Prime Loans Driving (Home foreclosures) 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
Foreclosed Properties Cut Santa Clara Value Growth
The large number of low-priced foreclosed properties in Santa Clara, California has cut down the growth of property values in the county as of January 1, 2009, based on a report released by the county this week. Total assessed property values in Santa Clara grew by only 0.18 percent compared to …
Source: www.foreclosurelistingsnationwide.com
Tags: Default Rates, First Quarter, Foreclosed Properties, Home Foreclosures, Home Loan Payments, Houses Sale, Inventories, January 1, Joblessness, Monthly Payments, Prime Loans, Property Values, Santa Clara California