Foreclosure rates are climbing up in Utah. Over 8% of the house owners in Utah having a mortgage are facing a risk from foreclosure this year’s summer. It indicates persisting weakness in the economy of the state as well as the housing sector. Across the nation about 10% of the borrowers are defaulting at least [...]

During the second quarter of this year the foreclosure rate in Utah is down in comparison to what it was the previous year. It remains far behind the average national figures where the number of foreclosure units is staggering. Towards the end of the June 2007 there were only 0.55% properties in Utah suffering the [...]

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 [...]

Government officials together with executives from prime mortgage lending firms of Massachusetts are to meet today to discuss avenues of escape for the victims of foreclosures. Dan O’Connell, the secretary of Housing and Economic Development of the Patrick administration has taken the initiative. He corresponded with executives of top ten mortgage firms in Massachusetts asking [...]

New statistics show that during the third quarter Detroit led all other urban areas antionally with the highest rate of foreclosure. With one out of every 80 houses entering some stage of default or foreclosure, Detroit’s foreclosure rate rose 42% during the second and third quarter. Many experts say that this is no surprise. Michigan [...]

Following the nationwide trend, foreclosures in Oklahoma have taken an upward turn, rising almost 14% between the second and third quarters of this year. Homeowners across the state seem to be unable to keep up with their monthly mortgage payments, especially in the urban area of Omaha. This is seen as a result of rising [...]

Although Tennessee ranked among the nation’s top 10 in 2005 foreclosure rates during the second quarter, Nashville, the state capital, has a rate better than both the state and national averages. Nashville’s current foreclosure rate stands at one in every 501 homes being foreclosed. Memphis, on the other hand, has a drastically higher rate of 1 in ever [...]

Foreclosure filings in Palm Beach, Martin and St. Lucie counties reached a new high for the year in June. Due to rising mortgage costs and insurance rates, new reports show that in Palm Beach County alone, the amount of homes entering some phase of foreclosure went from 849 in June 2005 to 920 last month, [...]