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Phoenix Foreclosed Homes Comprised 66 Percent of Market
Phoenix foreclosed homes accounted for 66 percent of housing market activity in October, according to Jay Butler, real estate professor at the Arizona State University. The median sales price for foreclosed homes...Federal Program Helps Buying Bank Foreclosures in Delaware
Buying bank foreclosures has never been made easy in Delaware. A federal program gives incentives to Delawareans to buy foreclosed homes. " The federal Neighborhood Stabilization Program has been helping people in...Project: Buy on Foreclosed Homes List, Fix, Sell to Veterans
A nonprofit organization has launched a project that aims to purchase on foreclosed homes list, rehabilitate and sell them to disabled veterans. The two individuals responsible for the project said that this is their way to help the federal government alleviate the effects of...Unemployment Drives More Foreclosed Houses in Decatur
The number of foreclose houses in Decatur keeps on rising because of the rising joblessness rate in the city. Decatur’s unemployment rate in April was among the highest rates in Illinois. " As joblessness worsens in Decatur, the largest city in the Illinois county of Macon,...City Pressured to Ease Fines on Bank Owned Foreclosure
A California city's measure requiring lenders to maintain bank owned foreclosure is receiving flak from critics. The city is being pressured to lower fines and penalties and give lending institutions more time to repair and improve foreclosed properties. " The city of Chula...Foreclosed Houses Over 34 Percent of Orange, California Sales
In May, the percentage of foreclosed houses in total home sales in Orange County, California is still big at 34.2 percent despite a drop from the peak foreclosure share in January. Banks repossessed nearly 600 houses in May."The percentage of sales of foreclose houses in...San Diego Mansion, Now Just One of Many Foreclosed Homes
A mansion once standing as among the most spectacular mansions in the city of San Diego is now just one of thousands of foreclosed homes in California. Not only that, it was also stripped of about one million dollars worth of fixtures, equipment and appliances."A...New York City Launches Better Way to Restore Foreclosed Homes
New York City Mayor Michael Bloomberg announced he is going to spend the $24 million given by the U.S. Department of Housing and Urban Development to repair foreclosed homes and then resell them under a scheme that...Foreclosed Houses Open Doors for New Homeowners
The township of Redford is willing to spend $3.04 million of government money to purchase foreclosed houses, restore them and help low earning families buy them. The fund from the National Department of Housing...Aurora Finalizes Plans for the $4.5 Million HUD Foreclosure Funds
Joseph Garcia has been going around his city of Aurora in Colorado as manager of the city’s Community Development Division, inspecting neighborhoods with lots of foreclosed houses. He has been evaluating abandoned and repo homes as he finds ways to help the city allocate...
Indiana Asks for Comment on $84 Million Federal Foreclosure Funds
Are you from Indiana? Then go to the web site of the Indiana Housing & Community Development Authority (IHCDA) and comment on IHCDA’s proposal concerning the use of the $84 million given by the federal government to Indiana to help solve foreclosure problems."The amount... California’s Schwarzenegger Proposes a 90-Day Suspension of Foreclosures
Schwarzenegger has presented his foreclosure moratorium proposal to legislators in the first week of November, including his proposals to increase taxes and reduce expenditures in order to reduce the state’s...Oakland Tackles Foreclosed Homes With Federal and State Money
Oakland has been granted an allocation of $8.2 million from the U.S. Federal Housing and Economic Recovery Act to rehabilitate foreclosed houses in the city, but it must submit specific proposals by December 1 on how to help residents at risk of foreclosures and on how to...Preventing Foreclosures Should Be One of the New President’s First Actions
Whoever between Barack Obama and John McCain is elected U.S. president on November 4, 2008 will have to work with great urgency, together with his advisers, members of Congress and agency heads, to create remedies to solve mortgage and foreclosure problems and establish...Foreclosure Tour Bus Now in Houston
The foreclosure crisis did not only result to bad things. If you look around, you might find quite a number of foreclosure brokers who are making a profit by taking advantage of the opportunities offered by these...
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