Several legislative bills related to foreclosure assistance programs have been filed in Utah in the past few months. Among these measures, one was recently signed into law. According to housing market observers, the legislation offers provisions that will help the state deal with foreclosures that are expected to happen in the coming months.
Bill Providing Foreclosure Assistance Programs Passed in Utah
April 4th, 2011Nonprofit Wants to Buy Foreclosed Commercial Property in Colorado
April 1st, 2011Those looking to buy foreclosed commercial property, particularly in Colorado areas, are waiting for further news on the Express Inn. Peoples National Bank of Colorado Springs is reportedly seeking foreclosure on the Grot Cimarron LLC loan worth $2.2 million. According to county records, around $1.3 million of the loan have yet to be paid.
Program to Prevent Increase in Foreclosures and Listings for HUD Homes
March 31st, 2011Some housing market observers in Oregon are optimistic that the area can avoid further increases in the number of bank foreclosures and listings for HUD homes in the coming months as news came out that the latest foreclosure mitigation program is set to distribute funds to troubled homeowners.
Empty Foreclosed and Bankruptcy Homes Blamed for Population Decline
March 30th, 2011The city of South Bend, Indiana, has lost almost a third of its population in the last 10 years, according to a report from the U.S. Census Bureau. Economists have asserted that part of the reason was the high number of abandoned foreclosed and bankruptcy homes dotting various neighborhoods of the city.
Tax Lien Foreclosures Continue to Hurt Home building in Tulsa
March 29th, 2011The high number of low-priced distressed properties and tax lien foreclosures in Tulsa, Oklahoma, has taken a huge bite out of new houses' market share. This, analysts stated, resulted in fewer home building activities in the region as builders find it hard to compete with bargain-priced foreclosed dwellings.
New Home Market Thrive Amid Short Sales of Foreclosed Properties
March 28th, 2011New Mexico does not have as much short sales of foreclosed properties transactions as other U.S. regions. This is probably part of the reason why home building is recovering faster in most areas of the state, with March 2011 activities showing a surge in several areas.
Bank Foreclosures Failed to Dampen Home Prices in Boston
March 25th, 2011The presence of low-priced bank foreclosures failed to pull housing prices down in Boston, Massachusetts, at the start of the current year. The metro area was able to buck national trend as prices went up in January despite a nationwide decline in housing prices during the same period.
Sheriff Auctions and Foreclosure Filings Decline in South Carolina
March 24th, 2011The number of foreclosed properties offered at sheriff auctions decreased in South Carolina in February 2011 compared with the previous month. Foreclosure-related actions also declined in several local markets of the state. Housing market experts, however, are reluctant to declare an industry recovery despite a nationwide drop in filings.
Bank and Government Foreclosures Impact Home Prices
March 23rd, 2011Housing sales nationwide dipped in February 2011, with bank and government foreclosures dominating the small number of transactions closed during the month, which caused prices to tumble in almost every U.S. market. In Minneapolis, home sellers are finding it harder to unload their properties, unless they are wiling to sell at a loss.
Real Estate Investments Picking Up in Wisconsin
March 22nd, 2011Home buying activities and real estate investments have increased in several markets of Wisconsin in January of this year. According to industry analysts, the high number of sales in the first month of the year portends positive developments for the area for the rest of 2011.
