As the foreclosure crisis rages on, more foreclosed commercial and residential properties are being added to the state's growing list of repossessed properties. Unfortunately, no one is immune from such pitiful situation.
Bank owned condos and foreclosed homes rose again in Brockton in 2010. Local officials recently had a meeting with realtors and consumers to address the issue.
Freddie Mac homes and foreclosure numbers may rise in New York City in the coming years. Some analysts stated that the crisis hit the city later than others.
In January 2011, distressed government houses and bank foreclosure sales fell in Colorado. Despite the decline, analysts stated that the crisis is not yet over.
The foreclosure crisis did not stop luxury home buyers from trekking to California to secure deals. Sales of luxury houses in some markets remain strong.
The number of foreclosed homes and bank owned real estate continues to increase in Indiana as settlement opportunities are ignored. Most troubled homeowners reportedly fail to meet with their lenders.
Freddie Mac foreclosure sales and sales of regular homes went up in Minnesota in the first two months. However, analysts claim that housing is still in crisis.
Flipping properties seemed to have picked up last month in Oklahoma City as home sales increased. January 2011 home sales were higher than the past two years.
Invest homes activities were fewer in Indianapolis in January 2011 as sales of residential properties decline. Existing dwelling sales dropped by almost 3%.
Foreclosure homes for sale continued to make life difficult for homebuilders in the U.S. last year. For 2011, analysts predict that it will be much the same.
Bank owned homes and foreclosures might soon decline in Texas as delinquency numbers drop. The state posted a delinquency rate decline in the fourth quarter.
Foreclosure assistance has been provided to troubled homeowners in New Jersey. For those who are not having foreclosure problems, renovating homes is the focus.
Real estate brokers in Seattle are just starting to find out how hard it is to sell in a foreclosure-riddled market. They felt the crisis later than others.
The U.S. government tax credit provided some market stability during the 2010 first half when home buying escalated as buyers take advantage of the offer. In New York, a new rule is expected to temporarily lower foreclosure numbers.
Stopping foreclosure process workshops organized by lender Wells Fargo are coming to Portland. The program aims to help troubled homeowners keep their homes.
The number of condominium and triplex foreclosures continues to rise in certain areas of Florida. Recently, a condominium complex reverted back to the lender following a foreclosure auction.
FHA foreclosures and bank foreclosure numbers in Illinois might increase in the coming months. A proposal to use foreclosure as punishment has been put forward.
Realtors in California stated that incomplete short sale foreclosures are partly to blame for the housing market's slow recovery. Around 40% of short sales in the area do not reach closing stages.
High numbers of foreclosure lis pendens continue to affect residential property sales in some markets of South Carolina. Housing sales in 2010 declined in some areas of the state compared with 2009.