The US economy is going through one of its challenging phases. Unemployment is at its peak and people are faltering on mortgage payments. Hence, foreclosures are common. Now the value of the foreclosed properties has crashed to an all-time low. Normally home buyers buy a property with the notion that its value will appreciate over [...]
The real estate market in most regions in the US is in doldrums. As people falter on mortgage payments, foreclosures have become common. Hence property values in most areas have plummeted. But now according to new statistics available not all regions have suffered. Property values in Marin for instance, have remained stable.
There are many homeowners [...]
The US economy is going through one of its challenging phases. Unemployment is at its peak and people are faltering on mortgage payments. Subsequently, foreclosures are becoming common in various regions. In Fort Lauderdale, foreclosed properties are becoming an eyesore. In fact, the city looks more rundown because of the foreclosed properties.
At various foreclosed houses, [...]
In Hawaii the worst of the foreclosure crisis is not yet over. Filings increased by nearly 427% in June 2009 in comparison to 2008. In one year this is the second worst rate. Over 87% of the total foreclosure postings are in the initial stages of the process.
The housing market in Hawaii saw the total [...]
Previous Treasury Secretary Henry Paulson has justified the steps he had taken during his tenure to tackle the foreclosure crisis. He admitted that although the response of the Bush government to the crisis was not perfect it had “saved this nation from great peril.” He said recently in a written statement prior to a hearing, [...]
As the American real estate market goes through a tailspin, the number of foreclosures peaks. The consequences are there for everyone to see – banks taking over the foreclosed properties and the owners fleeing them. As a result, neighborhoods with vacant houses are a plenty in various counties. Crime is rampant in these neighborhoods. But [...]
There is no respite for condo associations in Florida who are faced with the problem of foreclosed vacant units. This has led to a dwindling of subscription towards the fees for the association making it difficult for them to continue with providing services to those owners still residing in the condos and who have not [...]
There are discounted properties galore in Miami but it is necessary to check these before purchasing. People today are rushing to buy quality houses at the cheapest possible price. They are calculating on the savings to be made from these bargain offers. Most of these houses are newly built or hardly occupied by one owner. [...]
