foreclosure crisis

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Latest blogosphere posts tagged “foreclosure crisis”

• Job Losses May Trigger 2nd Banking Crisis

  
  LoanWorkout.org — Authority: 440
  The unemployment rate now stands at 10.2%, yet stocks are at a 2009 high. The bulls will tell you not to worry; the unemployment rate is a lagging indicator. True as that may be, Charlie Gasparino author of The Sellout, has a word of warning: the jobs data may be a leading indicator when it [...]
  4 hours ago

• The Need to Communicate

  
  News and Articles About Real Estate and Foreclosures - Foreclosure DataOnline — Authority: 123
  We can say that the foreclosure crisis is not at its peak yet. One of the solutions offered by experts is to mediate. Such a situation is specific to a period of crisis. Debtors are not able to pay their debts and creditors call the executors. Nevertheless, we must take into consideration the fact that this ...
  1 day ago

• State seeks funding for land banks

  
  Michigan Messenger — Authority: 669
  The state of Michigan is applying for $290 million in federal funds to help set up or fully fund municipal land banks that help local governments take control of foreclosed and abandoned properties. The Detroit News reports : The Michigan State Housing Development Authority has proposed launching the “New ...
  2 days ago

• Dallas Foreclosed Homes for Sale Rose 34 Percent

  
  Foreclosure Homes For Sale Information — Authority: 129
  Dallas foreclosed homes for sale still floods the Texas housing market. For this month, nearly 6,000 foreclosure houses are scheduled for auction, representing an increase of 34 percent compared with last year. For the first 9 months of this year, the number of foreclosure properties hit 51,000. Industry experts ...
  5 days ago

• The Atlanta Retail Foreclosures Are Now A Part Of The Troubled Economy (Part I)

  
  Foreclosure News - Foreclosure Warehouse.com — Authority: 125
  John T. Adams, the developer Crabapple Mercantile Exchange in Milton and Ellard Village in Alpharetta, the twin suburban retail centers in Atlanta ‚ paid deep attention to the minute facts like wooden overhangs, historic-looking brick facades and wrought-iron fences. Recently, however both the projects went into ...
  6 days ago

• Michigan Foreclosures Were Illegal

  
  LoanWorkout.org — Authority: 440
  Detroit — Tens of thousands of Wayne County foreclosures — and potentially hundreds of thousands across the state — are unlawful because sheriffs did not follow state law when they conducted foreclosure auctions, an attorney said Wednesday.On Tuesday, Bloomfield Hills attorney Paul Nicoletti filed a proposed ...
  6 days ago

• Stockton Foreclosure Listings Driven by High Jobless Rate

  
  Foreclosures Blog - Foreclosure Listings Nationwide — Authority: 128
  Stockton foreclosure listings continue to grow because of the high level of unemployment in the area. Although the pace of foreclosures slowed down slightly in the July to September quarter compared to the same period last year, the rate of foreclosure in the area still increased by nearly 2 percent from the previous ...
  6 days ago

• Volunteers Find Foreclosure Homes to Clean Up

  
  Foreclosure Homes For Sale Information — Authority: 129
  An increasing number of volunteers find foreclosure homes to clean up thus preventing them from ruining the curb appeal of neighborhoods. According to industry experts, in some areas where foreclosure rates are highest, such as Florida and Nevada, volunteering to clean up abandoned and vacant properties is becoming ...
  1 week ago

• Brooklyn Foreclosed Homes for Sale Hurting Market Prices

  
  Foreclosure Homes For Sale Information — Authority: 129
  Brooklyn foreclosed homes for sale under $300,000 are expected to swamp the New York housing market. Results of a recent market study showed that the foreclosure crisis has severely affected multi-family buildings located in low income neighborhoods in Brooklyn. The study showed that 80 percent of repossessions ...
  1 week ago

• U.S. Banks to See Sizable Losses on Commercial Property

  
  LoanWorkout.org — Authority: 440
  U.S. banks are at risk of sizable new loan losses, particularly on commercial property, and some banks may not have sufficient capital to fully cushion against losses, a Federal Reserve official said on Monday.Some large regional and community banks that have built up unusually high concentrations in commercial real ...
  1 week ago

• California Attorney General Brown’s Letter to Banks & Loan Servicers

  
  LoanWorkout.org — Authority: 440
  The foreclosure crisis continues to plague California homeowners who are trapped in mortgages with exploding monthly payments. While the economy is beginning to improve, homeowners desperate to save their homes have seen little relief. And analysts predict that foreclosures will continue to worsen, particularly as Pay ...
  1 week ago

• Fort Worth Foreclosed Homes for Sale Pulls Down Home Prices

  
  Foreclosure Homes For Sale Information — Authority: 129
  Home prices in Texas continued to drop, albeit at a slow pace, partly due to the flood of Fort Worth foreclosed homes for sale that glut the market. Recent market data showed that pre-owned home prices dropped by 1.2 percent two months ago, compared with the same month in 2008. According to industry experts, the ...
  1 week ago

• Los Angeles Foreclosure Lists Driven by Tourism Job Losses

  
  Foreclosures Blog - Foreclosure Listings Nationwide — Authority: 128
  Los Angeles foreclosure lists continued to grow as the unemployment rate in the area continued to rise, based on data from a foreclosure tracking firm. A total of 69,403 households in the Los Angeles, Santa Ana and Long Beach metro area received foreclosure filings in the July to September quarter, representing 1.6 ...
  1 week ago

• Foreclosures Increase - Produce The Note Offers Hope

  
  The Consumer Warning Network — Authority: 118
  By Larry Wiezycki: The third quarter of 2009 has been labeled the ‘ worst three months of all time ‘ for foreclosures. Even though we’re seeing signs of economic recovery, people are still fighting to stay in their homes. Some get the run-around from banks , some are told by their lender they won’t ...
  1 week ago

• New Foreclosure Hot Spots Ravage the US

  
  LoanWorkout.org — Authority: 440
  Among those new hot spots were Boise City-Nampa, Idaho which saw a 142 percent increase in foreclosures in the third quarter compared with the same period a year ago. Other new foreclosure hot spots include Provo-Orem (120 percent increase) and Salt Lake City (105 percent increase) metro areas, both of which are in ...
  1 week ago

• Habit for Humanity Now Welcomed in Wealthy Enclave that Once Opposed I

  
  The Washington Independent Blog — Authority: 155
  The foreclosure crisis has taken a turn in California’s wealthy Marin County, according to Miriam Alex-Lute at Rooflines. Marin residents waged a legal fight a few years back to keep out Habitat for Humanity, the charitable group that builds houses for low-income buyers. But now that abandoned, foreclosed houses ...
  1 week ago

• Can land banks help solve Detroit’s foreclosure woes?

  
  Michigan Messenger — Authority: 669
  Over at WalletPop , they’ve looked closer into a big recent auction of foreclosed properties in Detroit, and it’s an even bleaker situation than first reported . The Wayne County auction of some 9,000 repossessed properties last week resulted in more than 80 percent of them failing to draw a single bid. And ...
  2 weeks ago

• Can Land Banks Help Solve Detroit’s Foreclosure Woes?

  
  The Washington Independent Blog — Authority: 155
  Over at WalletPop, they’ve looked closer into a big recent auction of foreclosed properties in Detroit, and it’s an even bleaker situation than first reported. The Wayne County auction of some 9,000 repossessed properties last week resulted in more than 80 percent of them failing to draw a single bid. And ...
  2 weeks ago

• Lack of Education has Been to a Large Extent Behind the Foreclosure Crisis

  
  Foreclosure News - Foreclosure1.com — Authority: 123
  With the passage of time since the bursting forth of the foreclosure crisis it seems evident that one of the prime reasons behind it has been lack of education among ordinary Americans. It made it easy for predatory lenders to prey on the gullible. The story of the economic success of America has always been ...
  2 weeks ago

• 3.5 Million New Denver Foreclosed Homes for Sale Expected

  
  Foreclosure Homes For Sale Information — Authority: 129
  The number of Denver foreclosures for sale is expected to grow by as much as 3.5 million in the next two years. This is the bleak prediction of industry experts as they noted the increasing number of homeowners who lost their jobs or have reduced their income. Market data showed that 2009 will surpassed the number ...
  2 weeks ago

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