The rising tide of foreclosures means gloom for property sellers. The balance between demand and supply determines the rate and there are just too many properties on the shop shelves. Foreclosed houses can be snapped up for a bargain but it is bad for sellers trying to compete with bank prices. The banks can’t afford [...]

In Fairfax County foreclosure figures rose by five times more during the first six months of 2007 in comparison to the same time last year. In the first half of 2006 the number of foreclosure listings was 190 but it zoomed to 987 during the same period this year. The County has released these figures. [...]

Cambridge based Real estate consultant Paul Martinez recounts the experience of his client – a novice investor. He built castles in the air around a two-family house in Somerville. The 30-year-old debutante in this field was greatly influenced by shows and advertisements about buying, renovating and converting units into condominiums that could be sold at [...]

At the eleventh hour a Norwich Superior Court Judge cancelled the foreclosure auction proceedings against Waterford Speedbowl property that was scheduled to be held on Saturday. This means hope for short track racing enthusiasts. The weekly event will continue to be held in Southern Connecticut. A spokesperson of Waterford Speedbowl, Terry Eames, confirmed that his [...]

The foreclosure crisis in the country is getting worst day by day and several homeowners are getting affected due to this. A lot is being said and written on the ways and means of handling the foreclosure situation in the country. In this context author Ralph R. Roberts has some up with his book Foreclosure [...]

Jacksonville is being sucked into the whirlwind of foreclosures ranking among the top defaulters in the country. Lake Forest area with a high concentration of houses is the worst hit. The virus has infected all levels of income and localities. Jacksonville has one foreclosure per 123 households – with the highest focus on Lake Forest [...]

The auction firm of Williams & Williams has cause to celebrate – it ranks first in the world for having topped sale of auctioned properties. As foreclosure rates rise more and more house owners have sought escape from troubles via the auction route. According to Mortgage Bankers Association, the last quarter of 2007 saw foreclosure [...]

Desperate house owners about to be disposed and thrown out on the streets will clutch at any straw. There was quite a stir and talk about ways and means out of the foreclosure mess. It seemed all that one had to do was to seek help. But the victim’s state of mind was such that [...]