Pre foreclosures in Fort Myers are still contributing to the sharp drop in property values in the area. Over the past 12 months, real estate values in Lee County have fallen by 15 percent.
A sharply rising number of foreign investors are looking for Los Angeles pre foreclosures and other bargain-priced properties. A number of them are Chinese parents looking for houses for their children who are entering U.S. universities.
Obama’s foreclosure plan triggered outrage as some people in media voiced out concerns about unfairness to responsible homeowners and property owners losing properties to tax foreclosures.
Big discounts are waiting for prospective buyers of Fannie Mae homes for sale in Massachusetts. Foreclosures in Massachusetts were sold at an average price discount of 33.4 percent in the first quarter.
Investing in single-family and duplex foreclosures in Colorado, particularly in Colorado Springs is still workable. Foreclosure postings rose to 477 units, increasing the total of foreclosures since January to 1,688 filings.
Atlanta foreclosures counted in January for the February public auctions decreased, but are expected to rise again as major lenders resume their suspended foreclosure activity during the holidays. Over 8,100 homeowners were notified of foreclosure in January.
The second quarter of 2010 showed that foreclosures, including those sold at Los Angeles home auctions, account for a bigger percentage of housing sales in the state and the rest of the U.S.
Several Fresno hotels might soon end up as REO properties for sale as the owners of the Piccadilly Inn are being sued by the Far East National Bank. The bank has asked for a foreclosure order.
The number of distressed homes for sale in the condo sector of Miami could surge further as more lenders took back condo properties. A total of 1,906 newly-built condo units were taken back by three lenders over the past few weeks.
Low-priced bank owned homes for sale in Lee County, Florida have been attracting out-of-state investors. The median for single-family homes fell by 10 percent to $88,000 while the median for condo units fell by 7 percent to $130,900.
Las Vegas builders have reacted to a story on foreclosure crisis featured in a national newspaper. The story focused on building new homes amid the more than 9,500 unoccupied newly-built homes in the city.
Bronx pre foreclosures contributed to the surge in New York City foreclosures in the first quarter. Almost 5,000 residential units in the city were in the foreclosure process during the quarter. Bronx foreclosures, meanwhile, dropped month-over-month but rose year-over-year.
Finding single and multi family homes in Tucson is still a fairly easy task as foreclosure filings continue to rise. More than 37 percent of total home sales in April were distressed properties.
Los Angeles foreclosure investing in single-family or smaller multifamily properties for rental is viable even during the downturn. Smaller multifamily properties acquired at lower prices can turn up a decent income for medium-capital investors.
Finding government tax foreclosures in Sacramento is easier when using reliable foreclosure listings. Total auction sales and repossessions in the county jumped up by 44 percent to 1,267 units in April.
North Carolina, already suffering from high numbers of foreclosed and pre foreclosure houses, is also being battered by rising unemployment rates and surging poverty rate.
Fort Lauderdale-based Bank of Florida finally succumbed to foreclosure properties auction on May 28. A combined total of $47.3 million in failed construction and development loans by seven developers knocked down the bank.
There are low-cost ways to stand out when flipping houses in Chicago. Over 9,000 more units entered foreclosure in the first quarter, so sellers need to make their properties stand out to beat the competition.
Starting a foreclosure proceeding has become more difficult as lis pendens law became tighter. Analysts believe that this could be part of the reason for the decline in pre foreclosures.
Bronx home auctions have become the focus of attention for nonprofit Habitat for Humanity and banking firm Chase. Habitat has $10.54 million in funding for affordable housing in the area while Chase has opened two home ownership centers to serve Bronx and Brooklyn residents.
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 find pre-foreclosure homes to have risen in some areas of the U.S. in the 2010 third quarter. Meanwhile, delinquency rates among borrowers who are less than two months behind in payments rose.
Jacksonville home auctions are expected to step up as mortgage defaults increase in the area. The default rate in Jacksonville reached 10.3 percent in the final quarter of 2009.
Detroit home auctions surged in February, largely driven by underwater mortgages. Foreclosures in Wayne County soared by 69 percent in February as 47 percent of all mortgages in the city became underwater in December.
DeKalb County has been exerting efforts to stop further Decatur pre foreclosures and repossessions. A total of 1,419 homes in the county were posted in May for the June public auctions.
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.
If you want to buy an affordable home, pre foreclosure listings can help you get a better deal. This is one of the smartest ways to shop for your new home.
It is not only homeowners being affected by Staten Island pre foreclosures, but also commercial properties, particularly hotels. The Staten Island Hotel in Graniteville is the latest hotel property that has undergone foreclosure sale in the past six months.
San Jose home auctions continued to get loaded with housing units in the first months of this year, but prices held up. The median sales price for existing homes in Santa Clara County rose by 17 percent year-over-year to $490,000.
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