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Stockton California dubbed Foreclosureville has changed since housing bust began two years ago Stockton hardly looks like the most miserable city in the country. But the statistics and stories over the last two years make a case that it is: Since the housing crisis began, this inland port city 80 miles east of San...
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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...
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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...
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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...
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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...
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In 2009 the number of foreclosures skyrocketed Nationwide, more than 6,600 family homes are lost to foreclosure every day, according to the National Association of Consumer Bankruptcy Attorneys (NACBA). More than 8,000,000 American homes are expected to be lost to foreclosure over the next five years. By the end of the first quarter, one...
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Fewer Massachusetts foreclosures Fewer Massachusetts homeowners lost their homes to foreclosure in November than the month before, according to data released today by the Warren Group, a private company that tracks real-estate numbers. The number of foreclosure deeds, documents that represents completed foreclosures, fell 23.1 percent to 701 in November from 912 in October,...
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