foreclosure learning center articles
Avoid Foreclosure
People are loosing their homes due to foreclosure on a daily basis. Foreclosures are at a record high and regrettably in lean economic times such as these, the number of foreclosures will only increase. It does not have to be that way. Foreclosure can be avoided if the homeowner and the bank are willing to work together:
continued...› | 10/1/2008
Ohio Foreclosed Homes
The list of Ohio foreclosed homes is growing as a weakened economy and relaxed mortgage practices takes its toll on the Buckeye State. At the end of 2007, the Mortgage Bankers Association (MBA) reported that the state had one of the country's highest percentage foreclosure rates of outstanding home loans in foreclosure at 3.9 percent. Regionally, foreclosures in Columbus Ohio rose in the first quarter of 2008 by 50 percent over the previous year, according to one source. Foreclosures in Cleveland Ohio were also up 50 percent for the same period.
continued...› | 8/21/2008
Texas Foreclosed Homes
Dallas, San Antonio, Austin, and Dallas-Fort Worth may be in the top ten of the Forbes list of "America's Recession Proof Cities" (announced in spring 2008), but it has not exempted them from experiencing a sizeable increase in foreclosure activity. In fact, foreclosure filing activity in Texas during the first quarter of 2008 increased between 20% - 28% from the first quarter of 2007 (based on two industry sources).
continued...› | 8/21/2008
Georgia Foreclosed Homes
Georgia, like a majority of other states, has watched the number of foreclosure filings rise significantly over the past year. With a large percentage of adjustable rate mortgages (ARMs) expected to reset in the next two years, many local experts believe the number of GA foreclosed homes will only continue to grow.
continued...› | 8/21/2008
Florida Foreclosed Homes
Only a few years ago, Florida could boast of being at the top of most real estate hotspot lists and surveys. However, today the state holds a much less prestigious distinction - ranking #2 for the highest foreclosure counts in the country. For well over a year, the number of foreclosed Florida homes has been growing consistently placing the state in one of the top five spots for foreclosure filings nationwide.
continued...› | 8/21/2008
California Foreclosed Homes
California has experienced some of the highest foreclosure numbers in the country. The state earned the dubious distinction of being #2 in foreclosure activity; for every 200 households in California, there was 1 entering into some stage of the foreclosure process. In terms of trending predictors, California is not faring well because in the first three months of 2008 foreclosures soared more than 300%.
continued...› | 8/21/2008
Find Foreclosed Homes
You hear it on the nightly news and read it in your local newspapers, foreclosure home lists are growing daily and so are the potential opportunities. The escalation of foreclosure filings means that those in the market to buy or invest in a home can find great deals.
continued...› | 8/21/2008
List of Foreclosed Homes
In today's market, any prospective homebuyer, real estate investor, or agent should be investigating local foreclosed home listings as part of their search for that perfect next home or investment. There are many ways to obtain a list of foreclosed homes, including searching the local newspaper, visiting the county courthouse
continued...› | 8/21/2008
Foreclosed Homes Can Save You Money
Buying a home can be an expensive undertaking, but it does not have to be. Savvy bargain hunting homebuyers are leaving no option unexplored when it comes to getting the best price possible on a home. That is why many are taking a closer look at foreclosed homes.
continued...› | 8/21/2008
Michigan Foreclosed Homes
In Michigan, there are two different processes by which a lender can foreclose: judicial action or advertisement. For residential property, lenders most often use foreclosure by advertisement, which is contractual in nature and governed in part by the terms within the mortgage document.
continued...› | 8/21/2008