Foreclosure filings for commercial properties reached the $1 billion mark in the Fort Worth and Dallas areas. Sheriff Sales are also a big part of the two cities' foreclosure market for April 2010.
The number of Fresno foreclosure homes and the rate of delinquency stepped up in January this year. Nearly 4 percent of all mortgaged homes in Fresno were foreclosed in January and over 13 percent were in default by more than three months.
The presence of empty homes and mobile houses for sale is believed to contribute to neighborhood deterioration. In Arizona, a program was launched to address the issue.
Record job losses and mortgage fraud have been driving Rockford foreclosure auctions. The jobless rate in Rockford in March was still high at 17.9 percent despite improving from its January rate of 19.7 percent.
Home foreclosures in Atlanta drove down prices unexpectedly in January, according to NAR. The median price for pre-owned homes dropped by 10 percent to $105,100 in January.
Albuquerque foreclosure homes pushed down house prices and drove more sales in February. Foreclosures surged to 2.4 percent in January and pushed down the average house price from $226,343 to $206,600 in February.
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