Pet Shelters Compelled to Euthanize Animals

Pet shelters throughout the country are now compelled to euthanize animals because their personnel are not able to treat abandoned animals fast enough. A shelter in Elkhart, Indiana has been receiving about 700...

Bank Homes to Arise from 350,000 Exotic Mortgages

The rise in bank homes in the next few years will arise from the 350,000 exotic mortgages taken out from 2004 to 2007, according to a report published by S&P. The report stated that more than 22 percent of...

Boston Foreclosed Homes Pulled Down Median Price

Boston foreclosed homes pulled down the price median for single-family houses and condo units in October. Although home sales rose by more than 17 percent, the median single-family sales price dropped by almost...

Houston Foreclosures for Sale Slowed, but Total Sales Rose

Houston foreclosures for sale that closed in October dropped, but total sales of single-family houses increased by more than 14 percent. The percentage of foreclosure sales dropped to around 19 percent, compared to...

Animal Shelters in Dallas Overwhelmed by Pets

Animal shelters in Dallas are being overwhelmed by pets being brought in by families facing financial hardships and foreclosures. They are also struggling from declines in donations, funding and adoptions. " Animal...

Bank Foreclosure Prevention Program by Citi Up by 20 Percent

The bank foreclosure prevention program of CitiMortgage has been improving significantly. CEO Sanjiv Das also said that the bank has started implementing principal reduction for some deserving borrowers. " The bank...

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...

Abandoned Foreclosure Pets: The Unsuspecting Victims

The number of abandoned foreclosure pets is increasing daily together with the numbers of foreclosure houses. Some homeowners take time to leave their pets at animal shelters, but some leave them at foreclosed...

Fort Worth Foreclosures for Sale Rise as Home Defaults Grow

Fort Worth foreclosures for sale grew in number in the July-September quarter as home loan defaults rose. The pace of foreclosures in the Fort Worth-Dallas area increased by nearly 5 percent from the second...

Bank Foreclosure List Includes Lots of Florida Apartments

The bank foreclosure list of Sovereign Bank and that of Wachovia Bank contain foreclosed apartment complexes in South Florida. Among these are apartments in Palm Beach, Broward and Miami-Dade. " The bank...

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...

Abandoned Pets Since 2007 Estimated at 1 to 2 Million

Abandoned pets since December 2007 has been estimated by the ASPCA at one to two million. Animal shelters and rescues have been struggling as donations and funds dry up. " The number of abandoned pets has been...

Tampa Foreclosed Homes for Sale Still High, Home Sales Up

Tampa foreclosed homes for sale declined in number in October compared to October last year, but the number is still high. More than 6,200 foreclosure actions were filed in Tampa Bay, marking a drop of almost 18...

Foreclosed Listings in Dayton Soared More Than 55 Percent

Foreclosed listings in the Dayton metro area in Ohio grew by more than 55 percent in October compared to the previous month.  A total of 1,070 foreclosure actions were filed in the area in October. "...

San Francisco Foreclosed Homes for Sale Fell, but Will Rise

San Francisco foreclosed homes for sale dropped in number in the July to September quarter, but the number is expected to rise because of the increase in foreclosure filings during the quarter. Home prices in the...

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