Agents and appraisers are having the last say as against industry reports because against the background of the raging foreclosure crisis it is the locals who are the best judges of the real estate market.
For those living in a housing society the work is easy because one unit is similar to the other. But [...]
Foreclosures continue to rule the roost despite much talk and hype about solutions. But what is self evident from numbers pouring in is that the Bush administration has failed to rein in the galloping foreclosure horse. Like myriad other problems this all-important one about foreclosures is going to be dumped on the new President and [...]
Texas is going against the tide as recent reports show that foreclosures are slowing down here. This report has been released by a California based tracking firm, RealtyTrac in April 2008.
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During March there were 10,700 foreclosure postings in Texas – a decrease of about 16% from March 2007. It is also a drop of nearly [...]
South Bay foreclosure figures are alarming. The question is – how much more can this region take? Statistics show that on each average working day there are 1,038 foreclosure related auctions. In April Santa Clara County recorded 500 postings – this being a 47% hike from the previous month of March 2008 and a 585 [...]
The New Year began on a bitter note: foreclosures jumped by over 100% in comparison to what it was in January 2007. Localized credit counseling agencies are becoming more active.
Consumer Credit Counseling Service is a non-profit organization that is reaching out to those in need of help in six counties of California including Ventura. It [...]
The situation here is far worse than the national foreclosure picture. Carol Thomas is 69 years old. She has just been handed a foreclosure notice and wonders how long she can brew coffee in her own kitchen. She had fallen into a trap laid by a scammer who kept promising that things would work out [...]
On Hendry Street, Dorchester heads of city government arrived in a futile attempt to stop the spread of the foreclosure virus. But when the mayor, police commissioner and the housing inspector arrived all was over. Mayor Menino standing in front of a boarded up three decker house on Hendry Street promised that he would do [...]
Nothing has been resolved as yet and talks are still on between real estate giant Harry Macklowe and his lenders regarding Manhattan office buildings. He had purchased these in the previous year. Technically the inconclusive talks place Macklowe in a default position although according to reports none of the lenders are going on with the [...]
