Mortgage News

Archive for the ‘Hundreds Of Thousands’ tag

Just One Little House, but a Good Indicator of Foreclosed Properties Nationwide

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We conducted an unscientific, teeny little survey of foreclosed houses
last week – precisely one house – but given the figures we quoted earlier
this week about the toll foreclosed homes are taking on cities,
neighborhoods, and individual neighbors – we are willing to bet that what
we saw in Darien, Georgia can be extrapolated to portray hundreds of
thousands of foreclosed homes nationwide.

And what we see is how the policies of lenders and
their real estate agents are making the foreclosure situation worse than
it needs to be.

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Vacation and Investment Property Sales Strong Despite Market Troubles

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Hundreds of thousands of American homeowners may be in desperate
straits, facing crippling rate resets or worse, foreclosure, but others
continued to purchase vacation homes and investment properties at
a healthy rate
.

Vacation homes were most popular in the South
where …

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