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Foreclosure News - RealtyStore's News Desk

Our Jack Philson, Sr, Editor, Foreclosure News Desk
Jack Philson, Sr Editor - Foreclosure News Desk, is on the lookout for the news and information on distressed real estate that you might have missed. His goal is to bring you relevant, and sometimes irreverent, news, comments, updates and perspectives on general happenings and developments across the foreclosure landscape. National foreclosure news, foreclosure trends, home buying and mortgage finance topics, economic analysis and more are on Jack’s foreclosure radar as he gleans the foreclosure news headlines and horizon. Stay informed on the ever changing events related to financially distressed real estate. Keep an eye on Jack’s news feed to get the latest dose of foreclosure news and reports you might miss elsewhere!

Top news and perspectives on foreclosures, rent to own homes, and the best values in real estate

RealtyStore reports its Foreclosure Reviews for the top counties in the U.S. on quarterly basis. Check back frequently to see the latest Foreclosure Trends in your market. * Follow this link for Realtystore.com reviews by our customers.

When thinking of HUD homes for sale, some people harken back to the days when Housing and Urban Development got its start. There were some challenging times during back then, and some of the challenges involved rioting. However, there were some heroes at the time that did their best to resolve some of the discrepancies in the system.
  Bank foreclosures have been on the rise ever since the 2008 recession began. Both qualified and unqualified home buyers have seen their homes taken over by banks and today, America is home to many discouraged home buyers.
  It used to be that the American dream was owning your own home with a neat row of bushes in front and a white picket fence blocking your property off from the world. Today, more people than ever are renting properties rather than buying their own homes, and the lease option is changing the American dream.There are a variety of factors influencing the direction of the real estate market right now:
Bank foreclosures and cheap homes have led to a surprising situation, marijuana growers moving into upscale homes in the suburbs.
Currently, the rental market is booming. However, renters looking for rental properties need to beware of a new foreclosure scam that is cropping up in various places across the country. Scammers are targeting renters in several different ways. 
A recent Gallup poll reveals good news for potential homeowners.  70% of participants agree that today is a great time to buy a home.  Foreclosures are plentiful and interest rates remain low.  This trend is up from 52% in 2006 and 53% in 2008.  Gallup has been tracking home ownership since 2001 and uses figures from a balance of demographics, gender, age, race and education.
Is your faith being foreclosed on? If you're among the churchgoers of hundreds of churches which are facing foreclosure, the answer may be yes. Banks, it seems are losing patience much more rapidly with religious groups and are foreclosing on their mortgages in near record numbers.The financial crash that has taken place in recent years, most notably in 2008 is causing foreclosures which are still taking place. They are, in fact, happening far more rapidly in 2010 and 2011 than church based foreclosures have ever taken place before.
The entire US is lamenting that there are a lot of houses which are vacant right now and the sad reality is that not enough people want to buy them. 
It's high season for tax sales in Florida. Over 200,000 tax liens have recently been posted for this state at RealtyStore.com.
The beginning of spring shows no signs of immediate recovery with Freddie Mac reporting a 30-year loan to qualifying borrowers at 3.88%. This percentage is a downgrade from the 3.9% held last week and barely higher than the average of 3.87% during the month of February. What this means for potential homeowners is that now is the time to buy. Rates at this average are at historical lows and will probably never see these levels again. The average rate for a 15-year fixed loan are down to 3.12%, a further dip from last week's 3.13%.
Home Prices are Leveling OutThe price of new homes is beginning to stabilize as of April 2012. The sale of existing homes declined in March 2012, although they were still higher than they were a year ago. The inventory of homes also declined in March, which prevented the usual increase in sales during this period. The primary reason for the decline in sales in the western United States and southern Florida was the lack of supply. Home sales were restricted by demand in other parts of the country.Prices
The beginning of spring shows no signs of immediate recovery with Freddie Mac reporting a 30-year loan to qualifying borrowers at 3.88%. This percentage is a downgrade from the 3.9% held last week and barely higher than the average of 3.87% during the month of February. What this means for potential homeowners is that now is the time to buy. Rates at this average are at historical lows and will probably never see these levels again. The average rate for a 15-year fixed loan are down to 3.12%, a further dip from last week's 3.13%.

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