Roanoke Foreclosures Shot Up 353 Percent Due to Job Loss http://www.bankforeclosuressale.com/wp/articl... The rate of Roanoke foreclosures shot up by an overwhelming 353 percent in 2009 from 2008. Job losses that pushed up the unemployment rate from 4.4 percent to 7.1 percent in 2009 largely caused the rise in foreclosures.
California Foreclosures Driven by Filings in 9 Metro Areas http://www.bankforeclosuressale.com/wp/articl... The still record pace of California foreclosures in 2009 was largely driven by increased foreclosure activities in nine metro areas in the state. California had nearly 633,000 or 4.8 percent of its households in default or in foreclosure in 2009.
Merced Foreclosures, Job Losses Soared, Yet Snubbed by HUD http://www.foreclosuredeals.com/wp/merced-for... Merced foreclosures and job losses soared in 2009, but the HUD did not give Merced County any money from its second NSP funding round. Merced posted the highest rate of foreclosure rate in California in 2009.
Provo Foreclosures Shot Up due to Predatory Lending http://www.foreclosuredeals.com/wp/provo-fore... The pace of Provo foreclosures rose sharply in 2009 largely because a record number of borrowers in the city took out loans with predatory rates. More than four percent of homeowners in Provo went into default or foreclosure in 2009.
Cape Coral Foreclosures Second Only to Las Vegas Filings http://www.foreclosuredeals.com/wp/cape-coral... Record numbers of Cape Coral foreclosures in 2009 put the city second only to Las Vegas in a ranking of metro areas based on foreclosure rates. The metro area posted nearly 43,000 foreclosure filings in 2009.
Houma Foreclosures Rose 379% Due to Post-Hurricane Deferrals http://www.bankforeclosuressale.com/wp/articl... Houma foreclosures soared by a stunning 379 percent in 2009 largely because of loan payment deferrals that were encouraged by the lenders themselves, but which were not clearly explained to homeowners. Louisiana foreclosures rose by 65 percent to almost 12,000 in 2009.
Florida Repo Homes for Sale to Soar with Foreclosure Bill http://www.eforeclosuremagazine.com/repo-home... Repo homes for sale in Florida will shoot up once a bill backed by the Florida Bankers Association is passed. This bill wants to implement non-judicial foreclosures in the state to fast-track the foreclosure process.
List of Distressed Homes Now Up in Previously Stable Cities http://www.distressedpropertiessale.com/blog/... The list of distressed homes is now growing fast in cities previously untouched by the foreclosure crisis in the early months of the downturn. Foreclosure filings are now rising sharply in number in Provo, Fayetteville, Rockford and Portland.
Bank Foreclosure Not Avoided Thru Bankruptcy Filing in Texas http://www.bankforeclosuressale.com/wp/articl... Bank foreclosure has not been avoided by a lot of troubled homeowners in Texas who filed for bankruptcy protection to save their homes from foreclosure. More than 12,000 properties were included in bankruptcy cases filed in 2009 in 60 counties in Texas.
Save Properties from Foreclosures with Hope for Homeowners http://www.foreclosuredeals.com/wp/save-prope... More homeowners can save their properties from foreclosures if the FHA is successful in expanding the Hope for Homeowners program, the initiative launched by the Bush administration in 2008. Of the 400,000 borrowers originally targeted, only 96 homeowners have been helped.
Buying Foreclosed Property at a Bargain Still Doable in 2010 http://www.foreclosuredeals.com/wp/buying-for... Buying foreclosed property at a bargain is still doable in 2010 despite reports of home price improvements in several markets. Among the markets with substantial price discounts in 2010 are Cincinnati and Columbus in Ohio and the Twin Cities in Minnesota.
Prices of Phoenix Foreclosure Homes May Have Bottomed Out http://www.bankforeclosuressale.com/wp/articl... The prices of foreclosure homes in metro Phoenix may have bottomed out, according to Arizona State University analysts. The year-over-year home price declines in the last five months of 2009 slowed down.
