Current Foreclosure News - USA
News
Foreclosures still hurting resale market (East Valley Tribune)
Foreclosures continued pushing down resale home prices across the Valley last month, with Scottsdale's median price falling below $500,000 for the first time since 2005.
Traditional home resales still outnumber foreclosures in July (The Arizona Republic)
The Valley as a whole ended the traditional home resale season on a low note as foreclosures and depressed home values continued to dominate the landscape, but parts of the the Southeast Valley in July bucked that trend.
Default Research Reports S. California Foreclosures Decrease in July 2008 (PRWeb via Yahoo! News)
Los Angeles County Tops 100,000 Foreclosures in One Year
Default Research Reports Northern California Foreclosures Decrease in July 2008 (PRWeb via Yahoo! News)
Sacramento Continues to Lead Region in Foreclosures
Foreclosures account for 42 percent of Maricopa County resales (BizJournals)
Home foreclosures are mounting in Maricopa County and account for a growing percentage of total home sales.
Foreclosures now 40 percent of all Valley home sales (KTAR 92.3 Phoenix)
Foreclosures now make up more than 40 percent of all home sales in the Valley, according to a new report from the Arizona State University Morrison School of Management.
Home Foreclosures on the Rise in North Iowa (KIMT Mason City)
MASON CITY, Iowa - Overdue home loans are leading to more foreclosures in North Iowa. Mason City's Consumer Credit Counseling Service say they see an average of ten people per week who are facing foreclosure. They believe many of those folks are victims of so called "liar loans."
Foreclosures likely skewing housing indicator (MSNBC)
As if the housing market wasn?t scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market?s health.
Foreclosures may distort housing market (Richmond Times-Dispatch)
The record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market's health. The foreclosure glut is making listings of homes for sale a less reliable indicator, because much of the distressed inventory might be left out. In addition, fire-sale prices for such properties may also be skewing volume figures.
Fannie Mae opens satellite offices to sell foreclosures (BizJournals)
Fannie Mae is rethinking how it will handle the tens of thousands of properties being repossessed as the real estate market continues to plummet. (FNM)
