One out of every 196 U.S. households now in foreclosure
Submitted by Anonymous on Thu, 11/01/2007 - 15:08.U.S. residential foreclosure filings nearly doubled last quarter from a year earlier. Foreclosure filings for July-September rose to 635,159, representing one in every 196 households and a 30 percent jump from the second quarter, according to RealtyTrac.
In 45 out of 50 states the level of foreclosures rose in the quarter, with Nevada, California and Florida, leading the pack. Little relief is expected as rising payments on some $650 billion in adjustable-rate loans from the current quarter through the end of 2008 will continue to adversely affect homeowners.
In 45 out of 50 states the level of foreclosures rose in the quarter, with Nevada, California and Florida, leading the pack. Little relief is expected as rising payments on some $650 billion in adjustable-rate loans from the current quarter through the end of 2008 will continue to adversely affect homeowners.
Missouri foreclosures are rising
Submitted by Anonymous on Fri, 10/26/2007 - 21:21.For years, those in real-estate sales in Southwest Missouri have said this area has been insulated from much of the economic fluctuations regularly facing the coasts.
But when it comes to foreclosures, those same agents, along with local government offices and nonprofit agencies, say the Joplin area is seeing the same jump in homes going back to lenders that is taking the rest of the country by storm.
So far this year in Jasper County, 327 families have lost their homes to foreclosure. That compares with 429 foreclosures for all of 2006 and 343 in 2005.
But when it comes to foreclosures, those same agents, along with local government offices and nonprofit agencies, say the Joplin area is seeing the same jump in homes going back to lenders that is taking the rest of the country by storm.
So far this year in Jasper County, 327 families have lost their homes to foreclosure. That compares with 429 foreclosures for all of 2006 and 343 in 2005.
Foreclosure homes dropped 21.5-percent in September
Submitted by Anonymous on Fri, 10/26/2007 - 21:15.Foreclosed homes dropped nearly 21.5 percent nationwide in September over August, according ForeclosureS.com, which has been analyzing and publishing real estate and foreclosure data for more than 20 years.
“Despite what some other data aggregators are saying, the big news is that many states, including some typically hit hard by rising foreclosures, actually saw a drop in the number of people who lost their homes to foreclosures last month,” says Alexis McGee, president of California-based ForeclosureS.com
“Despite what some other data aggregators are saying, the big news is that many states, including some typically hit hard by rising foreclosures, actually saw a drop in the number of people who lost their homes to foreclosures last month,” says Alexis McGee, president of California-based ForeclosureS.com
Nevada’s Nye County foreclosure listings take a jump
Submitted by Anonymous on Fri, 10/26/2007 - 21:05.The number of trustee sales notices soared from nine in August and September 2006 to 47 in August and September this year.
Actual trustee sales of property recorded with the Nye County recorders office -- the final stage of the foreclosure process -- were at a two-year monthly high of 19 in August 2007, while another 16 were recorded in September.
Sixteen notices of trustee sales were filed with the county recorder in August 2006, followed by less than 10 per month until March 2007.
Actual trustee sales of property recorded with the Nye County recorders office -- the final stage of the foreclosure process -- were at a two-year monthly high of 19 in August 2007, while another 16 were recorded in September.
Sixteen notices of trustee sales were filed with the county recorder in August 2006, followed by less than 10 per month until March 2007.
First-times buyers getting good deals on Florida REOs
Submitted by Anonymous on Fri, 10/26/2007 - 20:58.According to Nationalrealtynews.com, three out of every 1,000 homeowners in the nation lost their homes to foreclosure in the first half of this year.
That is up 41 percent compared to the first half of 2006, according to the Web site, which provides daily news and information for real estate agents.
Banks and other lenders don't normally sell the homes themselves. First, they try to auction the home. If that doesn't work, they turn to real estate firms that specialize in selling foreclosures, also known as real estate owned (by the bank) or REOs.
That is up 41 percent compared to the first half of 2006, according to the Web site, which provides daily news and information for real estate agents.
Banks and other lenders don't normally sell the homes themselves. First, they try to auction the home. If that doesn't work, they turn to real estate firms that specialize in selling foreclosures, also known as real estate owned (by the bank) or REOs.
The number of foreclosures in Georgia rises
Submitted by Anonymous on Fri, 10/26/2007 - 20:41.According to Equity Depot, formerly the Atlanta Foreclosure Report, the number of foreclosures in Georgia has risen substantially. Coweta County's rates are much lower compared to the 13-county metro Atlanta region, though there are notable foreclosures in the area.
So far in 2007, Coweta County has a total of 699 foreclosures. Foreclosure rates in Coweta are recorded as follows: January – 77, February – 83, March – 80, April – 69, May - 63, June – 74, July – 60, August – 90 and September – 73, reports Equity Depot.
So far in 2007, Coweta County has a total of 699 foreclosures. Foreclosure rates in Coweta are recorded as follows: January – 77, February – 83, March – 80, April – 69, May - 63, June – 74, July – 60, August – 90 and September – 73, reports Equity Depot.
Florida pre-foreclosure filings soar
Submitted by Anonymous on Fri, 10/26/2007 - 20:31.Pre-foreclosure filings in Florida went up by more than 3,000 in September, Default Research Inc. reported Tuesday.
Florida lis pendens filings, when the bank first files the paperwork on a defaulted payment - the first step in the foreclosure process -- rose from 1,541 in September 2006 to 4,872 in September 2007, according to Default Research. Of those filings, more than 13 percent were condominiums, says Serdar Bankaci, Default Research president and CEO, in a prepared statement.
Florida lis pendens filings, when the bank first files the paperwork on a defaulted payment - the first step in the foreclosure process -- rose from 1,541 in September 2006 to 4,872 in September 2007, according to Default Research. Of those filings, more than 13 percent were condominiums, says Serdar Bankaci, Default Research president and CEO, in a prepared statement.
SBA-guaranteed programs for equipment, working capital and other expansion needs 
Real Estate Investing Guides
