Foreclosure Learning Center

During the first nine months of 2007 seven counties in Denver region have recorded 19,000 foreclosures. Only another 300 will break the record of 2006 wherein 19,425 had been filed! The first three quarters of this year saw 19,120 foreclosures against 14,001 recorded during the same period in 2006. This meant a jump of 37%. [...]

The current year has been hard on the values of the real estate properties in most markets with many foreclosure properties coming up. This rise in the figure of the foreclosure properties have created a competition in the market leading to abrupt fall in prices. One of the markets that have felt the pinch of [...]

The business houses that arrange for low and moderate-income citizens to buy houses are being affected by the foreclosure crisis. This is despite the fact that thousands of houses are now up for sale – thanks to the latest catastrophe. For people wanting to set up homes in their own houses the moment could not [...]

It is shocking but true that till date tax laws prescribed that savings on a foreclosure is taxable income. For instance, if a house with a mortgage of $140,000 is sold for $100,000 then the difference will attract taxes. It is a double slap for foreclosure victims undergoing the trauma of having lost their hearths [...]

According to surveys foreclosure notices have been served to 100 properties in Greenwich this year – 35% more than 2006. The situation is worse in Stamford with 226 foreclosures this year marking a 73% jump from the previous year. Norwalk registers a 75% leap with 255 foreclosures. It shows that even strong housing market centers [...]

Everybody has heard about it. The Congress will plug the sub-prime crisis. The Democrats are in the forefront. But their medicine of shuffling taxes seems to take it off the shoulders of one group and putting it on those who are in the clear as regards payment of mortgage dues. Today a foreclosure sale is [...]

A dream log house in West Tisbury could not be save from foreclosure – dues had ballooned to two and a half times more than its original value. It was double the maximum resale permissible price allowed in the deed’s affordable housing covenant. The price being too steep officials of an organization, The Island Housing [...]

In the Michigan real estate business the top option by many home buyers is to go in for Michigan foreclosed homes. This is based on sound reasoning that the Michigan foreclosure process is caused by many eventualities, namely bankruptcy, financial strain, death of house owner or shifting of residence to another place and the like, [...]