Distressed Properties Sale Articles

Two legislative bills were signed by Oregon Governor Ted Kulongoski this week to provide more help to homeowners, consumers and all other residents of the state, especially mortgage borrowers facing the risk of losing their homes to foreclosed house for sale inventories.

In the second quarter of this year, both home sales and prices in Pioneer Valley, Massachusetts declined due to the growing foreclosed home listings.

Real estate experts in Cape Coral, Florida said that majority of homebuyers in the area want to deal with foreclose houses than with short sales.

The Nevada Foreclosure Mediation Program has started receiving requests for assistance from distressed homeowners who want to save their homes from becoming foreclosure properties.

Another initiative was launched by Maryland officials led by Governor Martin O’Malley to step up efforts to prevent and mitigate foreclosed homes.

Nationwide, total sales of existing homes increased for the third straight month in June while sales of foreclosed houses dropped to 31 percent of total sales, according to an analysis of U.S. residential real estate sales for the month of June.

The number of Palm Beach condo units appearing in foreclosed home search lists is expected to increase as Florida condo developer Related Group continues to face financial difficulties.

Potential first-time home buyers in Florida need to take advantage of low home prices in foreclosure property listings now because it is a buyer’s market, according to financial planners in Florida.

The case of a Middletown family doing everything they can to save their house from getting added to lists of forclosure properties illustrates a progressing program of prevention foreclosure in New Jersey and in other states.

The demand for low-priced REO property in Orange County, California rose last month. However, sales of foreclosures accounted for only 29 percent of the total home sales in the area, the lowest figures recorded in over a year.