Tag Archives: distressed properties

Foreclosure Rates Down, Analysts Surprised

USA Foreclosures 101

CNBC’s The Street reported here that foreclosure rates in the United States dropped 30% for the first quarter of 2012 as compared to the same time last year; this despite the fact that there was an overall 8.1% increase this past March. While this is good news for the average homeowner, it has the analysts completely flummoxed. According to the CNBC report “analysts had expected this number to skyrocket immediately following the $25 billion settlement between … Continue reading →

Foreclosed Home Neglect: Racial Bias or Just Business?

USA Foreclosures 101

Phoenix area radio station KTAR picked up a story out of Washington alleging racial bias in the upkeep and sale of foreclosed homes around the country. According to the story, a public advocacy group fighting against fair housing discrimination claims banks are not putting the same effort into maintaining and selling foreclosed homes in minority neighborhoods as they are in white neighborhoods. The National Fair Housing Alliance (NFHA) looked at foreclosed homes in nine different … Continue reading →