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20% of Home Sales Were Made Up of Foreclosures in Third Quarter

Not surprisingly, with the way the economy has been lately, 20% of all houses sold on the US market during the third quarter were previously foreclosed homes, according to a spokesperson for RealtyTrac. The good news is that 20% is a significant improvement when compared to the 30% rate recorded in 2010.

However, 20% is still not . . . → Read More: 20% of Home Sales Were Made Up of Foreclosures in Third Quarter

HAMP Saves 500,000 Homeowners – Lenders Look At Damage Control Options

It is an unquestionable fact that signing 10,000 potentially fraudulent foreclosure affidavits a month shows an amazing amount of devotion to such a deed. One cannot help but think that if such diligence was applied to helping retain some of the people who lost out on their homes, finding themselves at the wrong end of badly conducted foreclosure procedures.

Continue reading HAMP Saves 500,000 Homeowners – Lenders Look At Damage Control Options

Housing Market Scandal Lands Decision Makers In A Catch-22 Scenario

Real Estate disaster is wrecking Hawaii as one of every 371 households in the state was foreclosed last month. This is the ninth highest rate in the country as suggested by the figures of real estate research firm RealtyTrac. Foreclosure procedure for up to 14,408 houses in the island had started by last month and more than 2,000 of these houses had been sold since the first quarter of 2008 as reported by the Center for Responsible Lending.

Continue reading Housing Market Scandal Lands Decision Makers In A Catch-22 Scenario

Analysts Explain The Three Levels Of Foreclosure In US Housing Market

Even though the US housing market is showing signs of stabilization and minute improvements, the rate of foreclosures are going up. However, this also represents an opportunity to new home buyers to buy property that they otherwise might not have been able to afford. Also, this way the properties at least stay in the market. There are certain properties which are already lost to the market or are on the verge of being lost.

Continue reading Analysts Explain The Three Levels Of Foreclosure In US Housing Market