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Military Homeowners Need More than Tax Credit for Foreclosure

March 21st, 2011

Housing market analysts have stated that, with the tax credit for foreclosure initiative done and dusted, the government should now focus its attention on protecting current homeowners, particularly military personnel. In Michigan, steps have been taken to make sure that military personnel's homes are not foreclosed on while their owners are in active duty.

Lis Pendens Foreclosure Bills Target Mortgage Servicers

March 18th, 2011

The problem of lis pendens foreclosures has resulted in legislators shifting their attention to mortgage loan servicers. In Texas, a number of legislative bills have been filed proposing changes to the industry's practices. Mortgage servicing has long been a field where regulation is limited in both the federal and the state level.

Foreclosure Auctions Up in Seattle in February

March 17th, 2011

Foreclosure-related filings and foreclosure auctions increased in Seattle, Washington, in February 2011 when compared with year-ago levels. The increase brought the metro area's foreclosure rate at a level that is higher than even the national average. It was also notable due to the fact that the whole country and majority of U.S. markets posted decreases in foreclosure numbers during the month.

Homeowners Get Funds If Real Estate Brokers Sold Their Houses for More

March 14th, 2011

In Colorado, a number of former homeowners who had their properties sold by real estate brokers at foreclosure auctions are set to receive tens and even hundreds of thousands of dollars. According to local trustee officers, they have received a lot of telephone calls from foreclosed owners trying to find out whether they are eligible for some money from the foreclosure sales.

Houses and Condominium Foreclosures at Bargain Prices in Charlotte

March 11th, 2011

The high number of distressed residential properties and condominium foreclosures has pulled the prices of real estate down in Charlotte, North Carolina. Local realtors reported that vast choices offered at bargain prices are waiting for buyers in the metro area. Most market analysts consider Charlotte as one of the most affordable places for U.S. homebuyers.

Foreclosure Assistance in the Form of Procedural Reforms Proposed

March 10th, 2011

Legislators in Virginia are trying to provide foreclosure assistance to troubled homeowners in the form of foreclosure process reforms. Several legislative bills have been proposed in the region designed to overhaul foreclosure procedures in the state. According to legislators, the bills were meant to eliminate shortcuts allegedly used by lenders in foreclosing on properties.

Foreclosure Tax Deed Sales Failed to Alleviate Lack of Housing

March 9th, 2011

Although low-priced foreclosed houses and tax deed sales are in huge supply in the city of Nashville, Tennessee, majority of families are still unable to afford them and most are still in need of affordable housing. Most of the area's residents have rented dwellings, but rental rates are way too high for most of them to leave enough money for daily expenses.

HUD Foreclosures for Sale Buyers Expected to Rise As Population Grows

March 4th, 2011

More people are expected to purchase HUD foreclosures for sale and other types of residential properties in St. Louis, Missouri, in the coming months as local towns and cities recorded a surge in population numbers. The 2010 U.S. Census showed that majority of communities in St. Louis posted considerable population increases.

Revitalization Needed Despite Low Commercial Property Foreclosures

March 3rd, 2011

In most areas of the U.S., commercial property foreclosures are often the reason for a need to revitalize a commercial district or a downtown area. In Nebraska, foreclosures have not been a big a problem as in other states, but several parts of the region are still in need of revitalization efforts.

Prices of Bankruptcy Homes for Sale Up in Atlanta

March 2nd, 2011

Prices of bankruptcy homes for sale and other residential properties in Atlanta, Georgia, improved in January 2011 compared with year-ago levels. However, sales are down, with year-over-year decrease pegged at more than 6%.