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Foreclosure Activity Drops: What It Could Mean for the Industry

May 31st, 2011
Foreclosure Activity Drops: What It Could Mean for the Industry

According to a report released by LPS Applied Analytics, the number of foreclosure starts initiated for the month of April declined at a level seen only during the last months of 2008. There were only 187,400 properties with foreclosure filings, which was 31 percent fewer than March and 15 percent less than a year

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Foreclosure Activities Continue to Slide in Phoenix

May 17th, 2011
Foreclosure Activities Continue to Slide in Phoenix

Foreclosure sales and filings in the metro area of Phoenix, Arizona, declined again in April of this year compared with figures from March 2011. A study released by the Arizona State University (ASU) showed that foreclosure-related transactions, including repo homes, distressed properties and short sales, dropped by around 2% compared with the previous

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Regular Sales and Foreclosure Short Sales Down in Massachusetts

May 12th, 2011
Regular Sales and Foreclosure Short Sales Down in Massachusetts

Single family home and condominium sales, including traditional sales transactions and foreclosure short sales, declined in Massachusetts in March 2011 compared to a year ago. Sales in these categories for the first three months of the current year also posted year-over-year declines. Meanwhile prices of single family dwellings also dipped during the lone month of

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Some Residents Unable to Afford Houses and Distressed Apartments for Sale

May 10th, 2011
Some Residents Unable to Afford Houses and Distressed Apartments for Sale

Prices of foreclosed houses and even distressed apartments for sale in most areas of California have gone down to their lowest levels in decades. However, there are still areas of the state where most residents are unable to purchase any of these homes because of the ongoing economic downturn and the high level of unemployment that reduced potential buyers'

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Hope for Homeowners at Risk of Losing Homes to Sheriff Sale Auction

May 6th, 2011
Hope for Homeowners at Risk of Losing Homes to Sheriff Sale Auction

The number of homeowners in South Carolina who are in danger of losing their homes to sheriff sale auction is still high. A recent event though, renewed the hopes of some of them that they will be able to avoid foreclosure and keep their

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Program Offers Option on How to Stop House Auction Foreclosures

May 5th, 2011
Program Offers Option on How to Stop House Auction Foreclosures

A program which can provide homeowners with answers on how to stop house auction foreclosures in Connecticut has been launched recently. The program will be administered by the Connecticut Housing Finance Authority and will provide loans to borrowers in the region who are at least three months behind in their mortgage

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Texas Home and Condo Foreclosures Auctions Set to Have a Busy Spring

May 4th, 2011
Texas Home and Condo Foreclosures Auctions Set to Have a Busy Spring

Home and condo foreclosures auctions in various areas of Texas are expected to have a busy spring property-buying season. Realtors in the region expect both distressed and non-distressed residential property sales to pick up in the coming months. According to them, certain local markets are already showing strength leading to the actual house purchasing

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Housing Prices Declined As Foreclosed Bank and HUD Home Auction Grow

May 3rd, 2011
Housing Prices Declined As Foreclosed Bank and HUD Home Auction Grow

Recent reports examined the prices of homes in several areas of Colorado in 2010 and how the huge number of properties at HUD home auction and bank foreclosure auctions affected the values of residences in the region. According to local housing data, last year proved to be one of the toughest periods for the state in terms of residential

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Foreclosures and Bankruptcy Government Auctions Depressing Prices

May 2nd, 2011
Foreclosures and Bankruptcy Government Auctions Depressing Prices

The high number of properties offered at bankruptcy government auctions and bank foreclosure auctions continued to hammer housing prices in major cities of the U.S. in February. Figures from the Standard & Poor's/Case-Shiller Home Price Index showed that prices in various key markets of the U.S. fell in February, with certain Arizona areas showing some of the biggest

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Homes Scheduled for Bank and VA Foreclosure Auction Dipped in Marietta

April 29th, 2011
Homes Scheduled for Bank and VA Foreclosure Auction Dipped in Marietta

Fewer homes will be offered at bank and VA foreclosure auction in Marietta, Georgia in the May 2011 auction schedule. The number of sales notices issued in the whole Cobb County recorded a decline for the month compared with one year ago, although analysts claimed that numbers are still

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