Detroit Foreclosure Homes Highest in the Country
The number of U.S. Federal Housing Administration (FHA)-guaranteed loans that became Detroit foreclosure homes ranked the highest in the country with 2,656. The figures surpassed Indianapolis’ 2,000 foreclosed FHA houses. However, while foreclosure properties in other metropolitan areas in the country have attracted buyers and investors, Detroit foreclosure homes remained on the market unsold for months [...]
Pittsburgh Foreclosure Homes and Neighborhood Development
A number of Pittsburgh foreclosure homes remained in good condition because of the Pennsylvania city’s focus on neighborhood development programs. According to industry experts, the city has beautiful housing stock, well preserved and rehabilitated. And the houses, which typically sell for 500,000, are now available for lower prices. Experts said that the transformation of Pittsburgh into a [...]
Grants to Contain Fort Worth Foreclosure Homes
Fort Worth foreclosure homes would be even more attractive to first-time buyers with the continuous grant support provided by the U.S. Housing and Urban Development (HUD). HUD Secretary Shaun Donovan announced the release of federal grants to produce affordable housing and support community development in Texas. Among those that will benefit are Fort Bend County, [...]
Charlotte Foreclosure Homes Arise from Tax Delinquencies
Charlotte foreclosure homes could arise from tax foreclosure actions in the coming months if Mecklenburg County tax officials use their foreclosure authority to force over 1,000 homeowners to pay their back taxes on around 1,299 properties. According to the Mecklenburg County Office of the Tax Collector, these homeowners have not been paying their property taxes for [...]
More Buyers Go Online for Stockton Foreclosure Homes
Stockton foreclosure homes are becoming popular among first-time buyers and investors in California. Buyers are enticed by the very low prices of foreclosure properties and the wide array of choices. It was in 1980 that the San Joaquin County experienced very low housing prices. It used to be that real estate agents would take potential [...]
Brooklyn Foreclosure Homes Driven by Increasing Poverty
Industry experts said that a great number of Brooklyn foreclosure homes were owned by minorities. They blamed the widespread poverty in the area for the increase in the number of foreclosure properties. Poverty is becoming a serious problem in New York. The worsening situation is more evident in the Hasidic neighborhood at Borough Park in Brooklyn. [...]
Demand for Las Vegas Foreclosure Homes Remains Strong
The demand for Las Vegas foreclosure homes remain strong despite the slow pace of the housing market in August. According to market data, single family home sales totaled 3,229 in Las Vegas, Nevada in August. Last month s figures were 14 percent lower compared with July sales of 3,738. Also in August, the median home price sold [...]
