The national, 30-year fixed-mortgage rate (FRM) slightly decreased from a week earlier, setting a new record low average of 4.26%, according to the Zillow Mortgage Marketplace weekly update.
Pre-foreclosures and other residential properties in Oklahoma failed to impress buyers last year. Sales figures in 2010 were the worst for the whole decade.
Sheriff sale houses and properties up for foreclosure auction declined in the whole New York City last month. Year-over-year decline was pegged at almost 60%.
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Government foreclosures and other types of residential properties in Ohio posted an increase in sales in January. Year-over-year rise in some areas was over 8%.
The high number of bank, government and tax foreclosure homes remains a problem in Cleveland. The problem is further aggravated by the city's failure to win its case against banks.
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.
Florida authorities have reported that they are still receiving complaints against firms specialized in helping homeowners stop foreclosure. One of the most common complaints was upfront fees.
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.
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Distressed properties and foreclosure numbers increased in Washington State for January 2011. The trend was in contrast with nationwide numbers for the month.
Houses from repossession and foreclosures that are worth millions of dollars are increasing in number. Recently, a Virginia estate was sold at over $15 million.