Filed Under (Foreclosures) by admin on 19-01-2010
Brooklyn foreclosures accounted for most of the more than 2,000 foreclosure filings in New York City’s five boroughs in December, based on figures from a California-based research firm.
Brooklyn posted 757 foreclosures in December, up by 151 percent from December 2008 and higher than the 629 foreclosures filed in Queens.
Across the city, a total of 2,013 foreclosures were filed in December, an increase of 3.3 percent from filings in November 2009 and a jump of more than 84 percent from filings in December 2008.
Throughout 2009, New York City posted a total of 20,229 foreclosure filings, up by more than four percent from total filings in 2008. A
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Filed Under (Foreclosures) by admin on 15-01-2010
Miami foreclosed homes for sale put the area tenth in a ranking of metro areas nationwide based on rates of foreclosure in 2009, based on a report from a California-based foreclosure tracking firm.
A total of 72,391 homes in Miami-Dade County entered foreclosure listings in 2009, a 46-percent jump from filings in 2008 and a substantial increase of 187 percent from filings in 2007.
Nearby counties such as Broward County and Palm Beach County had lower filings, with Broward posting 69,633 foreclosures and Palm Beach posting 30,870 foreclosures.
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Filed Under (Foreclosures) by admin on 13-01-2010
The situation in the US is a critical one indeed. Unemployment is at a high of 10 per cent. With people losing jobs, even those with sound credit history, are faltering on mortgage payments. Subsequently, foreclosures are common.
According to experts, however, home prices in California will slowly come out of the low. Unemployment will, however, be the biggest stumbling block in the recovery of the housing market. Credit crunch, too, will continue to plague the scenario.
Home prices in California are expected to increase by 3.3 percentage points. Whereas earlier, the average price was $271,000, now that price has become $280,000.
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Filed Under (Foreclosures) by admin on 10-01-2010
Home foreclosures helped drove bankruptcies in the Central Valley region of California in 2009, based on data from the U.S. Bankruptcy Court.
Last year, bankruptcy filings soared by almost 50 percent compared to filings in 2008, rising to their highest level reached in the region.
A total of 45,924 bankruptcies were filed in federal courthouses in Sacramento, Modesto and Fresno, with Sacramento posting the highest number – almost 29,000 filings.
In 2008 in the Eastern District, over 31,000 bankruptcies were filed, marking a 79-percent increase from the almost 17,400 bankruptcies filed in 2007.
According to Richard Heltzel, court clerk at the U.S. B
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