According to a report released in September, 2008, median prices of homes in 14 metropolitan areas of south Florida saw more than an 18% fall in median selling prices in August, 2008 as compared with August, 2007. Orlando features on that list. Whether the prices will go further down is a question not many are [...]
Continue ReadingThe Arizona State University released a study in July which stated that 20 to 30% of all home re-sales in Phoenix were foreclosure houses. Their Repeat Sales Index showed that there was a decline of 18% in the value of regional homes from April 2007 – April 2008. The silver lining is that buyers of [...]
Continue ReadingA foreclosure is when a home owner is unable to pay on his mortgage over a period of time and the lender takes over the property. With the entire country reeling under the current mortgage crisis, many people are seeing this as a good time to buy property. These include investors and people wanting to [...]
Continue ReadingAccording to a report released by ForeclosureDatabank.com, 5% of the repossessed properties, in the Dallas-Fort Worth area, sold during foreclosure auctions are acquired by third-party investors. In the last nine months, about 40% of all foreclosure filings have ended up in these foreclosure auctions. The said report covered foreclosures in four counties – Denton, Tarrant, [...]
Continue ReadingA record number of foreclosures across the country have forced prices of property go down substantially, thereby rousing the interest of buyers. This will help bring some stability in the market. And with repossessions continuing to rise, the number of foreclosed houses up for sale is also on the rise. When a house enters the [...]
Continue ReadingThe Standard & Poor’s/Case-Shiller twenty city index was out last week. This index has been tracking the prices of houses which have been sold over for many years, gauging the increase and decrease in values of houses across the country. They reported that the worst ever year to year drop in prices was seen in [...]
Continue ReadingA small San Diego based bank that deals with investing in real estate, Silver Portal Capital LLC, is looking to raise around a hundred and fifty million dollars buy homes part of the San Diego foreclosures. With a majority of the lenders now treading carefully in the debris that the sub-prime mortgage storm has created, [...]
Continue ReadingBob Martin, a Houston CPA, in an interview with My Fox, Houston, spoke of the benefits that the recently passed housing bill would have on Houston Foreclosures. He said that with a provision being made for first time homeowners to get $7500 in tax credits, a fair amount of money would be flowing into the [...]
Continue ReadingThe Texas foreclosure prevention task force announced in March, that by the end of 2008, 150,000 home owners in Texas would be part of foreclosure homes, with 14,000 home owners being part of San Antonio foreclosures. With an increasing number of foreclosure homes, prices of properties have continued their downward spiral. But with not many [...]
Continue ReadingHome owners in Detroit who make their mortgage payments on time are also feeling the impact of foreclosure homes. With neighbors defaulting on their loans, there has been a steady rise in homes engulfed in Detroit Foreclosures. With prices of homes going down 10-20% because of this, home owners regular on payments are feeling the [...]
Continue ReadingThere has been a 24.5% decline in home prices in Los Angeles according to the Standard & Poor’s/Case-Shiller index. This calculation excludes foreclosures. With properties in foreclosure known to sell for lesser than properties other wise, this period is viewed by many to be a good one to buy property. This, along with the $7,500 [...]
Continue ReadingInvestors are buying Decatur foreclosures at a rapid rate. The reason for this is Decatur is a great place to live and has a great economic outlook for the future. If you can, copy what these investors already are practicing. Purchase as many pieces of Decatur foreclosure real estate as possible in order to create [...]
Continue ReadingDid you know that the prices of houses in falling in Stamford. Falling even faster because Stamford foreclosures are on the rise. Too many foreclosures mean lower and lower prices. But what it is doing to the community is terrible. Persons looking to move to Stamford or real estate investors waiting for the housing market [...]
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