In the year 2007, in the first quarter, the total number of homes that had at least one foreclosure filing for them was 22,121. This was a dramatic increase from the number of homes that faced foreclosure proceedings in the last year. With such a big leap in its bank foreclosures, Illinois now ranks 12th [...]
Continue ReadingState Marshals in Connecticut are making millions by serving papers to those about to lose their houses. The service costs up to $400 in the state and the homeowner facing foreclosure is the one required to pay the bill. One Connecticut marshal made $2 million serving papers last year in Connecticut and other 6 Marshals [...]
Continue ReadingSince 2001, the rate at which homes in foreclosure are appearing in the Atlanta market is only increasing. There are several reasons that have contributed to this. During the turn of the century, the prices of the homes in Atlanta were high and the interest rates were low. This encouraged homebuyers to stick their necks [...]
Continue ReadingThe foreclosure crisis has been compared to the great recession by many and the number of homeowners facing foreclosure has hit the highest levels in history, but what to do if you are facing foreclosure or if you are willing to invest? ForeclosureDatabank.com has compiled a list of questions and answers that might help people [...]
Continue ReadingWith the real estate crisis home prices are down despite the low prices many homeowners are stucked with the possibility of foreclosure and many are now opting for short sales. Short sales seem to be the only alternative to avoid foreclosure especially for those who paid top of market prices before the real estate crisis. [...]
Continue ReadingThere’s good news for Missouri residents. The Missouri foreclosure homes rate fell down in March as compared to February even as the nation witnessed an increase of 5% in foreclosure filings. RealtyTrac Inc’s March 2008 U.S. Foreclosure Market Report has disclosed that March foreclosure filings for Missouri decreased by 3%, with one foreclosure filing per [...]
Continue ReadingEven as foreclosure rate decreased by 21.21% for the month of March in Tennessee, it increased by 5% in April pushing the state on the 14th position on foreclosures by state countdown. A total of 4,116 default notices, bank repos, and auction sales notices were sent and the rate was 1 household in foreclosure for [...]
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