionary periods. Nearly 95,000 mortgaged homes in the city were hit with foreclosure postings in 2009.
Boston foreclosure homes are surging in affluent neighborhoods as more businesses fail and more residents lose their jobs. Foreclosure filings increased sharply in Norfolk and Middlesex counties, in Greater Lowell and Dover and in suburban Concord, Carlisle and Lincoln.
Home sales in the Albuquerque spiked by almost 20 percent in the first quarter as Albuquerque foreclosures drove down house prices. The average and median prices dropped to $209,283 and $172,000, respectively, in the first quarter.
Foreclosures in Bronx multifamily residential complexes are facing divergent fates as some of them are already being renovated while others are not getting any kind of attention from the buyers. Among these ignored properties are the Hunter and Stuyvesant Town complexes.
There are still a lot of VA homes for sale in Phoenix. In April, a total of 5,187 homes and condos in the area were posted for foreclosure auctions. More than 50 percent of home resales in April were foreclosures.
The high number of homes under Greenville foreclosure auctions and high rental rates are making it difficult for city residents to find affordable homes. Renters have complained that prices for rental properties are going up faster than household income.
Foreclosed homes for sale Houston, TX might not be experiencing the same decline as other cities in the state, but local homeowners are hoping that their plight will be positively influenced by developments in other areas such as Dallas-Fort Worth, which recorded a decline in foreclosure postings for the second month in a row.
In July, the pace of foreclosed houses for sale and total home sales slowed compared to June. However, total sales increased by 27.7 percent compared to July 2008.
The expiring tax credits and the price impact of REO homes drove the frenzy of homebuying in Denver in April. Closed home sales shot up by 24 percent to 4,188 units and pending sales spiked to 6,616 units.
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