A foreclosure prevention team at St. Ambrose Housing Aid Center in Baltimore the largest of its kind, is weighed down with the troubles of thousands of homeowners. It has the capacity to handle 1,900 per year but with 150,000 needing help the load is too heavy. Over 150,000 homeowners in Maryland are defaulting on their mortgages.It is now three years that foreclosure waves have been lashing the country. Despite billions spent on bailouts the...more
There is so much to be excited about the real estate industry these days. For one, the market is getting known as a buyers' market, owing to the large discounts that one will be able to secure just by purchasing a foreclosure. Plus, there are many really good and fantastic properties that are being sold for very low prices. It is now easy to find foreclosures for sale like a nice, sprawling house with a terrific view being sold for up to 50...more
The Center for Responsible Lending analyzed data on foreclosures between 2007 and 2009 on mortgages originated between 2005 and 2008 and found that every major minority group in the United States has a higher likelihood of facing foreclosure on their property than White Americans. White Americans averaged 452 foreclosures per every 10,000 home mortgages. African-Americans had the highest average of foreclosures with 790 per every 10,000 home mortgages. Hispanics were a close second for the highest average with 769 foreclosuress. The other major minorities had significantly lower chances of foreclosure than African-Americans and Hispanics. Hawaiian or Pacific Islanders has an average of 628 foreclosures, American Indians had an average of 587 foreclosures, and Asians averaged only 8 per every 10,000 home mortgages more than White Americans with 460.Minorities in U.S. Face Higher Likelihood of Foreclosure By: Paul Escobedo About the Author We have several Salt Lake new homes, Saint George home builders and Syracuse home builders to search through. (ArticlesBase SC #2979348) Article Source: http://www.articlesbase.com/ - Minorities in U.S. Face...more
Real estate brokers all over the country usually keep foreclosure listings of homes and properties that have been declared distressed. These listings normally contain basic information about these houses enough to help an investor make an investment decision on whether to bid for them or not. Searching Databases Using Asking Price An intending...more
Be among the growing number of people finding great deals on foreclosures in Nevada. Foreclosures get sold for as low as half the actual market value of the property. There are several ways of buying foreclosures in Nevada. There is the method where the purchase will be made even before foreclosure or what is called the pre-foreclosure phase. This...more
A foreclosure occurs when a person is not able to pay the rent on time to the lender. Well most of the houses in America are foreclosure due to sudden fall of the market. There were many people who have lost jobs or invested money in the market. Well...more
A foreclosure is a legal proceeding where the mortgage of a property is court ordered to be terminated. Specifically, it is the equitable redemption right that is terminated. There are certain pieces of information people should know, especially if...more
Averting the filing of a NOD (Notice of Default) is the best way to pass up foreclosure in Tampa Homes For Sale . Lenders typically file a Notice of default instead of having a real estate foreclosure if necessary . If you think you are uncertain of...more
Culver City Foreclosures - Seeking A Good InvestmentProbably you've thought about looking into the Culver City foreclosures, but have given up the thought of obtaining a great deal because prices were high. Foreclosures inand around Culver City can...more
FHA foreclosures are properties secured by an owner through an FHA-insured housing loan. When the owner fails to meet their mortgage obligations the FHA repossesses the home and sells it to other buyers. These properties can be found in real estate...more
If you are reading this article you might have finally received that deadly preforeclosure letter from your lender. Or maybe your mortgage payments are getting out of hand and you are wondering how in the world will you ever catch up, especially if...more