National Foreclosure Rate Soar 53%
According to the most recent US housing market data released by RealtyTrac, the number of homes that entered some stage of foreclosure has grown by over 50 percent in the last twelve months. For the month of June alone, there were actually 252,363 foreclosure filings.
Election Officials Worried About Foreclosures and Voting Rolls
In Columbus, Ohio, election officials are becoming worried about the possible problems that might arise when voting day comes. Registered voters who have lost their homes to foreclosure might endure some inconveniences since their addresses are now different. In addition, their provisional ballots might not be counted if they fail to make the necessary changes.
Slow Rate of Foreclosure in Dallas and Other Parts of North Texas Is Good News?
In the rising tide of foreclosure, the good news of homeowners in Dallas and other parts of North Texas is that there is a slowdown in the number of Dallas foreclosure homes. However, at the same time, analysts who have been tracking various home loan/mortgage defaults believe that people should not go by these temporary figures as the situation can change for the worse in the coming months. This is just an assumption!
Foreclosure Home Sales Up
Housing market conditions have still not recovered and it is only expected that existing home sales remain to be sluggish. But surprisingly, most of the properties being sold are foreclosure homes.
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