|
Foreclosures have driven down property assessments by more than $500 million in one year in Jefferson County County Assessor Angela Banks told county commissioners Thursday that residential and commercial property, which was assessed at over $3.5 billion a year ago, is now worth about $3 billion. Banks says the average property value is down...
Read more »
Unemployment factor in North Carolina foreclosures Grace Morgan has faced foreclosure not once, but twice, and she’s scared it could happen again. The Salisbury resident and her husband have been out of work for some time and they simply weren’t able to pay their mortgage. “It’s scary. It’s really scary,” she said. North Carolina...
Read more »
The real estate research firm RealtyTrac says there were a record-high 1,534 foreclosure filings in Hawaii in December The previous high of 990 was reached in July. The December count was about triple the 499 filings in December 2008. According to RealtyTrac, Hawaii now has the 10th-highest rate of foreclosures among states as measured...
Read more »
The number of short sale requests is on the rise and the demand is overwhelming lenders There is nothing short about the short-sale process, in which lenders unload properties for less than they’re owed and borrowers get their debt wiped clean. That’s because deals must be approved by mortgage holders as well as other...
Read more »
Miama-Dade foreclosure mediation program hits snag on half their cases Since Miami-Dade County launched a pilot program to mediate home foreclosures filed in the clogged court system seven months ago, about half the cases have stalled because mediators can’t find borrowers. Of 14,000-plus foreclosures referred to mediation to seek agreement with a lender and...
Read more »
Drop in sheriff’s deeds filed in Ingham County, Michigan, may indicate less foreclosures in housing market There’s a bright spot in Ingham County’s housing market. New numbers show sheriff’s deeds, an early indicator of foreclosures, went down last year. In 2009 there were 1,700 sheriff’s deeds filed. That’s down slightly from more than 1,800...
Read more »
Foreclosures filings in North Carolina continued to climb rapidly to a new annual high in 2009 Experts at the North Carolina Justice Center are calling for a stronger State and Federal response to the continued increase in foreclosures. According to records maintained by the North Carolina Administrative Office of the Courts (AOC), foreclosures filings...
Read more »
Bad Behavior has blocked 533 access attempts in the last 7 days.
