Archive for February, 2008

Senate Majority Leader Reid Promises to Override any Veto of Proposed Bankruptcy Law Reform Bill

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United States Senate Majority Leader Harry Reid announced Wednesday that he planned to challenge a threatened presidential veto of a recent bill put before the Senate aimed at fighting the rising trend in foreclosure homes but changing current bankruptcy laws.

Rate of Austin Foreclosure Homes Have Come Down

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Austin is one of the few metros that have seen a slight change in Bank foreclosures as the rate dipped in 2007. The auction for homes in foreclosure in September of last year saw 574 homes, which is 21% less than what the rate was in September 2006. By the end of the first two [...]

Ft. Worth Foreclosure Homes have climbed up the charts

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Texas homeowners have been literally living a nightmare through 2007 and 2008 doesn’t seem quite promising either as there is no respite from Texas bank foreclosure homes. The last quarter of 2007 started with a bang as Texas foreclosure homes saw a new high with 36,140 filings. That is a lot of homeowners crying for [...]

Jacksonville Foreclosure Homes are Hot and Loaded

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The Sunshine state has come a long way where bank foreclosures are concerned. The sad part is that there is no respite from Florida foreclosed homes as it keeps climbing up the charts. Experts who believed that 2007 might bring some relief for homeowners have fled their roost because the prediction didn’t include the ballooning [...]

Gov. Martin OMalley accuses mortgage industry for role in real estate crisis.

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Acording to Gov. Martin O’Malley, the mortgage industry is failing to provide assistance for homeowners with their homes in foreclosure. The governor has arranged a meeting with several loan companies in Annapolis to discuss the crisis.

Tampa Foreclosure Homes Creating Negative Polarity

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Florida has always been famous for Florida Keys and the attractive beaches of Miami but off late the attraction has reduced due to the high rate of foreclosures in Florida. A state that has always been teeming with tourism activity lies in doldrums of a housing market that has hit rock bottom. In the last [...]

The Bare Facts of Miami Foreclosure Homes

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Miami is known for many things like its beautiful beaches, trance parties, cool bikinis and much more but now it is in the news due to the rise in Miami foreclosure homes. Off late, there steep rise in Florida bank foreclosures and to a great extent Miami can be held responsible for the increase. Bank [...]

Foreclosure rates on Winston Salem at 66.7% higher

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If there is something more disastrous than famines and the hurricane Katrina then it is foreclosures and it seems like North Carolina bank foreclosures are constantly on the rise. If it goes on anymore like this then there will be in excess of 10,000 foreclosure homes in North Carolina to be auctioned. As a state, [...]

National subprime mortgages increase number of Raleigh foreclosures

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In a recent report taken out by the Center for Responsible Lending, it has been confirmed that the primary reason for increasing number of North Carolina bank foreclosures is the national subprime mortgages. According to them the national subprime mortgage market has grown from $35 billion in 1998 to $665 billion in 2008 and it [...]

Increase on Charlotte foreclosure rates

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In the last couple of years there has been an increase in the number of foreclosure homes in the state of North Carolina. One of the worst hit is Charlotte, the biggest city in the state. Charlotte has a population of around 695,995, and is being considered as one of the prime financial hubs in [...]