Denver Foreclosure is Record High |
Wednesday, 12 July 2006 |
Record foreclosure pace
More than 9,500 real estate foreclosures have been filed in the Denver area in the first half of the year, about 34 percent more than in the first six months of 2005. It's on pace to be the worst year ever in terms of the number of foreclosures, topping 17,122 in 1988, though the area's population growth since then means the total percentage of homes in foreclosure is smaller. |
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Foreclosures Worsen - 45,000 more |
Monday, 12 June 2006 |
Foreclosures rising with debt, job losses
Nationally, foreclosures are up 38 percent, higher than in any quarter of last year, property tracker RealtyTrac said.The numbers are even grimmer in the Midwest. Michigan and Ohio, battered by automotive-related job losses, together recorded 45,000 mortgages entering some stage of foreclosure in the first quarter. Those are increases of 91 percent and 39 percent, respectively, compared with last year's fourth quarter. There are many reasons for the growing number of defaults, and there are suggestions that the foreclosure trend may soon worsen.
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Foreclosures continue to climb |
Monday, 08 May 2006 |
Foreclosures Up 72 Percent From Last Year Georgia, Colorado and Indiana Post Nationâs Highest First-Quarter Foreclosure Rates National foreclosure filings continued to climb in the first three months of 2006, evidence that more U.S. homeowners are struggling to stay current on their monthly mortgage payments...âForeclosures have now increased in four consecutive quarters and are on track to go above 1.2 million in 2006, which would push the nationâs annual foreclosure rate to more than 1 percent of U.S. households.â |
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Home Owner Associations (HOA) Out of Control |
Tuesday, 28 March 2006 |
ENCINITAS RANCH HOMEOWNERS ASSOCIATION INTRODUCES MASSIVE PARKING FINES Board threatens owners with unlimited lawyers fees, towing and storage charges, and $250 fines for parking in front of their own homes. The board members and the vendors they hired (lawyers) have decided to fine and tow our cars and charge us unlimited legal fees to enforce their rules, if we park our cars in front of our houses or on our privately owned driveways. This clearly is a SCAM, and the association is just FORCING this issue down our throats, without any chance for rebuttal or otherwise. Lots of people are up in arms about this - and rightfully so! We can't park on the driveway or street in front of OUR house... Related article: Investigation on Homeowner Association Foreclosure Filings |
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HOA Foreclosures Investigated |
Tuesday, 28 March 2006 |
Investigation on Homeowner Association Foreclosure Filings The law firm of Peters and Freedman with offices in Encinitas and Palm Desert, California, claim to represent several hundred homeowner associations. A number of homeowners have been investigating some of the practices of this law firm, especially when they conducted foreclosure sales on behalf of homeowner associations. The following information is preliminary and AHRC will bring additional information as it becomes available.
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Foreclosure Troubles for Minorities |
Wednesday, 22 February 2006 |
For Minorities, Signs of Trouble in Foreclosures The housing boom of the last decade helped push minority home ownership rates above 50 percent for the first time in 2004... But hidden behind such success stories lies a disturbing trend: in the last several years, neighborhoods with large poor and minority populations in places like Cleveland, Chicago, Philadelphia and Atlanta have experienced a sharp rise in foreclosures, in some cases more than a doubling, according to an analysis of court filings and other housing data by The New York Times and academic researchers....The increase in foreclosures could be the first of a wave of financial distress for many minority homeowners, experts say, because they are twice as likely as whites to have taken out expensive subprime mortgages, most of which will jump to higher interest rates in the next two years, according to an analysis of data that lenders disclose under the federal Home Mortgage Disclosure Act. |
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Illinois Launches Offensive Against Foreclosure "Rescuers" |
Thursday, 02 February 2006 |
"Rescuers" Steal Equity, Sell Homes, Leaving Victims Homeless Calling mortgage rescue fraud "a cancer that is eating away at our neighborhoods," Illinois Attorney General Lisa Madigan, lawmakers and community advocates today announced legislation to prevent two types of the fraud. |
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Charlotte Observer Foreclosure Special |
Sunday, 15 January 2006 |
Loan defaults a growing burden for lower-income neighborhoods
Home loan failures have more than quadrupled in Mecklenburg County since 1999. More foreclosures are filed here, per person, than any other county in the state. On average, 11 Mecklenburg houses are sold in foreclosure auctions every business day. The owners are evicted, their credit ruined, and they face thousands in court fees and moving expenses. |
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The Most Overvalued & Undervalued Homes |
Friday, 30 December 2005 |
Florida & California overvalued homes - Texas & Alabama homes values lowest Sixty-five of the nation's 299 biggest real estate markets are severely overpriced and subject to possible price corrections.The report named Naples, Florida as the most overvalued of all housing markets in the United States. A single-family, median-priced home there sells for $329,970, 84 percent more than what it should cost -- $180,956 -- according to the analysis. |
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FOX:New Home Sales Tumble |
Friday, 23 December 2005 |
New Home Sales Tumble 11.3%, Biggest Decline in 12 Years Sales of new U.S. homes fell 11.3 percent in November, the biggest decline in nearly 2 years, as the number of houses for sale hit a record high, according to a government report on Friday that offered more evidence of a cooling housing market. |
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