Chicago recorded higher number of foreclosures in 2010 compared with the previous year. According to real estate brokers, a big percentage of houses for sale in the city was foreclosed or distressed.
Several areas in the southern part of Boston are recording higher foreclosed home auctions. More homeowners are also seeking the services of foreclosure counselors.
The S&P/Case-Shiller Home Price Index released on Tuesday indicated that home prices in the San Francisco metro area declined, but not as steeply as in January. Continued addition of properties to foreclosed home auctions is contributing to price declines.
Foreclosed homes, including government foreclosures, pose potential health problems to residents of Bakersfield, California according to local residents. Some homeowners have complained that abandoned homes with swimming pools have become breeding grounds for mosquitoes that can carry diseases.
Many people find foreclosure homes to be a sound investment option and many more have actually reaped the benefits of purchasing good homes at very low costs.
Foreclosed home auctions will go online in the Lakeland area this year to help reduce the backlog in court filings. More than 14,400 foreclosures were posted in 2009 in Polk County, where Lakeland is located.
Local governments are providing funds to neighborhoods suffering from Virginia foreclosures quicker than before as the Congress-set deadline for using federal funds approaches.
A prospective homeowner asks for advice on buying a condo in danger of foreclosure. The advice includes information on short sale, consent of current condo owner and consent of lender.
There were less Sheriff sales held in California during the 2010 third quarter. The number of foreclosure filings also declined, but total numbers are still at almost record levels.
Distressed homes and foreclosures are expected to contribute to a drop in property values in Oakland County. Assessors are predicting values to fall in 2011.
There at least five developments that affirm plans for investing in foreclosures in Michigan. High inventory of foreclosures, gains in jobs and the recovery of GM are among the good developments.
The number of Dallas foreclosures posted for the April auctions this year broke the record number of foreclosures posted for the July 2009 auctions. For the April auctions this year, a total of 6,168 filings were posted.
A U.S. mortgage funding company said that the number of its loan delinquencies facing foreclosed home auctions rose last month. It also reported that its loan investment portfolio dwindled last month.
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