Foreclosure homes are a profitable investment for any realty investors because they allow you to buy a home at lower than market value and repair or remodel it as desired. Once the home is repaired and flipped, it can be sold off at a much higher price than you have initially bought it at. Known as “flipping” this is now a very popular way to make money in the property market more so with foreclosure homes for sale being easily available across the nation.
Read the rest of this entry »
July 4th, 2008 | Posted in Maryland | No Comments
According to ForeclosureConnections, Florida has witnessed a 200% increase in foreclosures for sale from Jan-March of this year, while foreclosures in Orlando have increased in count by almost 250% during the same period.
Read the rest of this entry »
July 3rd, 2008 | Posted in Florida | No Comments
The frequency with which foreclosed homes are arriving in the Virginian real estate market is alarming to say the least. A look at the foreclosure listings of the state will reveal how many mortgaged homes are ending up with defaulted payments and subsequently, foreclosures. Though the concentration of foreclosed houses is high all over the state, some of the highest incidences in Virginia (even in the nation) are reported in the region of Frederick County. This single region has 1 foreclosure filing for every 151 houses, being processed at different stages. Yet, this is not as alarming as the fact that only a few months ago, the foreclosure rate was 1 filing in every 1,932 homes. That means the rate at which foreclosure homes are appearing in this region has jumped up by as much as 12 times!
Read the rest of this entry »
July 1st, 2008 | Posted in Virginia | No Comments
Having a high rate of foreclosure homes is good as well as bad for a state. For a homebuyer who is looking for a cheap home to buy, the foreclosed homes found in a bank or a government auction could be a good source. But at the same time, the high rate of foreclosure in a state increases the chances of any new mortgage home buyer’s chances for a foreclosure too. That increases the skepticism. This is what is happening in Georgia right now. The rate of foreclosures in Georgia has now climbed to third in the nation. The upward swing has started emphatically since 2006 and now it has a very high number of homes that are going through bank foreclosures all over the state.
Read the rest of this entry »
June 30th, 2008 | Posted in Georgia | No Comments
Florida has now come up high on the foreclosure rate list. For several months now, it has stood at number four for its rate in foreclosures. In May of this year, Florida had as many as 25,736 filings at various stages for foreclosures. This was a total six percent high from April of this year. But what is definitely more alarming is that this is more than 72% more from the May of last year. To add to that, Florida has peaked at the second highest foreclosure nation in November of 2007, followed by third highest in March of 2008.
Read the rest of this entry »
June 27th, 2008 | Posted in Florida | No Comments
The rates at which Pennsylvania foreclosure homes are appearing and disappearing from the real estate market makes analysts wonder what the real trend is. However, studies conducted by the California based E-Foreclosuresearch, the real estate analyst of the state has some concrete answers now.
Read the rest of this entry »
June 25th, 2008 | Posted in Pennsylvania | No Comments
Tennessee football player Adam Jones aka “Pacman” has defaulted on his home in Nashville and a foreclosure sale has been published involving his 30 acres home in Nashville. According to the notice of foreclosure sale, Jones has defaulted on the terms and conditions of a mortgage with U.S Bank.
Read the rest of this entry »
June 23rd, 2008 | Posted in Tennessee | No Comments
Yesterday, a new proposed legislation to deal with current New York foreclosure laws was agreed by Gov. David A. Paterson and leaders of New York Legislature.
Read the rest of this entry »
June 20th, 2008 | Posted in New York | No Comments
As chairman of the senate banking committee Chris Dodd has been trying to crack down on companies accused at predatory mortgages at the center of the home foreclosures crisis, but Countrywide, one of the companies being investigated for foreclosure fraud has given Senator Dodd cut rate deals on two loans.
Read the rest of this entry »
June 16th, 2008 | Posted in Foreclosures | No Comments
James York, a Sacramento investor has filed a lawsuit against the Calif. congresswomen and her bank for using influence to force Washington Mutual Inc to back out the sale of the foreclosed home that York bought from Rep. Laura Richardson.
York bought the foreclosed home at an auction after Richardson failed to make her mortgage payments.
Read the rest of this entry »
June 15th, 2008 | Posted in Foreclosed Homes | No Comments
