Foreclosure Listings

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

Repossessed Houses Pushed Down Sales of New Homes in May
The attractive prices of repossessed houses have pushed down sales of new single-family houses in May, based on home sales data released this week by the U.S. Commerce Department. In May, sales of new single-family houses declined by 0.6 percent to an adjusted yearly pace of 342,000 from April, representing a …
Source: www.foreclosurelistingsnationwide.com

Fed Money to Buy and Gear up Repossessed Houses for Sale
States and cities are just starting to spend the millions they received from the federal Neighborhood Stabilization Program to buy repossessed houses for sale, rehabilitate them and then sell them to lower-income families. Nearly $6 billion in NSP funds were allocated by the federal government to states and cities to help …
Source: www.foreclosurelistingsnationwide.com

A group of 20 senators led by Senators Claire McCaskill, Jack Reed and Chris Dodd wrote Treasury Secretary Timothy Geithner to urge him to address the roadblocks currently slowing down the Obama administration s foreclosed housing prevention program. The senators learned from a National Foreclosure Mitigation Counseling Program report that it takes … pre foreclosures

The attractive prices of repossessed houses have pushed down sales of new single-family houses in May, based on home sales data released this week by the U.S. Commerce Department. In May, sales of new single-family houses declined by 0.6 percent to an adjusted yearly pace of 342,000 from April, representing a … pre foreclosures