Real Estate

Foreclosures Up by 7 Percent During First Quarter

Author: Bank Foreclosures Sale
Dateline: Miami, Florida (MIAMI, Fla.)  | Mon, 19 Apr 2010

freeNewsArticles Story Summary: “MIAMI, Fla. -- Bank Foreclosures Sale, an online leader in the foreclosure listings and information industry, reported new statistics for the first quarter show foreclosures are up 7 percent from the most recent quarter, and almost 16 percent from the first quarter of 2009. While the first two months of the year saw relatively low foreclosures, filings surged 19 percent in March, largely accounting for the overall quarterly increase.”



A R T I C L E:

Bank Foreclosures Sale, an online leader in the foreclosure listings and information industry, reported new statistics for the first quarter show foreclosures are up 7% from the most recent quarter, and almost 16% from the first quarter of 2009. While the first two months of the year saw relatively low foreclosures, filings surged 19% in March, largely accounting for the overall quarterly increase.

But breaking down the statistics does show positive signs for the future, especially since Default Notices, which mark new foreclosures, are down 1% from the first quarter of 2009. However, over the same period of time, bank repossessions were up a staggering 36%.

"A repossession is usually the final stage of a foreclosure," remarked Simon Campbell, a business analyst with Bank Foreclosures Sale. "The properties are repossessed, and then sold off from there. So, now the banks and lenders have a huge supply of REO homes to deal with. This is great news for buyers, because a big supply means low prices, and the banks are really looking to get these homes off their hands. I wouldn't be surprised if we see average sale prices really drop in the coming months."

The top 3 states for first quarter foreclosure homes rates were Nevada, Arizona, and Florida, although Arizona's current rate is actually down 16% from the first quarter of 2009. Only one other state in the Top 10 saw a decline year over year, and that was California, down 6%. Utah, a relative newcomer to the top ten, saw the biggest year over year increase at roughly 75%, followed by Idaho, which rose 48%. California saw the largest number of new defaults in the first quarter by far, with over 83,500. The next closest was Nevada, followed by Michigan. Colorado is still seeing increases as well, hanging on to the number 10 spot with a 27% rise in foreclosures from the first quarter of 2009.

Georgia had the highest foreclosure property increase from the final quarter of 2009, at 30%. Idaho and Illinois saw the only decreases from last quarter, at 13.5% and 6.5%, respectively.

Visit Bank Foreclosures Sale (www.bankforeclosuressale.com) to stay informed about developments in the foreclosure marketplace that can affect how you buy and invest, as well as to browse foreclosure listings in your area.

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Copyright © 2010 by Bank Foreclosures Sale and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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Story Title: Foreclosures Up by 7 Percent During First Quarter
• REFERENCE KEYWORDS/TERMS: foreclosure listings industry, Miami, Florida, REO homes listing, Real Estate, Real Estate, , MIAMI, Fla..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Bank Foreclosures Sale); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 19 Apr 2010 13:41:44 GMT].

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Business, Real Estate

13 Georgia Business Brokers Named to Million Dollar Club with $30 Million Sold

Author: Georgia Association of Business Brokers
Dateline: Atlanta, Georgia (ATLANTA, Ga.)  | Mon, 19 Apr 2010

freeNewsArticles Story Summary: “ATLANTA, Ga. -- The economy may be in a slump, but 13 members of the Georgia Association of Business Brokers (GABB) helped enough business owners buy and sell $30 million worth of businesses to earn membership to the organization's prestigious Million Dollar Club for 2009. Each year the GABB, the state's only professional association dedicated to buying and selling business, recognizes the state's outstanding business brokers.”



A R T I C L E:

The economy may be in a slump, but 13 members of the Georgia Association of Business Brokers (GABB) helped enough business owners buy and sell $30 million worth of businesses to earn membership to the organization's prestigious Million Dollar Club for 2009.

Each year the GABB, the state's only professional association dedicated to buying and selling business, recognizes the state's outstanding business brokers. To earn this distinction, a GABB member must have produced business sales of a million dollars or more. This year's list includes 13 professional business brokers whose hard work resulted in $30 million worth of transaction values.

GABB's Top Producer for 2009 was Matt Slappey, the owner of Murphy Business and Financial Corporation of Decatur.

"I work hard, work smart, and work ethically for my clients to help them achieve their goals of buying or selling the right business," said Mr. Slappey in accepting the honor. "I feel fortunate to have worked with excellent business owners and business buyers in a year when getting a transaction closed was extremely difficult."

Second overall was Jeffery E. Merry of Gainesville, owner and founder of The Business House, Inc., who was the GABB's top seller in 2008. Other top 5 GABB brokers for 2009 are (3) Bina Cline a senior business broker with Coldwell Banker Commercial Metro Brokers; (4) C. Patrick Harkins, CEO of Anchor Business Advisors and (5) Patricia McDonald, president and founder of CBI Business Group.

Loren Marc Schmerler (6), founder and president of Bottom Line Management, Inc., is a member of the Multi-Million Dollar club for 2009.

Other 2009 Million Dollar Club members are (7) James Welch, the senior business broker/intermediary with Coldwell Banker Commercial Metro Brokers; (8) Charles Jay, founder of Jay and Associates of Macon, (9) Steven Josovitz, vice president of The Shumacher Group (10) Eric Gagnon, founder and president of We Sell Restaurants, (11) Peter Antoniades, a senior business analyst with Prime Business Investments, Inc., (12) Nick Modares, president, managing broker and owner of Business Brokers, Inc., and owner of Atlanta Business Advisors; and Matt Wochele (13) of Preferred Business Brokers, Inc.

Charles Jay and Jeffery Merry were honored as the first recipients of the GABB Phoenix Million Dollar Club Award for achieving a million dollars in sales for 10 years.

"Achieving a million dollars in sales is a great achievement in itself in any year, but even more so in today's economy," commented GABB President Art Lennig. "We congratulate our colleagues for successfully completing so many business sales in 2009."

The Georgia Association of Business Brokers, GABB, is a "not-for-profit," statewide membership organization committed to establishing and maintaining an environment and support structure for success and professionalism in the business brokerage industry. GABB actively encourages each member to achieve his or her highest potential by promoting education, integrity, community responsibility, leadership, professionalism and productivity.

Matt Slappey, a native of Decatur/DeKalb County, is the owner of the Decatur branch of Murphy Business and Financial Corporation. Slappey was the top broker in Murphy Business & Financial Corporation of Georgia in 2008 and 2009 for both the number of deals closed and the total dollar volume of transactions. Matt has been one of the top two producers of the GABB each year of his membership. He has helped clients acquire or sell businesses ranging from $150,000 to almost $20 million. Mr. Slappey draws from his experiences in previous business transactions, his Certified Business Intermediary (CBI) designation from the International Business Broker Association (IBBA), degrees in Accounting, Economics and Business and 12 years of experience in management for a Fortune 100 healthcare company. A veteran, Mr. Slappey served as a pilot and military intelligence officer in the U.S. Army. According to Mr. Slappey, "Given the great uncertainty we had in 2009 regarding business valuations, credit and financing, buyers and sellers of small to medium sized companies need to find a broker who will think out of the box to find solutions for them in maximizing value for their company and helping them actually get to a closing. The focus for 2010 is to get businesses sold before the end of the year to take advantage of the current capital gains tax rate before it increases Jan 1, 2011."

Jeffery E. Merry, a past president of the GABB, was the GABB top producer in 2008, 2007, 2006 and 2002, and has been a part of the Million Dollar Club since its inception in 1999. Mr. Merry, owner and founder of The Business House, Inc. of Gainesville has been a broker for 16 years. He specializes in serving the manufacturing and distribution industry, the service and construction industry and the consumer products industry. As a Business Intermediary, Mr. Merry has been involved in more than 150 mergers and acquisitions that have ranged in acquisition price from $100,000 to more than $10 million. Mr. Merry holds a Bachelors Degree from Mercer University, a Masters of Business Administration from the University of Illinois, and a Juris Doctorate from Atlanta Law School. Mr. Merry is a licensed real estate agent in Georgia and Florida, a Senior Business Analyst and a Certified Business Counselor.

Bina Cline, a senior business broker with Coldwell Banker Commercial Metro Brokers, is in her fourth year in a row in the GABB's Million Dollar Club. Ms. Cline specializes in the sales of child-care centers, both franchised and independent, and is a child-care industry expert. Ms. Cline was a Top Business Broker at Metro Brokers in 2008 and 2009, and a Top Five Commercial Agent at Metro Brokers in 2006 and 2007. She has been a GMAC Summit Century Club member since 2005. She has a MBA from Atlanta University and is a Six Sigma Certified Greenbelt. She is president of Advantage Solutions, LLC and of Child Care Center Sales, LLC. She speaks English, Hindi and Gujarati.

C. Patrick Harkins, CEO of Anchor Business Advisors, Inc., is a past GABB president and has had substantial experience as a consultant and auditor with a large national CPA firm. After five years of progressive experience, he became a vice president & CFO with a manufacturing client and directed a leveraged buyout of the shareholder group. After successfully implementing the strategic plan and stabilizing cash flow, Mr. Harkins was elevated to the board of directors and given additional operating responsibilities. A national search firm recruited him to assume the role of senior vice president & CFO of a large electronics and software company, where he directed the firm's merger activity and helped consolidate several previous acquisitions. With more than 25 years experience in the merger and acquisition field, he started Anchor Business Advisors in 1997 to help business owners sell their business and extract the greatest value while doing this process confidentially. Mr. Harkins was graduated magna cum laude from the University of Notre Dame with a Bachelor of Business Administration in Accounting, and earned an MBA in Finance "With Distinction" from DePaul University. He has been a guest lecturer at the University of Georgia's Graduate School of Business in buying and selling a business. He is a member of the American Institute of CPA's, the IBBA and M&A Source.

Patricia McDonald is founder and president of CBI Business Group, and is in her second year with multi-million dollar sales with GABB. A business broker for more than 21 years, Ms. McDonald has been a member of the International Business Brokers Association (IBBA) since 1990. She was designated a CBI (Certified Business Intermediary) in 1992 and in 2002 became a Fellow of the IBBA (FCBI), an honor conferred to CBI members who have made significant contributions to the IBBA. In 2004 she joined the M&A Source of the IBBA, and earned the M&AMI designation (Merger & Acquisition Master Intermediary) in 2005, one of 82 worldwide. Pat works with the conference planning and education committees of the IBBA and is an IBBA instructor. She helped to coordinate the Train the Trainer program, which was started to certify Instructors for the IBBA and has now grown into the IBBA Speakers Training Camp. Pat has been the GABB's membership chairperson and a member of the board. She is a member of the Cobb County Chamber of Commerce, where she is involved in the CEO Roundtable and the Leadership Cobb Class for 2009-2010. She belongs to the Marietta Kiwanis Club, actively participates in community projects sponsored by that group, and works with the Cobb County Boys & Girls Club. The YWCA of Northwest Georgia honored Ms. McDonald in 2010 in its Tribute to Women of Achievement. Pat maintains a real estate broker's license in Georgia, Florida, and North Carolina and has been a graduate of the REALTORS(R) Institute (GRI) since 1973. She specializes in manufacturing, wholesale, distribution, and specific service companies.

Loren Marc Schmerler is founder and president of Bottom Line Management, Inc. Mr. Schmerler graduated Summa Cum Laude from the Boston University School of Management and obtained a Masters Degree with honors from Georgia State University. He has been a business consultant for 40 years and a business broker for 24 years. Loren has the added distinction of having been the only business advice columnist for Sam's Club in the early 1990's and a national public speaker at Inc. conferences, BellSouth Symposiums and Staples new store openings. Mr. Schmerler has developed a Buyer's Broker Program that helps a corporate executive find a suitable business and transition into entrepreneurial life. When working with sellers of businesses, Loren helps them objectively decide whether freedom or money is most important to them when they are ready to exit their companies.

James Welch, past president of the GABB, is the senior business broker with Coldwell Banker Commercial Metro Brokers. Mr. Welch, a resident of Peachtree Corners, was the top Business Broker at his company in 2004 and 2007, and has led the Business Brokerage Division since 2003. In March 2010, he was awarded "Millionaires Club" status at Metro Brokers. Mr. Welch is a graduate of the Kenan-Flagler NHFA Key Executives Program at the University of North Carolina, Chapel Hill and a graduate of the Pacific Institute's Investment in Excellence Program. Mr. Welch is president and founder of Bottom Line Business Consulting, Inc. and www.BuySellSwapStuff.com, of Norcross; president, COO and executive board member of the Norcross Soccer Association, Inc. Mr. Welch specializes in brokering medium to large volume businesses, targeting privately held companies with annual revenues up to $20 million; and construction related businesses, all service companies and large retail, manufacturing, distribution and automotive companies. He also is a motivational speaker to business, church and civic groups, and is an active member of Peachtree Corners Baptist Church.

Charles Jay, a former GABB president, is the founder of Macon's Jay and Associates. Mr. Jay was one of the first five individuals in Georgia to be awarded the Certified Business Intermediary (CBI) designation by the International Business Brokers Association (IBBA), and has become a lifetime CBI. He is a fellow of the IBBA. Mr. Jay's firm works closely with select clients in investments, commercial real estate, insurance, income producing properties, partnerships, syndicates, providing venture capital, and business acquisitions throughout the State of Georgia. In 1998 Jay & Associates received the Better Business Bureau Torch Award for Marketplace Ethics. Mr. Jay's background includes approximately 20 years of dedicated service as the President of a financial institution. As a community leader he has also served as president, chairman, or a member of the board of directors for more than 35 different business, civic, and religious organizations throughout Middle Georgia and the State.

Steven Josovitz is vice president of The Shumacher Group, having joined the firm in 1992. As an Associate Real Estate Broker, he heads up the company's restaurant business brokerage division in addition to providing commercial retail and restaurant real estate site selection, sales and lease negotiation expertise. A former restaurant owner and trained professional chef, Steven has an extensive background in restaurant and hotel management. He also offers consulting, appraisal services and has been retained by law firms for his expert opinion to help settle disputes. Mr. Josovitz, a resident of Norcross, earned a B.S. in Hotel/Restaurant Management from Florida International University in 1981. Mr. Josovitz is a member of the Georgia Restaurant Association, International Council of Shopping Centers and the Retail Brokers Network. Steven's goals and thoughts for 2010 is the same as every year "Making sure all parties -- buyers, sellers and landlords -- walk away from the closing table happy. Maintaining integrity and honesty along with professionalism and expertise is a must. The needs of your clients must always come first before your commission."

Eric Gagnon, vice president and executive board member of GABB, is the founder and President of We Sell Restaurants and www.wesellrestaurants.com, a business brokerage firm specializing exclusively in selling Atlanta restaurants and bars. Mr. Gagnon has an extensive background in financial services and business valuation. He has worked for Bank of America and Bank of New York and previously served as director of business development for KPMG Atlanta. A graduate of Francis Marion University and the University of Montreal, he is licensed as a broker by the Georgia and Florida Real Estate Commission. He has been designated a Business Industry Expert by the Business Brokerage Press. Eric is well known as an industry expert in restaurant sales and valuation where he is a frequent speaker and writer for restaurant brokerage. Eric is a weekly contributor to the Atlanta radio show "Dishing with Donna" (AM920 WGKA) where he hosts a segment on the restaurant and business brokerage industry. He is also a member of the Georgia Restaurant Association and Georgia Restaurant Consulting Group.

Peter Antoniades is a senior business analyst with Prime Business Investments, Inc. He was recently certified as a Business Value Improvement Program Manager (CBVI-PM) where he helps business owners identify whether their businesses are "market ready" through an exclusive proprietary analysis process of BVI Resources. If not, he sets up a program to help them achieve that. This strategy is to improve the business's value and potential for sale or take it to another financial level. Peter has owned and operated many different types of businesses ranging from the hospitality industry, to retail, to light manufacturing. He immigrated to the USA in 1993 and was instrumental in opening two major national franchises in Atlanta. He attended the Rand Afrikaans University and the Damelin Management School and holds a Diploma in Business Management. He is also a professional chef with extensive restaurant knowledge. He was instrumental in setting up the South African Chefs Association as well as the South African Food & Cookery Association and is a member of both. He holds a State of Georgia Real Estate License and was a board member and past secretary of the GABB.

Nick Modares of Roswell is president, managing broker and owner of Business Brokers, Inc., and owner of Atlanta Business Advisors. Mr. Modares has owned and operated several retail, service, and distribution companies in his lifetime. He previously worked as a broker for Sunbelt Business Brokers in Atlanta. As a business intermediary and consultant, Nick has been involved in sales, service, mergers and acquisitions ranging in price from $50,000 to more than fifteen million dollars since 1988. After receiving his Masters Degree in Engineering Management (MBA of Engineering) from the University of Evansville, Ind., he studied at Purdue University towards his Ph.D. In his engineering and project management career, he worked with such multinational companies as Bechtel, Daniel International, and Ahlstrom Kamyer Incorporated.

Matt Wochele founded Preferred Business Brokers, Inc. in 1996 after a 17-year career as an investment banker. During this time he also was a partner in five Atlanta restaurants. He has enjoyed success both as a business broker, making the Million Dollar Club several times, and as a business owner guiding other agents in their careers. After working in the public investment arena as a vice president of investment sales, Mr. Wochele felt that his skills and experience would serve the private business owner very well. Preferred has successfully represented many business owners and sold hundreds of businesses over the past 14 years. Mr. Wochele resides in Sandy Springs with his wife Kathy, a professional artist, and their five daughters.

More information online: www.gabb.org .

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Copyright © 2010 by Georgia Association of Business Brokers and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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Story Title: 13 Georgia Business Brokers Named to Million Dollar Club with $30 Million Sold
• REFERENCE KEYWORDS/TERMS: Matt Slappey, Atlanta, Georgia, GABB million dollar club, Real Estate, Business, , ATLANTA, Ga..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Georgia Association of Business Brokers); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 19 Apr 2010 08:58:37 GMT].

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Real Estate

Building Engines Reports Continued Expansion with Related Management

Author: Building Engines, Inc.
Dateline: Boston, Massachusetts (BOSTON, Mass.)  | Mon, 19 Apr 2010

freeNewsArticles Story Summary: “BOSTON, Mass. -- Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today reports continued long-term system adoption within Related Management, a division of The Related Companies, Inc., a world-renowned real estate developer, owner and manager based in New York City. The announcement comes after a successful year of adoption and usage across commercial office, retail, and hospitality properties.”



A R T I C L E:

Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today reports continued long-term system adoption within Related Management, a division of The Related Companies, Inc., a world-renowned real estate developer, owner and manager based in New York City. The announcement comes after a successful year of adoption and usage across commercial office, retail, and hospitality properties in the industry leader's portfolio.

Related Management implemented Building Engines in January of 2009 to evaluate the flexibility of the Building Engines Preventive Maintenance and Work Order Modules within a sampling of properties in its Northeast portfolio. The initial deployment included the iconic Time Warner Center, Bronx Terminal Market/The Hub, and Snowmass Ski Resort in Colorado. Following the success of the initial deployment, Related expanded its relationship with Building Engines to include 30 luxury residential properties in New York City, San Francisco & Boston and additional retail properties.

"The flexibility of our application strengthens our ability to serve diverse portfolios," said David Osborn, CEO and President of Building Engines. "Our Standard Equipment Library and Rapid Start training and deployment program promote speedy user adoption and enable us to launch large portfolios, like Related, in a short time frame."

In January of this year, Building Engines announced strong growth despite the sharp downturn in the economy. The company continues to broaden product functionality across its property operations management system, enhance usability and increase its service programs; adding significant industry leaders to a growing stable of tier-one clients.

"We are positioned as a 'new economy' product," said Scott Sidman, Vice President of Sales & Marketing at Building Engines. "When companies sign on with us they get a product that enhances tenant retention and acquisition, a tool to help reduce costs and manage work order and preventive maintenance tasks more efficiently, and a platform that meets the needs of each member of the building operations management team - from engineer to senior executive. That is why companies like Related, whose name is synonymous with innovation and experience, continue to jump on board."

"We are committed to excellence," said David Osborn, CEO and President of Building Engines. "We continue to invest heavily in platform expansion, design, and modernization in our mission to fundamentally improve and perfect the way building operations software is delivered and supported."

About Building Engines, Inc.:

Building Engines is a Web-based system providing owners and managers of all property types with a comprehensive solution for improving operations and workflow management. Founded in 2000 by an entrepreneurial team of building and facilities operations management professionals, Building Engines serves the needs of hundreds of millions of square feet of various property types in the United States, Canada and Europe.

More information: www.buildingengines.com .

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Copyright © 2010 by Building Engines, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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Story Title: Building Engines Reports Continued Expansion with Related Management
• REFERENCE KEYWORDS/TERMS: operations management SaaS, Boston, Massachusetts, Related Management, Real Estate, Real Estate, , BOSTON, Mass..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Building Engines, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 19 Apr 2010 07:45:07 GMT].

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Real Estate

Foreclosure Rates on the Rise Across the Nation

Author: ForeclosureListings.com
Dateline: New York, New York (NEW YORK, N.Y.)  | Wed, 14 Apr 2010

freeNewsArticles Story Summary: “NEW YORK, N.Y. -- Data published by ForeclosureListings comparing March 2010 to February 2010 shows that Florida and Georgia had an important increase in foreclosure rates at 21.26 percent and 20.14 percent respectively. Michigan, one of the economically hardest-hit by the recession and a leading state in the number of foreclosure states surprisingly had only a .44 percent rise in foreclosures for the same time period.”



A R T I C L E:

Data published by ForeclosureListings comparing March 2010 to February 2010 shows that Florida and Georgia had an important increase in foreclosure rates at 21.26% and 20.14% respectively. Michigan, one of the economically hardest-hit by the recession and a leading state in the number of foreclosure states surprisingly had only a .44% rise in foreclosures for the same time period.

The state with the highest increase was Connecticut at 34.17%, while Colorado showed a drop in foreclosures between February and March of 2010 of 21.47%. Texas continued its increase in foreclosures at a rate of 10.07%, as did California at an additional 5.48%.

Colorado showed that a stronger economy leads to fewer foreclosures, although the Colorado Foreclosure Hotline is still receiving a record number of calls, according to manager Stephanie Riggi.

In 2007, financially troubled homeowners in a resort community could easily sell for at least what was owed. Today, resort counties are weathering 50% or greater declines in real estate sales from just four years ago.

According to Ryan McMaken, economist and director of community relations for the Colorado Division of Housing, "Demand for real estate has just dried up." Two years ago, 40% to 50% of foreclosure filings were second homes and timeshares.

"Today, it's mostly local owners, with less than 30% of properties in foreclosure coming from timeshares and second homes," McMaken said.

Driving foreclosures is employment and wage reductions, where people who were earning over $200,000 have been trying to hang on to their properties while earning $50,000 or less, for example.

Although resort communities historically are among the last to feel economic hardships and the first to rebound from a downturn, it may not be true this time due to the depth of the economic problems in the U.S.

Projections now show foreclosures in Colorado this year will climb another 50% over 2009 numbers. Recovery is likely to lag the rest of the nation, due to fewer buyers and plummeting values.

Our foreclosure data compares March 2010 versus February 2010. Note the actual number of homes as opposed to the percentages in just 30 days:

Top Cities Foreclosure Rates:
City, ST March Change
LAS VEGAS, NV 3177 +0.7292%
PHOENIX, AZ 2066 +25.5927%
CHICAGO, IL 1666 +19.3410%
DENVER, CO 1543 -24.9514%
HOUSTON, TX 1311 +9.9832%
MEMPHIS, TN 1255 +3.7190%
ATLANTA, GA 1204 +15.8807%
ORLANDO, FL 989 +27.2844%
CLEVELAND, OH 855 -8.0645%
DETROIT, MI 840 +2.4390%

Notice that Denver and Cleveland actually had decreases in foreclosures from the previous month, yet the number of actual foreclosures was 1,543 and 855, respectively. The foreclosure trend continues.

Other important cities:
City, ST March Change
INDIANAPOLIS, IN 793 +16.9617%
SAN ANTONIO, TX 740 +8.9838%
JACKSONVILLE, FL 710 +23.4783%
SACRAMENTO, CA 691 +2.8274%
FORT WORTH, TX 676 +6.4567%
MIAMI, FL 651 +6.8966%
DALLAS, TX 633 +10.0870%

Although the increase foreclosure rate percentages were the highest in Pensacola, Florida at 35.89% and in McDonough, Georgia at 35.03%, the actual increase of foreclosed properties was only 159 and 185, respectively.
Compare the actual numbers of foreclosed properties and the percentage increases and decreases here:

Highest increase (Important Cities):
City, ST March Change
TUCSON, AZ 698 +30.46%
ORLANDO, FL 989 +27.28%

Highest drop:
City, ST March Change
GOLDEN, CO 66 -48.83%
LITTLETON, CO 226 -47.92%
(The top cities with highest percentage drop are from CO, which has the biggest state drop.)

Highest drop (Important Cities):
City, ST March Change
DENVER, CO 1543 -24.95%
AURORA, CO 1194 -16.91%

We feel this is noteworthy because population and job opportunities are proportionate to the numbers of actual foreclosures. Too often it is easy to look at percentages instead of actual numbers of homes, or actual numbers of dollars. For example, look closely at the actual dollar values versus the change percentages:

Top states foreclosure average price:

State February March Change
CA $383,471.00 $351,269.00 -8.40%
FL $220,252.00 $217,041.00 -1.46%
MI $117,417.00 $150,902.00 +28.52%
TX $124,216.00 $136,052.00 +9.53%
GA $520,881.00 $535,337.00 +2.78%

Lowest price average:
OH $ 79,574.00
AR $125,285.00
MO $101,230.00

Highest price average:
GA $520,881.00
CA $383,471.00
HI $353,204.00

Highest price drop:
State February March Change
MA $480,119.00 $220,110.00 -54.16%
DC $381,655.00 $179,327.00 -53.01%

Highest price increase:
State February March Change
IN $69,846.00 $102,646.00 46.96%
SC $174,580.00 $239,011.00 36.91%

With the growing unemployment rate and the lower pay for those finding jobs that were unemployed, the situation appears to be worsening. Even when prices are lowered on foreclosed property, many people will have difficulty securing loans.

Many of the recent loans made are for refinancing of existing loans, but every day, loan seekers are unable to get the loans they need to cover the difference between what they owe and what the home is currently worth.

However, purchasing a home at discounted prices has never been easier as distressed properties now account for about one-third of all home re-sales.

For more information, visit: www.ForeclosureListings.com .

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Copyright © 2010 by ForeclosureListings.com and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

• Web Image (72dpi): https://www.send2press.com/mediaboom/10-0414-fclchart2_72dpi.jpg

Story Title: Foreclosure Rates on the Rise Across the Nation
• REFERENCE KEYWORDS/TERMS: Foreclosure Listings, New York, New York, foreclosures by state, Real Estate, Real Estate, , NEW YORK, N.Y..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (ForeclosureListings.com); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 14 Apr 2010 07:57:17 GMT].

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Business, Real Estate

More than 4 Million Families Face Foreclosure

Author: ForeclosureListings.com
Dateline: New York, New York Wed, 24 Mar 2010

freeNewsArticles Story Summary: “NEW YORK, N.Y. -- Data published by ForeclosureListings comparing February 2010 to January 2010 shows that Texas has witnessed the highest increase in foreclosures with a rise of 35.3 percent, followed by Michigan at 17.54 percent, California at 11.93 percent, and Florida at 4.71 percent increases. Georgia actually showed a decrease of 5.55 percent and Arkansas showed the largest drop in foreclosures down 28.6 percent.”



A R T I C L E:

NEW YORK, N.Y. /Neotrope News Network/ -- Data published by ForeclosureListings.com comparing February 2010 to January 2010 shows that Texas has witnessed the highest increase in foreclosures with a rise of 35.3 percent, followed by Michigan at 17.54 percent, California at 11.93 percent, and Florida at 4.71 percent increases. Georgia actually showed a decrease of 5.55 percent and Arkansas showed the largest drop in foreclosures down 28.6 percent.

The nation is struggling with a lack of jobs and continued pressure on home values leaving many homeowners with mortgages higher than their homes' value. Several states are creating emergency funds to help the temporarily unemployed from being foreclosed upon. But the numbers continue to paint a bleak picture.

Even with additional funds from the government there are too many people facing unemployment and weak housing values to enable many to borrow the necessary amount to prevent foreclosure or to purchase a home in foreclosure.

49 states have participated in uniform, minimum standards for licensing of mortgage loan originators that began in New York and North Carolina, and became law, and then became a model for Congress to enact the Secure and Fair Enforcement for Mortgage Licensing Act in 2008. Having learned their lessons from government intervention of relaxing guidelines in order to help more people purchase more homes, the laws are meant to reduce the amount of foreclosures in the future, but the damage has already been done.

Our foreclosure data compares February 2010 versus January 2010. Note the actual number of homes as opposed to the percentages in just 30 days:

Top Cities:
City, ST February Change
LAS VEGAS, NV 3154 +29.42 percent
DENVER, CO 2056 -5.25 percent
PHOENIX, AZ 1645 +34.61 percent
CHICAGO, IL 1396 +7.96 percent
MEMPHIS, TN 1210 +13.82 percent
HOUSTON, TX 1192 +37.80 percent
ATLANTA, GA 1039 -6.98 percent
CLEVELAND, OH 930 +1.86 percent
COLUMBUS, OH 857 +1.06 percent
DETROIT, MI 820 +15.33 percent

Notice that Atlanta, Georgia and Denver, Colorado actually had decreases in foreclosures from the previous month, yet the number of actual foreclosures was 1,039 and 2,056, respectively. The foreclosure trend continues.

Other important cities:
City, ST February Change
ORLANDO, FL 777 +10.68 percent
SAN ANTONIO, TX 679 +30.82 percent
SACRAMENTO, CA 672 +16.66 percent
MIAMI, FL 609 +6.65 percent
DALLAS, TX 575 +29.50 percent

We found it interesting that the larger cities as above had relatively fewer foreclosures percentages from the previous month than the comparatively smaller cities of Spring, Texas and of Garland, Texas with 165 and 167 total foreclosures at 46 percent and 43 percent increases over January, respectively.

Larger cities such as Houston, Texas which showed a change from January of over 37 percent with 1,192 homes foreclosed, and Phoenix, Arizona with over 34 percent change and 1,645 homes foreclosed continue to demonstrate the plight of unemployment and abandonment in search of locations for people to live where they can find jobs.

But there were some signs of improvement, for lack of a better word. Little Rock, Arkansas showed a monthly drop of 35.34 percent with only 75 foreclosures from the previous month, and Riverdale, Georgia showed a decrease of 25 percent with only 956 homes foreclosed. Likewise, two large cities of note, Washington, D.C. reported 169 foreclosures, a difference of 19.9 percent less than January, and Atlanta, Georgia reported 1,039 foreclosures, a drop of 6.98 percent in the same time period.

But homeowners, grappling with the need to lower their expenditures are finding that the mortgage notes they carry are higher than the current value of their homes, as revealed in the prices for some of the average prices in the top states, below.

Top states average price:
ST January February Change
CA $381,870.00 $383,471.00 +0.42 percent
FL $225,589.00 $220,252.00 -2.37 percent
MI $126,147.00 $117,417.00 -6.92 percent
TX $123,309.00 $124,216.00 +0.74 percent
GA $746,400.00 $520,881.00 -30.21 percent

Highest price drop
ST January February Change
GA $746,400.00 $520,881.00 -30.21 percent
AR $170,679.00 $125,285.00 -26.6 percent

It should be noted that homes bought in foreclosure are often in various states of disrepair and the price of the home is adjusted accordingly. And a distressed property can, and usually does, affect the price values of other homes in the neighborhood.

Lowest price average:
IN $69,846.00
OH $79,574.00
IA $81,360.00

As foreclosed homes are bought and repaired and brought up to their true values, the neighborhood's home values improve, and thereby the home value of the previously distressed property increases.

Highest price average:
GA $520,881.00
MA $480,119.00
AK $439,157.00
CA $383,471.00
DC $381,655.00

Highest price increase:
ST January February Change
SC $112,409.00 $174,580.00 +55.31 percent
ME $85,601.00 $97,167.00 +13.51 percent

Today one in every 418 homes in the U.S. has been filed in foreclosure, topping over 300,000 filings for the 12th straight month, bringing the nationwide total to almost 1.4 million. Nevada, the state that just a few years ago couldn't keep up with the demand for new home building is now the leader in foreclosures at four-times the national average, with Arizona, California, and Florida close behind.

The opposite side of the coin is that purchasing a home at discounted prices has never been easier as distressed properties now account for about one-third of all home re-sales. Learn more at: www.ForeclosureListings.com .

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Copyright © 2010 by ForeclosureListings.com and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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Story Title: More than 4 Million Families Face Foreclosure
• REFERENCE KEYWORDS/TERMS: Foreclosure Listings, New York, New York, home values 2010, Real Estate, Business, , .

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Business, Real Estate

Pacific West Management, Inc. Joins U.S. Residential Group, Inc. to Serve Multi-Family Industry Nationwide

Author: Pacific West Management, Inc.
Dateline: Dallas, Texas Wed, 24 Mar 2010

freeNewsArticles Story Summary: “DALLAS, Texas -- Pacific West Management, Inc. is pleased to announce its affiliation with U.S. Residential Group, Inc., a Dallas-based company established to provide multi-family real estate services on a nationwide scale. U.S. Residential Group is a full-service, fee-based management company for conventional and affordable multi-housing communities.”



A R T I C L E:

DALLAS, Texas /Neotrope News Network/ -- Pacific West Management, Inc. ("Pacific West Management") is pleased to announce its affiliation with U.S. Residential Group, Inc. ("U.S. Residential Group"), a Dallas-based company established to provide multi-family real estate services on a nationwide scale.

According to Al Fenstermacher, CEO of Pacific West Management, "Pacific West Management has been successfully operating in the Western and Sunbelt states for more than 30 years. Our affiliation with U.S. Residential Group has allowed Pacific West Management to continue providing its excellent fee-based apartment management services and, moreover, has enabled us to capitalize on the expertise of our principles and bring added services to the needs of the multi-housing industry on a coast-to-coast scale."

U.S. Residential Group is a full-service, fee-based management company for conventional and affordable multi-housing communities. By combining the talents and expertise of apartment professionals with more than 30 years of experience from each region of the country, U.S. Residential Group and its key employees have experience operating over 80,000 units throughout the United States. Services offered include fee-based apartment management to both traditional and affordable communities with a heavy emphasis on affordable housing compliance, auditing and agency reporting.

The fee-management division provides all management services including full property staffing and operations, marketing and lease up, resident retention programs, property accounting, banking and reporting as well as renovation management. They also specialize in transitional management, stabilization and repositioning of distressed properties.

"In addition to property management," Fenstermacher noted, "our Real Estate Services Division provides an invaluable resource for troubled or challenged communities. With the ever-changing economic climate, many properties benefit from our experience to bridge the gap between owners, lenders, buyers and sellers."

U.S. Residential Group's Real Estate Services Division assists all parties in achieving workable solutions through transitional management of REO property, receiverships, affordable housing compliance consultation, due diligence, loan restructuring and borrower representation, and joint venture opportunities.

Pacific West Management President Bev Ferguson will assume that role at U.S. Residential Group. Mrs. Ferguson has been active in property management for more than 25 years and opened the Pacific West Management Texas office in 2001. Her expertise encompasses all phases of the industry including marketing, financial management, staffing, property takeovers and capital improvement projects.

The Real Estate Services Division will be headed up by Todd Minor, who has negotiated and closed more than $2 billion of real estate loans as Executive Vice President of a real estate investment and development company, and has extensive loan workout experience as senior vice president for six REITs operating throughout the country.

For information, visit them on the Web at www.USResidentialGroup.com or call (949) 597-9700.

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Copyright © 2010 by Pacific West Management, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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Story Title: Pacific West Management, Inc. Joins U.S. Residential Group, Inc. to Serve Multi-Family Industry Nationwide
• REFERENCE KEYWORDS/TERMS: Pacific West Management, Dallas, Texas, Real Estate Services, Real Estate, Business, , .

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Business, Real Estate

U.S. Residential Group, Inc. Formed to Serve Multi-Family Industry Nationwide

Author: U.S. Residential Group, Inc.
Dateline: Dallas, Texas Tue, 16 Mar 2010

freeNewsArticles Story Summary: “DALLAS, Texas -- U.S. Residential Group, Inc., a company based in the Dallas-Fort Worth area, has been formed to provide management and real estate services to the multi-family housing industry nationwide. USRG is a full-service, fee-based management company for conventional and affordable multi-housing communities.”



A R T I C L E:

DALLAS, Texas /Neotrope News Network/ -- U.S. Residential Group, Inc., a company based in the Dallas-Fort Worth area, has been formed to provide management and real estate services to the multi-family housing industry nationwide. U.S. Residential Group is a full-service, fee-based management company for conventional and affordable multi-housing communities. By combining the talents and expertise of apartment professionals with more than 30 years of experience from each region of the country, U.S. Residential Group offers a full array of services to the multi-housing industry.

U.S. Residential Group and its key employees have experience operating more than 80,000 units throughout the United States. Services offered include fee-based apartment management to both traditional and affordable communities with a heavy emphasis on affordable housing compliance, auditing and agency reporting.

The fee-management division provides all management services including full property staffing and operations, marketing and lease up, resident retention programs, property accounting, banking and reporting as well as renovation management. They also specialize in transitional management, stabilization and repositioning of distressed properties.

The Real Estate Services Division provides an invaluable resource for troubled or challenged communities. With the ever-changing economic climate, many properties benefit from our experience to bridge the gap between owners, lenders, buyers and sellers. U.S. Residential Group's Real Estate Services Division assists all parties in achieving workable solutions through transitional management of REO property, receiverships, affordable housing compliance consultation, due diligence, loan restructuring and borrower representation and joint venture opportunities.

For information, visit them on the Web at www.USResidentialGroup.com or call (469) 546-6400.

Media Contact:
Debbie Anderson
Phone: 972.571.760-6.

###


Copyright © 2010 by U.S. Residential Group, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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Story Title: U.S. Residential Group, Inc. Formed to Serve Multi-Family Industry Nationwide
• REFERENCE KEYWORDS/TERMS: US Residential Group, Dallas, Texas, property management services, Real Estate, Business, , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (U.S. Residential Group, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 16 Mar 2010 17:13:10 GMT].

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Business, Real Estate

Building Engines, Inc. Responds to Struggling Real Estate Market and Announces the ‘NOCOST’ Vacant Building Relief Program

Author: Building Engines, Inc.
Dateline: Boston, Massachusetts Mon, 01 Mar 2010

freeNewsArticles Story Summary: “BOSTON, Mass. -- Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today responded to the struggling real estate market with the launch of a new Vacant Building Relief Program. The program, No Occupancy Carry-Over System Trial (NOCOST), allows owners and managers of vacant buildings to use the Building Engines operations and workflow management system at no cost.”



A R T I C L E:

BOSTON, Mass. /Neotrope News Network/ -- Building Engines, provider of a comprehensive Web-based operations management solution for owners and managers of all property types, today responded to the struggling real estate market with the launch of a new Vacant Building Relief Program. The program, No Occupancy Carry-Over System Trial ("NOCOST"), allows owners and managers of vacant buildings to use the Building Engines operations and workflow management system to control inspections, track zero occupancy preventive maintenance tasks and maintain the overall value of vacant assets at no cost.

NOCOST is an effective response to dropping occupancy rates and the first program of its kind in the industry. It is available, free of charge, to commercial property owners and managers of office, retail, residential, mixed use, industrial or warehouse buildings in the United States and Canada for the lifetime of a building's vacancy. Users will have access to the complete Building Engines operations management solution and standard implementation guidance, as well as a library of recommended maintenance tasks tailored specifically for vacant buildings. Additionally, NOCOST members will receive the same Tier-One Building Engines service and support that all its customers experience.

"Empty buildings are an unfortunate reality these days," said David Osborn, President and CEO of Building Engines. "While empty buildings may require less oversight than occupied buildings, they still need regular maintenance to preserve value. NOCOST is a triple win for owners and managers of empty assets, giving them expense relief while preserving asset value for the long term - all while experiencing the most effective operations management system in the business."

The total square feet of all applicable buildings must meet or exceed 250,000 square feet to be eligible. At the time the asset becomes occupied, users will have the option to continue using the product at a reasonable cost, or to terminate at no charge.

To learn more about the Building Engines vacant building relief program, NOCOST, please call 866.301.5300.

About Building Engines, Inc.:

Building Engines is a Web-based system providing owners and managers of all property types with a comprehensive solution for improving operations and workflow management. Founded in 2000 by an entrepreneurial team of building and facilities operations management professionals, Building Engines serves the needs of 80 enterprises, managing more than 1,700 individual facilities and 200 million sq. ft. of property. More information: http://www.buildingengines.com/ .

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Copyright © 2010 by Building Engines, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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Story Title: Building Engines, Inc. Responds to Struggling Real Estate Market and Announces the 'NOCOST' Vacant Building Relief Program
• REFERENCE KEYWORDS/TERMS: Building Engines, Boston, Massachusetts, operations management system, Real Estate, Business, , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Building Engines, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 01 Mar 2010 19:01:08 GMT].

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Real Estate

Bank Foreclosures Sale Reports Fewer Foreclosures in January

Author: Bank Foreclosures Sale
Dateline: Miami, Florida Mon, 01 Mar 2010

freeNewsArticles Story Summary: “MIAMI, Fla. -- New statistics from Bank Foreclosures Sale, a leading online provider of foreclosure listings and information, reveal that foreclosure rates in states across the nation were down significantly during January. Nationally, the number of foreclosures for sale fell by 10 percent from December to January, with a total of 315,710 foreclosure homes reported.”



A R T I C L E:

MIAMI, Fla. /Neotrope News Network/ -- New statistics from Bank Foreclosures Sale, a leading online provider of foreclosure listings and information, reveal that foreclosure rates in states across the nation were down significantly during January. Nationally, the number of foreclosures for sale fell by 10 percent from December to January, with a total of 315,710 foreclosure homes reported. While these figures do indicate that the new year seems to be getting off on the right foot for buyers and investors, experts point to the fact that this month's total may be down, but is still 15 percent higher than it was in January of 2009.

However, there are plenty of positive signs out there, especially when you narrow in on the statistics for regional markets. For example, the top 6 states for foreclosure rates, Nevada, Arizona, California, Florida, Texas and Illinois, accounted for 60 percent of the national foreclosure property total. However, these states are not seeing anywhere near the foreclosure growth rates that they have previously. Texas and California saw their foreclosures drop by roughly 11 percent, while Florida experienced a 14.9 percent decrease in foreclosure homes.

Similarly, Phoenix, AZ was the only metropolitan area in the Top 10 for foreclosures to see an increase in January, and it was only a 4 percent gain. Other cities, such as Orlando, FL; San Bernardino, CA; and Cape Coral, FL all saw significant decreases.

"These are some of the biggest foreclosure inventories in the nation, so this should be a signal to buyers," remarked Simon Campbell, a Business Analyst for Bank Foreclosures Sale. "Less foreclosures means climbing home values, and with sale prices for foreclosed homes already looking up in many areas, this could be the beginning of a great year for buyers."

Other areas with notable decreases in foreclosure homes during January were New Jersey, down 39.3 percent; North Carolina, which fell 11.3 percent; Ohio, down 5.5 percent; and Alabama, where foreclosures dropped by 28.4 percent.

Some states did see hikes in foreclosures during January, but interestingly these are not areas usually associated with high foreclosures. Experts believe that Nebraska, up 68.4 percent; Oregon, increasing by 13.5 percent; and Delaware, rising 78.9 percent, could be experiencing the effects of unemployment and the economic recession rather than the flooded market and inflated mortgages driving high foreclosures in the Sun Belt states.

To stay informed about the latest foreclosure news and information or to search foreclosure listings in your area, visit www.BankForeclosuresSale.com .

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Story Title: Bank Foreclosures Sale Reports Fewer Foreclosures in January
• REFERENCE KEYWORDS/TERMS: Bank Foreclosures Sale, Miami, Florida, online foreclosure listings, Real Estate, Finance, , .

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Real Estate

Foreclosure Deals Reports on Falling Foreclosures in January

Author: Foreclosure Deals
Dateline: Los Angeles, California Tue, 23 Feb 2010

freeNewsArticles Story Summary: “LOS ANGELES, Calif. -- New statistics from Foreclosure Deals, a leader in foreclosure listings industry, show the market for foreclosures is already improving in 2010, with foreclosures down 10 percent in January from the previous month. Foreclosure property inventories also fell in traditional foreclosure hotspots throughout the nation, which experts believe could be an excellent sign for buyers considering a purchase this year.”



A R T I C L E:

LOS ANGELES, Calif. /Neotrope News Network/ -- New statistics from Foreclosure Deals (www.foreclosuredeals.com), a leader in foreclosure listings industry, show the market for foreclosures is already improving in 2010, with foreclosures down 10% in January from the previous month. Foreclosure property inventories also fell in traditional foreclosure hotspots throughout the nation, which experts believe could be an excellent sign for buyers considering a purchase this year.

With 315,700 foreclosure properties reported in January, the national inventory is still 15% higher than it was one year ago. However, new foreclosures were up by only 4%, and with foreclosures falling in many key states, the new year figures to be a great time to find some excellent deals.

"Basically, we're seeing a tapering market for new foreclosures and, maybe most importantly, falling foreclosures in locations like Las Vegas, Orlando, and Miami," remarked James Foxx, a business analyst at Foreclosure Deals. "As sale prices continue to rise as we've been seeing, now is the time to buy low and get a great return on an investment. There are some excellent opportunities out there."

Despite holding the highest foreclosure rate among states with 1 in every 95 homes, Nevada foreclosures fell by 18% in the past year. California, with the largest total volume of foreclosure homes, also saw property foreclosures fall by roughly 6.5% from a year earlier. Florida and Arizona, the other two states which have consistently made up the Top 4 for in recent years, saw foreclosures rise by 43% and 15% respectively. However, these figures are all down significantly compared with 2008, indicating a trend of slowing foreclosures in all four states. Making up the rest of the Top 10 were Utah, Michigan, Georgia, Illinois, Idaho and Oregon.

States that saw the biggest decreases in foreclosures during the past month were South Dakota, falling 90%; Wyoming, where foreclosures fell 53%; and New Jersey, with a 40% decrease. While it remains to be seen if the trend of falling foreclosures will continue throughout the year, it's hard to ignore the positive signs, as Washington D.C., Rhode Island, Ohio and Virginia all also saw foreclosure properties decrease significantly in the past month.

States with the highest yearly increase in foreclosures were Nebraska, up an astounding 1125%; New Mexico, up 680%; and Montana, where foreclose property rose by 708%.

Visit Foreclosure Deals to get the latest news and information on the foreclosure market, as well as search current foreclosure listings anywhere in the country.

For more information, visit: www.foreclosuredeals.com .

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Story Title: Foreclosure Deals Reports on Falling Foreclosures in January
• REFERENCE KEYWORDS/TERMS: Foreclosure Deals, Los Angeles, California, home foreclosures, Real Estate, Finance, , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Foreclosure Deals); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 23 Feb 2010 06:59:46 GMT].

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