Almost 3 Million Homeowners Recieve Foreclosure Notices in 2009

Almost 3 Million Homeowners Recieve Foreclosure Notices in 2009

Joe Sloboda, Burgess Law Firm

The amount of homeowners in the United States who received foreclosure notices in 2009 is staggering and reached a record setting number of almost 3 million.  This is leaving many people to wonder what can be done for the millions of people who are falling behind on their mortgages every month. Foreclosure So Fla homes

Slow Start to U.S. Plan for Modifying Mortgages

May 14, 2009

Slow Start to U.S. Plan for Modifying Mortgages

 

 

The Obama administration’s plan to help millions of troubled homeowners avoid foreclosure by reducing the size of their mortgage payments is just getting off the ground.

So far, two months after the program went into effect, about 55,000 homeowners have been extended loan modification offers, according to a senior administration official. At the same time, foreclosures continue apace. RealtyTrac reported Wednesday that foreclosure filings reached 342,000 last month, up 32 percent from April 2008. Moody’s has estimated that more than 2.1 million homeowners will lose their homes this year.

Foreclosures: ‘April was a shocker’

Foreclosures: ‘April was a shocker’

A record number of foreclosure filings took place during April, but the number of repossessions fell 11%.

By Les Christie, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) — Foreclosures in April exceeded even March’s blistering pace with a record 342,000 homes receiving notices of default, auction notices or undergoing bank repossessions, according to a regular industry report.

One of every 374 U.S. homes received a filing during the month, the highest monthly rate that RealtyTrac, an online marketer of foreclosed properties, has recorded in four-plus years of record keeping.

5 tips on buying a foreclosed home

5 tips on buying a foreclosed home

Sure, there are great real estate deals to be had, if you know what you’re doing.

By Amanda Gengler, Money magazine writer

(Money Magazine) — 1. Finding one has become easier

You don’t need to show up at courthouse auctions or comb through legal filings. These days many banks sell foreclosed homes through real estate agents.

To find listings, look on sites that specialize in foreclosed properties, such as realtytrac.com and foreclosurepoint.com. The local multiple-listing service often has selections as well. (The fact that the home is in foreclosure is not always highlighted in the MLS, but it’s often mentioned in the description.)

Home foreclosures: Broward numbers still rising; Palm Beach County dips

Home foreclosures: Broward numbers still rising; Palm Beach County dips

The number of Broward Countyforeclosures in March rose from a year ago, while Palm Beach County saw a slight decrease during the same period.

Broward had 4,599 homeowners in some stage of foreclosure last month, up 17 percent from last March, according to RealtyTrac of Irvine, Calif. Broward had Florida’s ninth-highest foreclosure rate among counties statewide. Palm Beach County had 1,509 owners in the foreclosure process last month, down 8 percent from a year ago.

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