For Sale by Owner – Delay if Possible, Sell Quickly if Not

Time icon November 10th, 2009 by Autor Joseph Smith

If you are a prospective for sale by owner seller, you and other homeowners are being advised by real estate analysts to postpone your listing for some more years if possible. But if you cannot hold out any longer, you must decide quickly because home prices are still falling. Prices may stabilize next year, but [...]

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San Diego Foreclosed Homes for Sale Fell as Sales Rose

Time icon November 9th, 2009 by Autor Joseph Smith

San Diego foreclosed homes for sale slightly declined in number in the July to September quarter, based on a nationwide foreclosure report for major metro areas. Home sales, however, increased as first time buyers and investors competed to buy foreclosures.

In the San Diego, San Marcos and Carlsbad area, more than 18,500 were notified of defaults [...]

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Buying Foreclosure Properties in the Orlando Metro Area

Time icon November 9th, 2009 by Autor Joseph Smith

Buying foreclosure properties in the Orlando metro area is a good proposition because of the continued rise in residential and commercial foreclosures in the area, pushing real estate prices down and making more properties affordable.

In Lake County, which is one of the areas covered by the Orlando-Kissimmee metro area, there are already 4,802 foreclosure filings [...]

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Economists: Federal Tax Credit Improves Housing Market

Time icon November 6th, 2009 by Autor Joseph Smith

The tax credit program of the federal government had helped drive up home sales for the past few months. This is the consensus of many economists based on market data showing home sales increasing by 9.4 percent to an annual rate of 5.57 million last month.
Industry economists have predicted that home sales will increase to [...]

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Multi Family Homes Project Facing Foreclosure

Time icon November 6th, 2009 by Autor Joseph Smith

Mortgage lender Tissa Funding Corp. has filed a foreclosure on a Winsted, Connecticut-based multi family homes project of Anthony Silano, a developer of Winchester Estates. According to filings at the Litchfield County Superior Court, five properties under the ownership of Winchester Highland Ridge and Winchester Estates LLC are facing foreclosure threat. Silano is named as [...]

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Many Single Family Homes Owners Are Underwater

Time icon November 6th, 2009 by Autor wsummers

A nationwide study of the housing markets showed that 23 percent of owners of single family homes owe more on their mortgages than the value of their properties in the second quarter of this year.
According to the study, there has been a significant increase in the number of foreclosures for top-tier homes, with 35 percent [...]

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Bank, Government Tax Foreclosures Swamp Office Market

Time icon November 6th, 2009 by Autor sharon

The office market in Atlanta, Georgia is taking a beating from the growing bank and government tax foreclosures and continuing economic slump. The flood of vacant office spaces in Atlanta has prompted industry experts to predict that it would take at least 12 years before they could find occupants and for the city to recover [...]

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Foreclosure Properties Moving to Suburbs

Time icon November 5th, 2009 by Autor Joseph Smith

For the past years, foreclosures properties were a problem plaguing inner cities in Illinois, mostly in low-income neighborhoods. But this year showed a worsening trend as foreclosures spread to middle-class communities in suburban areas.
Industry experts attributed the unabated spread of foreclosures not just in Illinois but across the country to the growing unemployment rate. In [...]

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Prices of Bank Foreclosures for Sale Rising

Time icon November 5th, 2009 by Autor jparker

A study conducted on the real estate market showed that prices of bank foreclosures for sale are rising. The trend in the foreclosures market is in sharp contrast with the entire real estate market which is experiencing a rapid drop in prices.
The study pointed out that most foreclosure prices in many states are increasing. The [...]

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More Government Foreclosure Homes as Delinquencies Rose

Time icon November 4th, 2009 by Autor jfoxx

Delinquencies on loans insured by Federal National Mortgage Association or Fannie Mae jumped last August, prompting industry analysts to expect an increase in the number of government foreclosure homes in the coming months.
Home mortgage provider, Fannie Mae said that the delinquency rates on single-family home loans it insured rose to 4.45 percent, representing a 0.28 [...]

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