Despite Drop In Regional Foreclosures, Percentage Higher Than Last Year In California

On last Wednesday, RealtyTrac of Irvine, a foreclosure data firm based in California foreclosed homes reported that despite the sharp fall in the month of January in the filings in southern New Jersey, the numbers were considerably higher compared to January last year. This year, though the January filings dropped by around 10 percent across [...]

Florida Salad Days To Return?

With so many conflicting reports about the impending recovery of the real estate market, it’s easy to see why would-be home buyers might be confused, and reluctant to make investment decisions, in the current housing climate. A number of effusive realty experts see significant improvements on the horizon, while other, more pessimistic, forecasters are swift [...]

Understanding Foreclosure

When a property owner does not make the agreed to mortgage payments, the lender starts a procedure known as foreclosure. If the payment status is not rectified, the lender will eventually take possession of the property and dispose of it to recoup as much of their loan as possible. The process is largely the same [...]