Tag Archives: distressed sales

Mortgage Interest Rates Are Expected To Stay Low For At Least A Year

That’s good news for me because I am carrying $45,000 in credit card debt. If those interest rates went up, I’d be sunk. I can barely get by as things stand. Home prices are expected to stay steady or to … Continue reading

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Why Are Foreclosures Centered In A Few States?

Foreclosures mainly occur in ten states such as California, Florida and Nevada. These states led the dramatic run-up in home prices. They were the center of real estate speculation. Speculators took out interest-only loans and ARMs and many people took … Continue reading

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Banks Hold Almost A Million Foreclosures

The New York Times today features a long article on banks holding about 872,000 foreclosed properties. Banks are in the process of foreclosing on another million homes and analysts expect banks to foreclose on several million homes in the next … Continue reading

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Home Prices Fall More Quickly In Big Cities

Home prices have been dropping more quickly than expected in San Diego and San Francisco, cities that saw a steady appreciation in home prices during the first half of 2010. Home prices have dropped in 18 of the 20 cities … Continue reading

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Struggling To Keep Their Home

Report: An increasing number of homeowners in Clatsop County are falling behind on their mortgage payments and opting to sell their homes to avoid foreclosure. As the housing market contracts, local banks are downsizing their mortgage departments, real estate agents … Continue reading

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