Industry experts noted the increasing number of second houses in Southern New Jersey’s bank foreclosed homes listings. The state of second-home foreclosures has led to the creation of a service for property renters.
As distressed listings and foreclosed property numbers rise, more people are renting. The trend has benefited apartment builders, including those in Seattle.
Residential foreclosures, including duplex foreclosures, will continue to pose problems on Washington's housing market in 2011, according to economists. They added that 2012 will be a better year.
Lenders in Massachusetts allegedly favor letting properties end up as bank or Fannie Mae foreclosure properties rather than unload them in short sales. According to analysts, the reason could be fears of fraud common in short sales.
Homeowners facing bank, government or Fannie Mae foreclosures can get help from Ohio's Save the Dream program. The program aims to address the issue before properties get foreclosed.
The city council has finally passed an ordinance to ensure the maintenance of Los Angeles bank owned homes. Currently, an estimated 100,000 distressed homes need to be taken care of by banks.
People who plan on buying Countrywide foreclosure homes and newly built dwellings can benefit if they make a purchase in Arizona. The state has recently enacted a rule that bars resale fees.
A Massachusetts city is slated to spend $18 million to help distressed homeowners save their properties from foreclosures. The funds will also help potential buyers purchase properties on foreclosed homes listings.
The US housing crisis is reflected in Michigan in some ways. As the statewide unemployment rate improved, Michigan also improved sharply its rate from 14.9 percent in March to 13.6 percent in May.
Cleveland pre foreclosure homes are getting the attention of the Ohio Housing Finance Agency and Cincinnati-based American Homeowners Preservation. The HFA will use $172 million in federal money to help the unemployed keep their homes.
Many properties in New Hampshire are in danger of being placed on foreclosed homes listings. For the second quarter this year, mortgage delinquency rate in the state rose significantly compared with the same period last year.
The Dallas-Fort Worth area in Texas posted gains in foreclosed homes filings despite the drop in actual foreclosure rates. Also, a Texas city topped the region in terms of the actual home foreclosure numbers.
Foreclosed homes listings remain high in most U.S. areas, but the home construction market was able to hold its own. House building activities rose in December.
Foreclosed homes listings in a California county continue to grow in July. And the high volume of foreclosure properties on the market pulled home prices down.
Foreclosed homes listings in a Utah county continue to grow. And industry experts are expecting foreclosure to continue its upward trend for the foreseeable future.
Foreclosed homes listings and other types of residential properties posted strong sales in Massachusetts in 2010. Sales and prices were both up from a year ago.
Foreclosed homes listings in Fall River have not been rising as fast as in other Massachusetts cities because of the city's community programs. In contrast, foreclosure activity statewide increased in October.
Print This Article
Add To Favorites