Charlotte Foreclosed Homes Drag Down House Prices http://www.foreclosuredeals.com/wp/charlotte-... Charlotte foreclosed homes helped push up house sales, but dragged down home prices, according to the Charlotte Regional Realtor Association. The average price of homes in October fell by nearly 10 percent to $196,204.
Bank Homes to Arise from 350,000 Exotic Mortgages http://www.bankforeclosuressale.com/wp/articl... The rise in bank homes in the next few years will arise from the 350,000 exotic mortgages taken out from 2004 to 2007, according to a report published by S&P. The report stated that more than 22 percent of option ARM borrowers defaulted within 20 months after the issuance of their loans.
Pet Shelters Compelled to Euthanize Animals http://www.foreclosuredeals.com/wp/pet-shelte... Pet shelters throughout the country are now compelled to euthanize animals because their personnel are not able to treat abandoned animals fast enough. A shelter in Elkhart, Indiana has been receiving about 700 animals every month since the start of the recession.
Boston Foreclosed Homes Pulled Down Median Price http://www.foreclosuredeals.com/wp/boston-for... Boston foreclosed homes pulled down the price median for single-family houses and condo units in October. Although home sales rose by more than 17 percent, the median single-family sales price dropped by almost three percent.
Houston Foreclosures for Sale Slowed, but Total Sales Rose http://www.bankforeclosuressale.com/wp/articl... Houston foreclosures for sale that closed in October dropped, but total sales of single-family houses increased by more than 14 percent. The percentage of foreclosure sales dropped to around 19 percent, compared to 26 percent in October last year.
Bank Foreclosure Prevention Program by Citi Up by 20 Percent http://www.bankforeclosuressale.com/wp/articl... The bank foreclosure prevention program of CitiMortgage has been improving significantly. CEO Sanjiv Das also said that the bank has started implementing principal reduction for some deserving borrowers.
Animal Shelters in Dallas Overwhelmed by Pets http://www.foreclosuredeals.com/wp/animal-she... Animal shelters in Dallas are being overwhelmed by pets being brought in by families facing financial hardships and foreclosures. They are also struggling from declines in donations, funding and adoptions.
Fort Lauderdale Foreclosures for Sale Held Back Home Prices http://www.bankforeclosuressale.com/wp/articl... The still high number of Fort Lauderdale foreclosures for sale has been hindering the increase of home prices in the area. Home sales increased in the July-September rose, but sales prices dropped.
Listings of Repo Homes to Grow as Default Rates Rose http://www.foreclosuredeals.com/wp/listings-o... Listings of repo homes are expected to grow in the coming months because of the continued rise in mortgage defaults. According to LPS, about 12.4 percent of U.S. homeowners with mortgage loans were in default by 30 days in October.
Buy Foreclosure Homes in Detroit Where Prices Plunged 80% http://www.foreclosuredeals.com/wp/buy-forecl... Buy foreclosure homes in Detroit at substantially discounted prices and help the city rise up again. Mortgage lenders and nonprofits are also doing their part in helping the city recover.
Abandoned Foreclosure Pets: The Unsuspecting Victims http://www.foreclosuredeals.com/wp/abandoned-... The number of abandoned foreclosure pets is increasing daily together with the numbers of foreclosure houses. Some homeowners take time to leave their pets at animal shelters, but some leave them at foreclosed houses, with no food and water.
Fort Worth Foreclosures for Sale Rise as Home Defaults Grow http://www.bankforeclosuressale.com/wp/articl... Fort Worth foreclosures for sale grew in number in the July-September quarter as home loan defaults rose. The pace of foreclosures in the Fort Worth-Dallas area increased by nearly 5 percent from the second quarter.
