U.S. Foreclosures Jump 57% as Homeowners Walk Away (Update2) By Dan Levy. April 15 (Bloomberg) — U.S. foreclosure filings jumped 57 percent and bank repossessions more than doubled in March from a year earlier as adjustable mortgages increased and more owners gave up their homes to lenders.
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U.S. Foreclosures Jump 57% as Homeowners Walk Away (Dan Levy, 4/15/08) "About 2.5 million foreclosed properties will be on the market this year and in 2009, Lehman Brothers Holdings Inc. analysts led by Michelle Meyer said in an April 10 report."
Foreclosure.com, search the latest nationwide foreclosed properties with the most up-to-date foreclosure data. Foreclosure listings in every state and every status from start to finish, with new foreclosed homes for sale updated daily throughout the U.S.
As banks and government agencies scramble to come up with a solution to the housing crisis that has gripped America, 84,868 homes were lost to foreclosure in October, according to a report.
Should I Short Sale My Home? 5 Chapter Two Chapter Two How Bad Is It? One thing is certain: Foreclosures are on the rise. Cities in California, Florida, Nevada, Arizona and Illinois just posted the highest foreclosure rates in the U.S., according to RealtyTrac, a private firm. RealtyTrac is the go-to source for the best foreclosure information.
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U.S. Foreclosures Jump 57% as Homeowners Walk Away Just a note on perspective for some of the foreclosure news you are seeing. Is it rough out there? Well consider this, in a news article today (see below) there are apparently frightening numbers on forclosure rates – " U.S. Foreclosures Jump 57%" . Awful state of affairs – right?
deleveraging, has raised financial stability concerns for many major national and regional banks. 1. falling home prices, soaring mortgage defaults and an exorbitant rise in the LIBOR. 2 – the lending rate banks use as a benchmark to loan money – have recently made it impossible for many homeowners to refinance their mortgages to affordable.