Texas Upscale Properties on Foreclosure Listings Increasing The overflow of the foreclosure problem from the residential real estate market to the commercial real estate in North Texas has worried industry experts who are expecting a surge of upscale properties on foreclosure listings in the coming months. According to experts, eight commercial properties, with total value [...]

Some respite for Homeowners in Orlando, Florida Home-owners involved in Orange County homes, Orlando foreclosure homes included, are to receive help in the form of free sessions that will guide troubled home-owners through possible options they might have in dealing with their respective situations. With events like these springing up across the nation, home-owners facing [...]

Number of Foreclosure Filings Hits Record High in August When the numbers for August foreclosures were reported, it can not be considered as good news especially considering that there were actually 304,000 homes in default. To make this even more depressing, data gathered by RealtyTrac showed that about 91,000 American families lost their homes to [...]

Senate to Fannie, Freddie: Freeze Foreclosures! This week, several mortgage companies were placed under the control of government-backed enterprises Fannie Mae and Freddie Mac. And to provide the troubled borrowers with immediate relief, the Senate Banking Committee urge the two federal agencies to momentarily freeze foreclosures on these loans, for a minimum of 90 days. [...]

San Francisco’s Role in the California Housing Sector With the costs of houses in San Francisco being very high during the period when the housing sector was at its peak, now, despite the record number of San Francisco foreclosure homes for sale and the resulting drop of prices, prices continue to remain unaffordable. This is [...]

Michigan Foreclosures Receiving Multiple Offers In Genesee County, Michigan, market conditions seem to be different than what can be observed in most housing markets. Instead of the buyers enjoying the advantages, it is the foreclosure sellers who are receiving multiple offers. Such situation has made many experts think if the local real estate market is [...]

Hot Tips for Foreclosure Buyers Recent reports showed that home sales activity in some markets have improved, mainly due to the increase in foreclosure sales. It would seem that these repossessed properties are attracting more and more buyers who are looking to enjoy the savings that come with buying them. Of course, it is not [...]

Benefits of Foreclosure Workshops Ever since the subprime mortgage industry collapsed under the large volume of mortgage defaults, the entire nation has been struggling with the adverse effects of having large inventories of foreclosed homes. To make matters worse, the declining home prices and stricter lending rules have started affecting individuals and families who would [...]

More Losses in Los Angeles, California Nightmare If the first two quarters of 2008 were compared with the first two quarters of 2007, there has been an increase on 286 in Los Angeles foreclosure homes. Many are calling this period to be the worst after the Great Depression. The figures quite clearly show that the [...]

Auctions Galore in Denver, Colorado According to a recent report, Colorado came in at the 5th highest spot when it came to foreclosure rates across the country in 2008’s second quarter, with 1 foreclosure filing in every 129 homes. Nevada, for the same time period, had 1 foreclosure filing in every 43 homes, and came [...]