Shadow Inventory Properties May Contribute to Next Wave of Foreclosures in 2010

freeNewsArticles Story Summary: LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) — The year 2009 has come to a close and the real estate professionals at Bank Foreclosures Sale are gearing up to continue to provide real estate investors with the most current information on foreclosures in 2010. While the Obama administration has worked to quell foreclosures, it appears that these efforts may not be enough.

Positive Economic News as Foreclosure Rates Fall

freeNewsArticles Story Summary: NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — The end of the recession may be in sight as foreclosure rates were down again in many states in November compared with October while foreclosure prices were up. Comparing rates and sale price figures from ForeclosureListings.com offers a positive economic snapshot of the current housing market. For buyers who have been waiting and watching the market, now is a good time to buy.

Foreclosure Deals’ Report Is Valuable Tool for Real Estate Investors

freeNewsArticles Story Summary: MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, the leading online marketplace for foreclosure properties, has compiled important data for the second semester of 2009; it releases statistics on foreclosure information throughout the U.S. This is valuable information for people who want to invest in foreclosed homes for sale.

Engel and Volkers Lake Placid Real Estate Launches Premier Vacation Rental Website Aimed at Inbound Travel to Lake Placid, New York

freeNewsArticles Story Summary: LAKE PLACID, N.Y. (SEND2PRESS NEWSWIRE) — Engel & Volkers Lake Placid Real Estate, a leading full service real estate property shop in Lake Placid for the last 30 years today announced the launch of a new vacation rental website. A world renowned four seasons resort destination in the Adirondack Mountains, Lake Placid is known for hosting two Olympics and is a haven for outdoor and recreational enthusiasts. Offering something for everyone, the region is a destination to over 2 million overnight visitors per year.

Entrepreneur Builds ‘Buy My Moms House’ Site to Keep Mom’s Missouri House from Foreclosure

freeNewsArticles Story Summary: PASADENA HILLS, Mo. (SEND2PRESS NEWSWIRE) — A California entrepreneur has put up a Web portal called ‘Buy My Mom’s House’ (BuyMyMomsHouse.com) to help sell his mom’s house in Pasadena Hills (St. Louis) Missouri, which has been on the market for a year and, while sitting idle for open houses, has been eating through mom’s savings.

London Bay Homes Launches New Website with Expansive Photo Gallery and Interactive Floor Plans

freeNewsArticles Story Summary: NAPLES, Fla. (SEND2PRESS NEWSWIRE) — London Bay Homes, a Naples, Florida-based builder of luxury custom homes and unique Village communities throughout Southwest Florida, has designed and launched a new company website that provides visitors with a wide range of content including a custom home photo gallery, interactive floor plans, blog, and real estate news at www.londonbay.com.

Foreclosure Prices Were Up, While Real Estate Prices Were Down

freeNewsArticles Story Summary: NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Reports from the first days of November show that the housing market is still on shaky ground. According to the statistics from Foreclosure Data Online, real estate prices on the whole are down already for the first three days of November as compared with October’s average. The foreclosure market appears strong however. It grew over this same period and shows the kind of steady growth that is apt to continue.

Arizona Leads as Foreclosure Rates Rise Countrywide

freeNewsArticles Story Summary: NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to statistics from Foreclosure Listings, foreclosure rates are still on the rise across the country, a sure sign that the recession is far from over. The same statistics show that average foreclosure sale prices are also on the rise. The combination means that it is a strong market and a good opportunity for investment buyers.

Foreclosure Inventory Remains at All-time High

freeNewsArticles Story Summary: MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Bank Foreclosures Sale reports that ‘Making Home Affordable,’ a $75 billion federal government-backed initiative to keep up to seven to nine million Americans in their homes by preventing avoidable foreclosures, may have an uphill battle.

Slow Price Increases, Moderate Foreclosure Declines Reported in Latest Statistics

freeNewsArticles Story Summary: NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to ForeclosureWarehouse, the Making Home Affordable Program created by the Obama Administration as a way to help struggling homeowners save their homes from foreclosure has had mixed results. After two years of declining prices and increasing foreclosure rates, the program may have helped reduce the numbers but it has failed large numbers of homeowners who were eligible for the program. Wells Fargo and Bank of America had enrolled only 6 to 4 percent, respectively, of their eligible borrowers.