Category Archives: Foreclosure Prevention
Tennessee Foreclosures Increase in May, But Remain Lower Than U.S. Average
Despite previous signs of a real estate market recovery, foreclosure filings spiked in May – the first month-over-month increase since January. One in every 639 homes in the U.S. received a foreclosure filing last month, according to new data from RealtyTrac. That includes default notices, scheduled auctions, and bank repossessions. Tennessee enjoyed lower rates than… Read More »
One-Third of Local Homes Sold in 2012 Have Been Chicago Foreclosures, REOs
As predicted, foreclosure-related sales have been steadily on the rise in 2012 – especially in metro areas such as Chicago. Nearly 31 percent of Illinois residential properties sold in the first quarter of the year were either in foreclosure or owned by a bank, according to data released last week by RealtyTrac. That’s 22 percent… Read More »
Middle Tennessee Home Sales Rebound as Banks Aggressively Push Short Sales, Foreclosures
Home prices may still be sliding, but real estate experts say the Tennessee housing market is showing signs of recovery. More than 2,000 homes in the Nashville area have sold since May – the highest number in four years, according to Nashville Public Radio. But though it’s good news for home buyers, it may not… Read More »
Almost Half of Atlanta Home Sales in 2012 Have Been Georgia Short Sales, Foreclosures
The flood of foreclosure-related property sales predicted for 2012 by real estate experts seems to be well underway. Of homes sold in Georgia during the first quarter of the year, a whopping 46 percent were either foreclosures or distress sales, according to recent data from RealtyTrac. That’s a 15 percent increase from the same period… Read More »
For Underwater Georgia Homeowners Who Are Delinquent, Atlanta Bankruptcy Provides Relief
New statistics show that one in every three U.S. homeowners is underwater on their mortgage. In Atlanta, the numbers are even worse. More than half of homeowners in the Atlanta area owe more on their home loans than their homes’ market values, according to the data by MSNBC.com. However, the picture may not be as… Read More »