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Lenders Responsible for Bank Foreclosure Property Maintenance
Industry experts on New Jersey believe that banks should be responsible for the upkeep and maintenance of a bank foreclosure property. The maintenance includes cleaning and preparing the foreclosed home for marketing. " When a bank foreclosure property is neglected, neighbors...City Services and Programs Stop Bank Foreclosed Homes for Sale
To control the spread and devastating effects of bank foreclosed homes for sale, the city of Indio launched several programs and services to fight foreclosure. These include the foreclosure ordinance, Housing...Billionaire Buffett: Worst Economic and Foreclosure Crises
The United States economy will get worse before it gets better is how Warren Buffet, the second richest man according to the October 2008 issue of the “Forbes” magazine, viewed the current economic scenario. He cited as indications of the worsening economic situation the...
Treasury Nominee Geithner to Oversee Bailout Program Including...
The Senate is scheduled to take on the economic stimulus program which includes the foreclosure prevention and the confirmation of Timothy Geithner as secretary of the Department of Treasury. " Geithner, who is... $34 Million HUD Grant to Alleviate Colorado Foreclosures
Governor Bill Ritter has promised to use the $34 million federal grant he received under the Housing and Economic Recovery Act of 2008 to address the Colorado foreclosures problem by rehabilitating, reselling or... Foreclosure Contributes to the Dramatic Home Price Drop in of 20 Cities
S&P / Case-Shiller home-price index further fell to 17.4 percent in September compared from what it was a year ago. The scale has been dropping monthly since January 2007, and yearly since 2001."Swelling foreclosures caused home prices to re-deteriorate, while increasing...Over 18,000 Foreclosed Homes Sold in Sacramento
As California foreclosures continue to rise, the inventory of unsold foreclosed homes has increased to more than 5,000 units as of October 20."Nevertheless, the sales rate for repossessed houses in the state has jumped much higher compared to 2007. Of the entire 23, 572...Foreclosure Woes: Jobless Now, Homeless Later
Job loss or unemployment has been triggering the rise of repo home listings, defeating old reasons like bad loans and its effects. So far this year, Americans who lost their jobs reached almost one million; resulting to a lot of foreclosures due to non-payment. Economists...Renters Take Advantage of Foreclosures
The mess in the subprime industry has resulted to a large inventory of foreclosure properties. The increase in the inventory actually triggered decline in home values as well as reduction in equity gains.Such...Fighting Foreclosure Fraud
Starting October 1, rules on the purchase of repossessed homes will be tightened in accordance to a new legislation that has been passed in order to curb the rising incidence of foreclosure fraud. Among the states...Foreclosure Home Sales Up
Housing market conditions have still not recovered and it is only expected that existing home sales remain to be sluggish. But surprisingly, most of the properties being sold are foreclosure homes.Before, buying...Buyers Warned Against Deceptive Real Estate Auctions
According to a report from Inman News, there was a lawsuit that alleges deceptive advertising practices in real estate auctions.One of the complainants, Laura Torres, won a bid for a $153,000 home. After...Foreclosure Tour Bus: Making the Rounds
There are plenty of reasons why people join a bus tour. There are people who hope to see the rest of the country, without spending much on travel expenses while some consider bus tours as a venue to meet new...Who Will Take Care Of Abandoned Foreclosure Pets
It’s a disconcerting outcome of the increasing incidents of foreclosures that more and more pets are being abandoned by their owners. Some homeowners are considerate enough to dump the pets off at animal...
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