http://www.foreclosurelook.com Look for foreclosures, learn strategies, get the latest news. Fri, 21 Nov 2008 01:40:09 +0000 http://backend.userland.com/rss092 en [foreclosure_listings] http://www.foreclosurelook.com/look-for-foreclosures-now/ Top Foreclosure States In July 2008 (source: www.RealtyTrac.com) Rate Rank State Name Total 1/every X HH (rate) 1 Nevada 10,060 106 2 California 72,285 182 3 Florida 45,884 186 4 Arizona 13,350 195 5 Ohio 13,457 375 6 Georgia 10,061 385 7 Michigan 11,591 389 8 Colorado 5,376 390 9 Utah 1,911 472 10 District of Columbia 559 506 11 Virginia 5,745 562 12 Indiana 4,783 576 13 Illinois 8,915 583 14 Tennessee 4,565 587 15 New Hampshire 903 653 16 Idaho 936 658 17 Connecticut 2,014 711 18 Maryland 3,104 741 19 Missouri 3,512 747 20 New Jersey 4,622 751 21 Massachusetts 3,574 758 22 Oregon 1,955 812 23 Texas 10,354 891 24 Rhode Island 494 910 25 Oklahoma 1,728 930 26 North Carolina 4,303 936 27 Washington 2,762 977 28 Nebraska 660 1,174 29 Arkansas 1,068 1,193 30 Wisconsin 2,044 1,240 31 New York 6,167 1,282 32 Pennsylvania 4,174 1,306 33 Alaska 207 1,336 34 Minnesota 1,671 1,367 35 South Carolina 1,333 1,482 36 Kentucky 1,226 1,540 37 New Mexico 544 1,563 38 Kansas 677 1,784 39 Wyoming 133 1,798 40 Louisiana 1,017 1,799 41 Hawaii 229 2,184 42 Alabama 863 2,445 43 Iowa 498 2,651 44 Maine 255 2,710 45 Delaware 132 2,900 46 Montana 142 3,042 47 North Dakota 65 4,735 48 Mississippi 190 6,534 49 South Dakota 30 11,760 50 West Virginia 38 23,100 51 Vermont 5 61,911 U.S. Foreclosure Rates Heat Map – July 2008 IRVINE, Calif. – August 14, 2008 – RealtyTrac (www.realtytrac.com), the leading online marketplace for foreclosure properties, today ... http://www.foreclosurelook.com/top-foreclosure-states-july-foreclosures-increases-8-percent/ Here are 5 new reasons to move this year: 1. The federal government is offering a tax credit for first time homebuyers of 10% of the price of the home, up to a maximum credit of $7,500. There are income and other restrictions, so you should consult a tax professional ... http://www.foreclosurelook.com/is-it-a-good-time-to-buy-your-new-house/ The foreclosures are coming fast and furious even celebrities are taking the hits. Below is a shortlist of celebrities affected by the housing woes. Ed McMahon The 85-year-old television personality owes $644,000 to Countrywide on his six-bedroom, five-bathroom Beverly Hills estate - in the same exclusive, gated community where ... http://www.foreclosurelook.com/celebrity-foreclosures-housing-woes-affecting-the-rich-and-famous/ By DAVE CARPENTER, AP Business Writer Tue Jul 29, 11:02 PM ET Questions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from foreclosure: Q: What exactly will the legislation do? A: It will allow those ... http://www.foreclosurelook.com/federal-housing-finance-regulatory-reform-act-of-2008/ It looks like the bailout is coming from the Fed. Glad to see the speculators get bailed out. First the Fed comes out with the stimulus check and now this. Surveys showed that 92% of the people who received checks saved the money or paid off debt. ... http://www.foreclosurelook.com/housing-rescue-on-track-to-pass-senate-by-saturday/ If you're an optimist (and a deal hunter), this might actually be great news. You know what they say, "Always look at the brighter side of life!" Foreclosure filings up 120% 220,000 homes were lost to bank repossessions in the second quarter, and the annual forecast for 2008 will have to ... http://www.foreclosurelook.com/foreclosure-filings-still-rising/ One of the most important factors to consider when buying a home is the property value. The last thing a homeshopper can afford to do is to over pay for a property in a declining market. The standard procedure for most appraisers is to the look at comps around ... http://www.foreclosurelook.com/accessing-property-value-on-a-house/ According to NYU professor Nouriel Roubini, the government will ultimately need to spend more than $1 trillion to solve the housing crisis. That figure is so daunting to me that I can't even recall ever typing out the words "one trillion dollars." I know I sound silly, ... http://www.foreclosurelook.com/one-billion-dollar-recession/ Another one bites the dust! So apparently Wachovia has decided another $8.9B in write downs is enough and opted to exit the wholesale lending business completely. C'mon, what another $125B to write off considering that's how much bad loans they have on their balance sheet. Can you ... http://www.foreclosurelook.com/wachovia-lays-off-wholesale-mortgage-division/