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Listings of Repo Homes to Grow as Default Rates Rose
Listings of repo homes are expected to grow in the coming months because of the continued rise in mortgage defaults. According to LPS, about 12.4 percent of U.S. homeowners with mortgage loans were in default by 30...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...Job Loss, Price Decline Push Up FHA Foreclosures
The number of FHA foreclosures is in danger of going up due to declining home prices and rising unemployment rate. However, the FHA is insisting that it does not need a bailout from the federal government. " Industry experts are pointing to the worsening labor market...South Carolina Makes Way for Government Foreclosures Program
Thousands more of South Carolina's distressed homeowners will be helped by President Obama’s government foreclosures program after the state Supreme Court ordered judges across the state to suspend foreclosure...
Foreclosures Take a Drop from December to January
The number of Americans who are on the verge of foreclosure has decreased last January, although a year ago, it was still up from the same month. Homes lost to foreclosures would have been more if it were not for the initiatives to delay the foreclosure process. " According... Drop in Home Prices Blamed on Foreclosure Sales
Some studies showed that areas that see an increased in foreclosure sales experienced a 1 percent drop in home market values. Most often the drop in home market prices is due to a buyer’s perception of the neighborhood, which may ultimately lead to his refusal to reside in...Home Prices Plummet; Sales Up for Southern California Homes
According to a report released by MDA DataQuick, Southern California home sales volume, particularly in San Diego County, has rebounded while homes prices in almost all counties plunged at a six year-record low....Gap Between Prime and Subprime Foreclosures Narrowing
The foreclosure crisis, which hit the subprime industry at the beginning of 2006, has now crossed-over to the prime mortgages. As the non-profit alliance HOPE NOW reported that for the month of July, about 105,000 of the 197,000 foreclosure filings originated from prime...Bay Area Home Prices Fall; Home Sales Rise
It would seem that buyers are no longer holding back on their decision to enjoy the great opportunities offered by these foreclosure homes in San Francisco’s Bay Area. With home prices declining even further for...California Sees Record Foreclosure Sales in April
California set a new record in April for foreclosure sales, with more than 1,000 homes being sold off at foreclosure auction or through special bank or government home sales per day. This astonishing figure shows...
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