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Once the most financially viable States of the US, what with Las Vegas exchanging millions of dollars every day in the entertainment sector, Nevada continues to be leading the Top Ten States worst-hit by the foreclosure fiasco. The latest foreclosure report pertaining to the first Quarter ended March 2010 shows that the worst is not [...]
Written on May 11, 2010 | Posted in
Foreclosures,
Housing,
Short Sales |
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The foreclosure activity, as you can see from the statistics for February published, has not come down, if not going up though. Right from the onslaught of foreclosure tragedy in early 2006, the pattern is similar. The worst-hit States by foreclosure fiasco are the ones, where the real estate business of buying and selling properties [...]
Written on April 14, 2010 | Posted in
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Housing,
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Troubled home owners in the Metropolitan areas of US housing markets are hard-pressed to think of new strategies, for foreclosure avoidance as well as selling their homes. When the real estate market in various cities and towns was trotting on even keel, people were not even aware of the term “foreclosure”. But they woke up [...]
Written on April 9, 2010 | Posted in
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You can find from the foreclosure report published by authentic real estate sites for February 2010 that apart from the old ones – Las Vegas; Phoenix; Los Angeles and Tampa Bay – there are new “Hotspots” emerging in foreclosure activity. They are – Boise – the most populous and capital city of the State Idaho; [...]
Written on April 5, 2010 | Posted in
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It is common knowledge that millions of home owners in the country are worst hit by the foreclosure fiasco. The glossary of real estate market is adding up new terms such as “For Sale By Owner”, “Foreclosure distress sale” and “Short Sale”. In spit e of initiative by the government to redress the grievance of [...]
Written on April 1, 2010 | Posted in
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The beginning of 2010 seems to hold some good news for long suffering homeowners across the US. Statistics released by Bank Foreclosure Sale indicate that the rate of new foreclosure listings has shown a notable decrease in January. Is it possible that short sales and foreclosure figures in the residential market may be stabilizing. The [...]
Written on March 27, 2010 | Posted in
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Short sale transactions are traumatic and unpleasant events but can be the straw that saves many drowning homeowners. What happens though, in short sale and foreclosure cases where the lender still goes after the homeowner after the sale has been concluded? This was the case for one Fredericksburg resident who, after the successful conclusion of [...]
Written on March 18, 2010 | Posted in
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Housing,
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In an attempt to institute actions to mitigate the present nationwide tidal wave of residential foreclosures and measures to prevent the recurrence of the phenomenon the US Department of Housing and Urban Development (HUD) has released a report to congress outlining these recommendations. According to the HUD report one of the biggest contributors to the [...]
Written on March 11, 2010 | Posted in
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Yes – there can be no better timing as of now, to get out of your impending foreclosure, by selecting the escape route of Short Sales. The foreclosure crisis is at its high in all parts of the nation, allowing certain fluctuations in the monthly statistics though. As of January 2010, totally 315,756 US properties [...]
Written on March 7, 2010 | Posted in
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Housing,
Short Sales |
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If you browse the authentic real estate sites online, you will invariably find two striking realities. One – the foreclosure crisis has hit very hard some of the most-sought after locations of the U.S. country and two – as an alternative to escape foreclosure, the troubled home owners select Short Sales in these areas. As [...]
Written on March 2, 2010 | Posted in
Foreclosures,
Housing,
Short Sales |
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