Maryland foreclosures available for purchase number around 12,518, a figure less than their neighbors Pennsylvania and Virginia, but somewhat more than West Virginia and Delaware. The average price for these homes is $154,000. Maryland has an unemployment rate of about 2% below the overall US rate as of late. The federal workforce represents a significant [...]

Foreclosures are playing havoc with price of houses whether foreclosed or not withits domino effect. The bad apples are rotting all the other ones in the housing basket.Mansions are not being spared. 67 years old Larry Deans “Dean Gardens” standing on 32,000 square feet in Atlanta is not just a mansion – it’s a mega [...]

The recent housing crisis has caused many landlords to surrender their properties to foreclosure causing many tenants to be evicted by the new owners who fail to give them proper notice and time to make new arrangements. To tackle this problem the Congress has recently passed a law – Protecting Tenants at Foreclosure Act (PTFA) [...]

The market is flooded with foreclosed houses. The banks are offering absurd discounts to get rid of their repossessed houses and this made many angle for affordable homes again. But to avoid a rerun of the same crisis some tips are necessary. Apart from never overreaching one’s limit and reaching for the sky one should [...]

The US economy is going through one of its challenging phases. Unemployment is at its peak and people are faltering on mortgage payments. Subsequently, foreclosures are becoming common in various regions. In Fort Lauderdale, foreclosed properties are becoming an eyesore. In fact, the city looks more rundown because of the foreclosed properties. At various foreclosed [...]

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. [...]

Cheap foreclosed houses are drawing people like magnets. Within two years the value of a house in Glendale fell from $259,000 to $113,000. One in Phoenix dropped from $190,000 to only $45,900. It had cost $275,000 to build a house in Queen Creek in 2005. It was recently asking for $78,000. The entire real estate [...]

The stimulus package being introduced by President Obama aiming to help the foreclosed economy holds out hope for senior citizens. Those Americans who have crossed 55 are most susceptible to the economic pressure because they do not have much time at hand to recover losses. For the elders housing is an important issue – especially [...]