Texas foreclosures have been filed at a lower rate than many other states, especially those states that have been in the eye of the foreclosure storm.  In April, 2011, a foreclosure was filed on one out of every 1,106 homes in Texas. That is a rate that is much lower than similar rates in California, [...]

New York foreclosures have slowed over the last several months and are now occurring at a slower rate than several other states. Only one New York home in 3,795 received a foreclosure filing in April 2011. One of the reasons for this situation is that the New York judiciary has instituted a much more rigorous [...]

California foreclosures are driven by several factors in the economy including the overall unemployment rate in the state.  While the rate is still very high by historical standards, and is among the highest in the nation, it appears to be slowly improving.  As of mid-April, 12.0% of the workforce in California was unemployed, down from [...]

The US is going through one of its most challenging phases. Unemployment is at its peak and people are faltering on mortgage payments. Subsequently banks are taking over the properties and foreclosures have become common. According to Equity Depot report, foreclosures in Atlanta will increase. About 116,905 will come up for foreclosure by 2009, which [...]

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 [...]

Auctions are coming to the rescue of the banks to offload their inventory of foreclosed houses. Rates are being drastically cut but there are risks attached. A house on Shelby Avenue in East Nashville was up for auction among 30 others. The auction was being conducted by Bob Parks Auction – the company being on [...]

The American economy has been one of the worst states this country has ever seen. With unemployment at its peak, people do not have the resources to pay off their mortgage bills. Subsequently, banks have been taking over houses left and right, which has foreclosed homes to rise in places like Nevada, California and Michigan. However, the worst thing of all is [...]

Previous clients of Joan Ramirez, who is a Staten-island, N.Y.- based real estate broker, surrendered to foreclosure after a prominent institutional lender gave them a mortgage which they could not afford to pay. The mortgage was set up with 100 percent financing through a fixed-rate first mortgage, in conjunction with a monthly adjustable second mortgage. [...]