Foreclosure Listings

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Home prices and sales in Wisconsin continued to drop in the first six months of this year, more effects of the foreclosure crisis and stricter lending practices. Market data showed that the median home price in the state dropped by 3.3 percent to $151,700 in the second quarter of this year, … foreclosure list

July saw increases in foreclosure listings nationwide and statewide. In Sullivan County, Tennessee, there were 202 bank foreclosures and 18 properties for trustee sales last month. Also, the county posted a 2.78 percent rise in the number of foreclosure properties sold in May. Bank owned properties totaled 184 in Washington County, … foreclosure list

Homeowners who are at risk of foreclosures were given a chance to examine their options during a mortgage workshop held in Collinsville, Illinois. The free mortgage workshop, hosted by Illinois officials, provided information to distressed homeowners to help them protect their properties from becoming bank foreclosures or foreclosed VA homes. Bill Smirniotis, … foreclosure

Foreclosure activity in Hawaii surged to a record level last month. A total of 990 properties were placed on foreclosed homes listing in Hawaii in July, representing 332 percent gains compared with last year. In 2008, an increase of 169 percent in foreclosure filings compared with figures in July 2007 placed … foreclosure

A report by West Virginia’s Division of Banking showed that the state’s foreclosed home listings continue to rise this year. The report noted that majority of loan defaults posted this year were accounts by out-of-state banks. In 2008, West Virginia’s mortgage foreclosures rose by 12 percent compared with 2007. The Eastern … foreclosure

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Mortgage Firms Prodded to Modify More Loans Wall Street Journal The Obama administration is pressing mortgage-servicing companies to step up their efforts to modify troubled loans under its housing-rescue program, the latest sign of frustration with the…(read more) real estate

Frank proposes home loan plan for jobless Boston Globe Congressman Barney Frank wants to prevent unemployed homeowners from losing their houses by giving them government money to pay their mortgages. The Newton Democrat, chairman of the House Financial…(read more) real estate

As mortgage lenders accumulate losses from foreclosure listings and as they implement stricter processes and more requirements for loan applicants, incidents of loan fraud have started to increase. According to LexisNexis Service’s Mortgage Asset Research Institute (MARI), the number of mortgage fraud incidents has risen to record levels in the first … pre foreclosures

Foreclosed homes in neighborhoods in Saint Petersburg have put Florida among the top three in rankings of foreclosures by state. In 2008, Florida was second in foreclosures by state with 385,309 residential properties with foreclosure filings, according to foreclosure tracking firm RealtyTrac. It also had the second highest foreclosure rate, … pre foreclosures

Due to layoffs and increased mortgage loan payments, more and more homes in the suburbs of Detroit are being added to foreclosure listings. While these foreclosure properties represent harrowing losses to their former owners, they represent attractive opportunities for homebuyers looking for lower-priced homes for their families. While foreclosure cases in … pre foreclosures

applications index has plunged by 23 percent, from 591.4 to 455.4 during the week that ended September 26. buying foreclosed homes

In an attempt to minimize losses from the financial meltdown, the government was willing to help out these troubled investment firms in the form of a $700 billion bailout plan. Despite the huge amount, many analysts and financial experts are not sure if the amount would be enough to also provide assistance to the millions of homeowners who will be hit by the financial crisis. For this reason, New Jersey Legislature is considering its own set of bills that will further protect homeowners from foreclosure. buying foreclosed homes