Dallas Foreclosed Homes Up 40% from 2007

Time icon April 30th, 2008 by Autor Joseph Smith

The Dallas Foreclosed Homes scene continues to offer great deals for investors, as new statistics show that the current foreclosure rate in the city is up over 40% from May of 2007. With more than 4,400 homes currently scheduled for auction during the first week of the month, the market is absolutely flooded with new Dallas foreclosure listings, as many experts predicted it would be at the beginning of the year.

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Houston Foreclosed Homes Inventory Low, But Expected to Increase in 2008

Time icon April 29th, 2008 by Autor Joseph Smith

The market for Houston Foreclosed Homes appears to not be rising as rapidly as the rest of the country, but it is still a market worth watching and investing in.

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Gulf Coast Citizens Becoming Victims Once Again

Time icon April 28th, 2008 by Autor Joseph Smith

As the foreclosure epidemic sweeps through the gulf regions of states like Alabama, Mississippi and Louisiana, victims of Hurricane Katrina are losing their homes once again, but not to any force of nature. More and more homes are going to auction along the Gulf Coast, and as foreclosures increase, families who have just gotten their lives back together are once again going to have to start over. But fortunately, many investors have been able to assist homeowners in this region by buying their properties from them before they are foreclosed, allowing them to avoid a credit ruining foreclosure and pay off their debt, while the investor gets a great deal.

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Los Angeles Foreclosed Homes Rising Steadily in 2008

Time icon April 25th, 2008 by Autor Joseph Smith

The Los Angeles foreclosed homes market continues to grow in 2008, as new statistics are indicating that first quarter foreclosures were up 130% over the first quarter of 2007.

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Miami Foreclosed Homes Drop Slightly in March

Time icon April 24th, 2008 by Autor Joseph Smith

While filings of default notices for Miami foreclosed homes were down for the month of March, they are still very high year over year, as the city boast one of the highest rates of foreclosure in the country.

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Foreclosure Have Devastating Effect on Home Prices

Time icon April 24th, 2008 by Autor Joseph Smith

New reports are being issued showing that home prices across the nation are continuing to fall drastically as a result of the rising trend in foreclosure. The national median price of a single family home fell by nearly 9% from February of 2007 to February of 2008, with some of the areas with the lowest median home values also laying claim to some of the highest rates of foreclosure.

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Foreclosures Used to Carry Big Tax Burden, But Not Anymore

Time icon April 23rd, 2008 by Autor Joseph Smith

In the past, undergoing a foreclosure not only ruined your credit and lost you your home, it also left you with a huge tax burden at the end of the year. Even though you retained nothing from the amount garnered by your property’s sale, the IRS used to count the sale as income, and expect it to become part of your taxable income.

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Foreclosure Rise Drastically During 1st Quarter

Time icon April 22nd, 2008 by Autor Joseph Smith

Now that the first quarter of 2008 is officially over, experts have begun to analyze foreclosure data to determine some of the trends in the first part of the year. The first reports are indicating that in several major metropolitan areas, foreclosures have risen drastically.

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Bankruptcies Soaring as a Result of Housing Market Crash

Time icon April 17th, 2008 by Autor Joseph Smith

The month of March saw a huge increase in bankruptcies and bankruptcy filings nationwide, sparking further concern that the economy is in a recession brought on largely by the slump in the housing market.

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Massachusetts Foreclosure Inventory Approaching Record Levels

Time icon April 16th, 2008 by Autor Joseph Smith

As Massachusetts’ foreclosure rate continues to rise, more and more communities outside of major metropolitan areas are starting to see the soaring levels of foreclosure that bigger cities have been experiencing around the country for years.

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