Foreclosure list - Foreclosed Property Prices Lowering Tristate Appraisals
Falling foreclosed property prices in the Tristate have been cutting down home appraisal values and have been hindering some mortgage loan applications. While the low level of foreclosed property prices in the Tristate have been attracting large numbers of investors and first-time home buyers who have cash to spend, the lower …
Source: www.foreclosurelistingsnationwide.com
Prime Loans Driving Foreclosed Home for Sale Inventories
Default rates on prime loans have increased in the first quarter, escalating the number of houses added to foreclosed home for sale inventories. Homeowners who have good credit and who were previously making their monthly home loan payments religiously are now unable to make payments because of joblessness. In the first quarter, …
Source: www.foreclosurelistingsnationwide.com
Tags: Attracting Large Numbers, Cutting, Default Rates, First Quarter, First Time Home, First Time Home Buyers, Foreclosed Property, Foreclosure List, Foreclosure Property, Home Appraisal, Home Loan Payments, Houses Sale, Inventories, Investors, Joblessness, Mortgage Loan Applications, Prime Loans, Property Appraisals, Time Home Buyers