Entries Tagged as 'Foreclosed Houses'

Foreclosed houses are not selling as expected. Rising joblessness has shied off potential buyers. According to a recent poll over half the number of would-be buyers are cautious about investing in property as they are haunted by a fear of losing jobs.

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With the approach of the hurricane season there is serious concern about problems emanating from foreclosed houses in Florida. About six vacant foreclosed houses are standing empty in Lehigh Acres just waiting to be destroyed when hurricanes slam down in south western Florida.

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nevada-foreclosure

Investors from down under are flocking to buy foreclosed houses mainly in southern Florida. So far the common scene has been the crowding in of Germans,

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Developers are an enterprising lot – not taking things lying down they have turned to foreclosed properties to tide over recession days. It is reminiscent of the old adage – ‘If you cannot beat them then join them.’ Today it seems for some this is working.

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Foreclosed houses are bargain deals for buyers but there are pitfalls. Beth Hoffmann and Andrew Garcia fell in love with each other and with a foreclosed unit in Mayfield Baltimore – it was just ideal for their first nest. They thought it would be easier to sail through a foreclosure deal than with a short sale. But soon they found the difficulties here also.

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Foreclosed houses that have so far plagued Lake County with record breaking numbers are now turning into assets. It could bring nearly $5 million federal dollars to purchase, refurbish and re-sell or rent out these houses currently standing vacant.

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Despite much focus on the plight of renters the abuse continues. Tenants in foreclosed houses are being thrown out on to the streets. It is a common sight to see boarded up apartment units in cities. The emergency shelters meanwhile are choc-a-bloc with women and children.

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The pile up of foreclosure trash is not all negative – it spells earnings for some. Families evicted by foreclosures leave behind unwanted trash. Sometimes it is not always rubbish – it is just that they have nowhere to go loaded with this stuff.

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In an effort to help troubled borrowers a workshop scheduled for Saturday (13th December) will address problems relating to foreclosures and how it can be avoided. The venue of the meeting is Gilbert Civic Center. This workshop is an outcome of the efforts being made across the Valley by Leadership Centre and Arizona Foreclosure Prevention Task Force.

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