Foreclosure rates in Clark County Nevada, the county seat of which is Las Vegas, have increased significantly in 2006 from 2005, up 36%. Many attribute this to rising interest rates in the area, as well as slow-downs in the rate of value appreciation in homes across the region. This could lead to even more foreclosures [...]
This year’s foreclosure statistics show that one out of every 71 Ohio households filed for foreclosure in 2005. This makes it another record year for a problem that has ravaged counties all over Ohio and grabbed the attention of state lawmakers.
Nearly 64,000 foreclosures were filed in 2005, a figure that is quadruple the number from [...]
FHA-insured homeowners of the Gulf Coast area who have been affected by Hurricanes Katrina, Rita, and Wilma received further relief last week when HUD Secretary Alphonso Jackson directed all FHA-approved lenders to extend HUD’s moratorium on foreclosures of FHA-insured mortgages by 120 days.
The action extends a moratorium that had been in effect through February 28. [...]
ForeclosuresMass, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released a report today showing that Massachusetts foreclosures are surging to new levels.
February of 2006 produced more foreclosures than any other month in the past three years. Jeremy Shapiro, president and co-founder of ForeclosuresMass, attributes this to several factors. [...]
After three years of rapidly inflating real estate, loose credit and easy-to-own financing, the number of court filings for foreclosure in Florida’s popular Palm Beach County is on the rise. Martin County’s pre-foreclosure filings are at their highest level since February 2005, and in St. Lucie County 113 pre-foreclosure notices were filed between Jan. 1 [...]
As of last month, an industry group reported that there were 88,093 foreclosed residential properties available for sale in the United States.
That figure shows a decrease of 7 percent from the amount of foreclosed residential properties available for sale in January. Also, the amount of new foreclosures listed for sale in February (which was 21,402) [...]
Traditionally a state where foreclosure rates are high, Texas has seen a drop in the foreclosure rate the past two months. According to a recent study, Texas saw a 7 percent decrease in foreclosure from January to February.
This means Texas is no longer one of the five states with the highest rates of foreclosure.
