Pre foreclosures – Rise in Sales of Homes on Lists of Bank Foreclosures
Sales of existing homes and properties on lists of bank foreclosures surged by 14.5 percent in South Hampton Roads in Virginia. Data released showed that investors and first-time home buyers have showed interest again on the housing market, driving up home sales in the area. The data indicated that in May, …
Source: www.foreclosurelistingsnationwide.com
NAHB Housing Market Index Fell as Foreclosure Listings Grew
As foreclosure listings grew in many housing markets nationwide in June, the Wells Fargo/National Association of Home Builders HMI or Housing Market Index fell to 15, a difference of one point from last month. The index, whose maximum level is 100 points, reached its highest peak in December 1998 when …
Source: www.foreclosurelistingsnationwide.com
Low Appraisals Contribute to Rise in Foreclosure Homes
A rising number of homeowners are complaining that they cannot refinance their homes to prevent them from becoming foreclosure homes because appraisers have been making extremely low home valuations. California-based aerospace engineer Patti Sanders said her mortgage lender rejected her loan refinancing application because her large Victorian house, which was appraised …
Source: www.foreclosurelistingsnationwide.com
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