Higher rates of depression linked to mortgage woes-study

2011-10-20T14:30:18Z

(Reuters) - Adults who have fallen behind on mortgage payments exhibited higher rates of depression and are skipping meals and medications because they cannot pay the bills, a study published on Thursday found.

More than 20 percent of adults over age 50 who were delinquent on a mortgage developed elevated depression symptoms compared to 3 percent of non-delinquent peers, the study published in the

Foreclosures fall in April amid paperwork issues

2011-05-11T21:30:09Z

WASHINGTON (Reuters) - The number of Americans who lost their homes to the bank fell in April as faulty paperwork continued to slow foreclosure activity, which fell to a more than three-year low, a closely watched survey said on Thursday.

Banks seized about 69,532 homes in April, down 8.6 percent from March and a drop of more than a third from a year earlier, real estate data firm

U.S. home foreclosures rise in January

2011-02-09T21:30:06Z

NEW YORK (Reuters) - U.S. home foreclosures jumped 12 percent last month, but the sharp divide between states suggests the industry remains backlogged by investigations into the foreclosure process.

According to a report from real estate data firm RealtyTrac, l...

US foreclosures hit record 2.9 mn in 2010: analyst

2011-01-13T04:30:31Z

Banks moved to repossess a record 2.87 million US homes in 2010 as the two-year-old mortgage crisis continued to weigh heavily on the economy, foreclosure specialist RealtyTrac said.

Foreclosures hit 2.23 percent of all housing units in the country, or one out of 45, an increase from 2.21 percent in 2009, RealtyTrac said in its 2010 report.

But the pace of f...

2010 home foreclosures top 1 million for first time

2011-01-12T21:30:05Z

WASHINGTON (Reuters) - Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday.

Banks foreclosed on 69,847 properties in December, bringing the year's total to 1.05 million, topping the prior record of 918,000 homes seized in 2...

Two states sue Bank of America on mortgage servicing

2010-12-17T15:00:17Z

SAN FRANCISCO (Reuters) - The states of Arizona and Nevada sued Bank of America Corp on Friday, accusing the largest U.S. bank ...

Arizona sues Bank of America over mortgage servicing

2010-12-17T10:00:38Z

SAN FRANCISCO (Reuters) - The state of Arizona has sued Bank of America Corp alleging the lender consistently misled consumers about its home loan modification process, a source familiar with the situation said...

Number of homes taken back by lenders tumbles

2010-12-15T22:00:15Z

Foreclosure-document flaws lead to sharp drop in homes taken back by lenders in November

The number of U.S. homes taken back by lenders dropped to the lowest level in 18 months in November, the result of foreclosure freezes enacted by several banks following allegations that evictions were handled improperly.

Home repossessions dropped 28 percent from October and 12 percent from November last year, foreclosure listing firm Report: Tough budget times are far from over for many states, may last another 3 years

Lawmakers have reduced spending for parks, health care for low-income children and some state-funded medical transplants. Still, the tough times are far from over.

A report by the National Conference of State Legislatures to be released Wednesday s...

3rd-qtr mortgage delinquency jumps in Northeast

2010-11-21T21:30:22Z

Late mortgage payments rise sharply in 3rd qtr in Northeast; nationwide rate increase slows

Late mortgage payments jumped sharply in several Northeastern states during the third quarter, while the national delinquency rate rose at a far slower pace.

The rate of borrowers who were 60 days or more past due on their home loans jumped sharply in New York, New Jersey, Maine...

Housing market remained bleak through October

2010-11-29T14:33:38Z

...

October foreclosures fall as processing stalls

2010-11-12T10:00:59Z

WASHINGTON (Reuters) - The number of U.S. homes taken over by banks fell 9 percent in October as foreclosure processing was stalled by questionable paperwork, real estate data company RealtyTrac said on Thursday.

Banks foreclosed on 93,236 properties in October, sharply lower than September's record high ...

US cities the most affected by foreclosures

2010-11-29T15:29:50Z

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Investing in a niche market: Foreclosures

2010-11-29T15:36:07Z

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Scottsdale, Arizona, real estate guide

2010-11-29T15:29:54Z

...

U.S. September home foreclosures top 100,000 for 1st time

2010-10-13T21:30:29Z

WASHINGTON (Reuters) - The number of U.S. homes taken over by banks topped 100,000 for the first time in September, though foreclosures are expected to slow in coming months as lenders work through questionable paperwork, real estate data company RealtyTrac said on Thursday.

Banks foreclosed on 102,134 pr...

Nearly one in four second-quarter home sales a foreclosure

2010-09-30T03:15:10Z

NEW YORK (Reuters) - Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties in about three years, RealtyTrac said.

Banks stepped up foreclosures through the summer and will take over a record...

About 1 in 4 Q2 home sales a foreclosure: report

2010-09-29T21:30:07Z

Banks stepped up foreclosures through the summer and will take over a record...

Is Your Agent a Certified Distressed Property Expert?

2010-10-07T06:43:38Z

It's estimated that one in seven homeowners is currently facing foreclosure (or at least one payment past due). On top of that, unemployment and poor economic conditions have contributed to short sales tripling since 2008. These are scary statistics, for sure, and they're even more terrifying if your real estate agent isn't a Certified Distressed Property Expert (CDPE).

CDPE real estate agents are uniquely qualified to handle Arizona short sales and Arizona home foreclosures. Real esta...

Number of Foreclosures in August, 2010 Still Falling

2010-09-11T16:20:57Z

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Bank repossessions drive up July foreclosures

2010-08-12T07:45:07Z

NEW YORK (Reuters) - More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace.

Banks repossessed the second highest monthly number of homes ever last month, working through distressed loans already on their books rather than sharply stepping up new default notices, real estate data company Short Sales Arizona are quickly becoming a popular option for struggling Arizona home owners, to help avoid the costly fees and inevitable credit damage foreclosures can bring.

Home foreclosure is running rampant these days across the state, with many home owners unable to make mortgage payments due to re...

Daily Journal: A Decent but Declining Business

2010-10-27T08:55:59Z

...

April foreclosures ebb, suggesting high plateau

2010-06-16T11:17:22Z

NEW YORK (Reuters) - Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.

No meaningful improvement is likely this year, however, with mortgage modifications and high unemployment only delaying the ...

Chapter 7 Bankruptcy Laws in Arizona

2010-10-27T08:09:16Z

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Is a Double-Dip Recession Written Between the Lines of Housing Reports?

2010-10-25T12:28:23Z

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Homeowners seek help at Glendale foreclosure event

2010-06-16T11:09:18Z

Hundreds of homeowners seek help avoiding foreclosures at fed-sponsored event in Arizona city

Hundreds of homeowners trying to avoid losing their homes to foreclosure met with housing counselors and lender representatives at an event in Glendale on Thursday.

At least 500 homeowners met with counselors approved by the federal Housing and Urban Development Department,...

Foreclosure rates up by smallest amount in 4 years

2010-06-16T11:09:14Z

Foreclosures rise 6 percent in February, smallest yearly increase in 4 years

The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.

RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from a year ago, the smallest annual increase in four years. On the...

Job Loss Is The Primary Reason Behind Foreclosures

2010-10-05T20:10:17Z

The US economy is on a tailspin. Unemployment is at its peak of around 10 per cent. As people lose jobs, even those with sound credit history are faltering on mortgage payments. Hence,

Rise in Jingle Mail May Be Coming

2010-10-22T14:24:04Z
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U.S. 2009 foreclosures shatter record despite aid

2010-06-16T11:26:05Z

NEW YORK (Reuters) - U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.
A record 2.8 million properties with a mortgage got a foreclosure notice last yea...

Record year for foreclosures as unemployment rises

2010-06-16T11:26:08Z

A record 2.8 million home receive foreclosure notice in 2009; December rate spikes
A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.
The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac Inc. repo...

Even the kitchen sink

2010-06-15T09:09:44Z

People facing foreclosure legally stripping their soon-to-be former homes
The foreclosure crisis in Nevada has led to a rash of what lenders and real estate agents call vandalism. People are taking everything — tiles, electrical fixtures, bathtubs, wiring and, yes, even kitchen sinks — down to the drywall.
That may sound like a crime, but it isnÕt in Nevada if the soon-to-be former owner is the...

Borrowers with modified loans falling into trouble

2010-06-15T09:11:50Z

Report says homeowners whose loan payments are cut by 20 percent or more still falling behind
One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.
When borrowers get into financial trouble, lenders have several ways to help. They can offer grace periods, longer repayment schedules, lower interest rates or reduced balances.
But ne...

Cytec shares fall; Goldman cites industry troubles

2010-06-15T09:18:12Z

Cytec falls; Goldman recommends selling on 'bleak' industry outlook; uncertain Europe economy
California's ongoing fiscal crisis has attracted national attention, but a study warns that nine other states are barreling toward similar economic disaster.
A report released Wednesday by the Pew...

How Long Does Foreclosure Take?

2010-09-08T22:05:30Z

In Foreclosure

Power of Sale Foreclosure vs. Judicial Foreclosure, how fast can the bank foreclose?

First of all, most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments. Although missing a single payment is a default under the terms of most loan documents, lenders have neither the time nor the desire to foreclose on borrowers who have missed one payment. The process will be initiated when it becomes clear that the de...

How to Buy Bank Owned Foreclosed Homes with Arizona Foreclosure Listings

2010-10-22T08:43:29Z
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By the Numbers: Foreclosure filings rose in 3rd quarter

2010-10-26T23:19:54Z
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US ECON: Q3 Foreclosure Rate Up 5% to Record High

2010-10-22T07:47:32Z
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RealtyTrac: Q2 Foreclosure Activity Highest on Record

2010-10-22T07:18:09Z
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Worst foreclosure rates found in 4 states

2010-06-16T10:27:25Z

Report finds Calif, Fla., Ariz. Nevada have 26 cities with worst foreclosure rates
The 26 U.S. cities with the worst foreclosure problems are concentrated in four states — California, Florida, Arizona and Nevada,...

America's Most Foreclosure-Ridden Towns

2010-10-21T09:57:33Z
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February's Top 10 Foreclosure States

2010-10-21T09:54:05Z
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2 Florida banks temporarily halting foreclosures

2010-06-16T11:02:25Z

Pair of Florida banks joins national parade temporarily halting foreclosures
Two Florida banks are joining some of the country's largest lenders in temporarily halting foreclosures as the federal government tackles the housing crisis.
On Friday, Fannie Mae, Freddie Mac and major banks

Median home prices fell nationwide in 4Q

2010-06-16T11:02:58Z

Median home prices fell in 88 percent of US metropolitan areas in fourth quarter of 2008
Home prices fell in nearly nine out of every 10 U.S. cities in the fourth quarter of last year as low-cost foreclosures flooded the market and the housing market's decline spread nationwide.
The National Association of R...

America's Post-Subprime Boomtowns

2010-10-21T09:46:45Z
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Foreclosure activity drops to June levels

2010-06-15T10:08:05Z

New foreclosure filings fall to lowest level since June
The number of American homeowners dragged into the housing crisis fell last month to the lowest level since June as new state laws lengthened the foreclosure process, RealtyTrac reported Thursday.
"We're going to have a pretty significant spike in January," said Rick Sharga, RealtyTrac's v...

US foreclosures soar by 71%

2010-10-27T14:52:11Z

Misery swept through the American property market as the number of houses facing repossession shot up by 71% in the third quarter of the year, leaving more than 750,000 homeowners in danger of eviction.
As the credit crunch tightened its grip, many more people fell behind on mortgage repayments. A million foreclosures are expected by the end of the year, amounting to a third of properties for sale.
Figures from the research firm Delinquencies, foreclosures rise to more than 9 percent of US home loans in second quarter
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
The Mortgage Bankers As...

Arizona Foreclosure: How Bankruptcy Can Help You

2010-09-10T15:14:09Z

If you're like thousands of other Arizonans, you're in danger of losing your home to a bank foreclosure. Fortunately, many are discovering the solution in what may seem the unlikeliest of places ? bankruptcy. Losing everything you own is just one of many Arizona bankruptcy myths encountered by Arizona Bankruptcy Now legal counsel over the past 15 years. In fact, with the help of an experienced Arizona bankruptcy lawyer who understands the law, you'll likely keep your home, as well ...

Foreclosures: Pick a State, Any State - Housing Tracker

2010-10-19T14:13:45Z
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This is Not the Time for Investors to Be Catching Falling Knives

2010-10-19T09:59:08Z
...

Blue Jackets Coyotes Hockey

2011-01-04T21:01:31Z
Columbus Blue Jackets' R.J. Umberger (18) scores a goal against Phoenix Coyotes' Ilya Bryzgalov, of Russia, during the second period of an Connecticut head coach Randy Edsall watches his team during the Fiesta Bowl NCAA college football game against Oklahoma Saturday, Jan. 1, 2011, in

Western Weather

2010-12-30T17:32:00Z
Semi-trucks line up over a bridge in Bellemont, Ariz., on Thursday, Dec. 30, 2010. A winter storm kept motorists off Interstate 40 in northern Arizona for hours. (AP Photo/Felicia Fonseca)
Copyright 2010 AP Features

...

Alamo Bowl Football

2010-12-29T23:00:14Z
Oklahoma State's Justin Blackmon, left, tries to get away from Arizona's Robert Golden (1) after a catch during the first quarter of the Alamo Bowl Anaheim Ducks right winger Corey Perry (center) celebrates with teammates Ryan Getzlaf (left) and Matt Beleskey (39) after scoring a goal during the first period of an NHL hockey game, Tuesday, Dec....

News on Arizona

Higher rates of depression linked to mortgage woes-study

Foreclosures fall in April amid paperwork issues

U.S. home foreclosures rise in January

US foreclosures hit record 2.9 mn in 2010: analyst

2010 home foreclosures top 1 million for first time

Two states sue Bank of America on mortgage servicing

Arizona sues Bank of America over mortgage servicing

Number of homes taken back by lenders tumbles

3rd-qtr mortgage delinquency jumps in Northeast

Housing market remained bleak through October

October foreclosures fall as processing stalls

US cities the most affected by foreclosures

Investing in a niche market: Foreclosures

Scottsdale, Arizona, real estate guide

U.S. September home foreclosures top 100,000 for 1st time

Nearly one in four second-quarter home sales a foreclosure

About 1 in 4 Q2 home sales a foreclosure: report

Is Your Agent a Certified Distressed Property Expert?

Number of Foreclosures in August, 2010 Still Falling

Bank repossessions drive up July foreclosures

Daily Journal: A Decent but Declining Business

April foreclosures ebb, suggesting high plateau

Chapter 7 Bankruptcy Laws in Arizona

Is a Double-Dip Recession Written Between the Lines of Housing Reports?

Homeowners seek help at Glendale foreclosure event

Foreclosure rates up by smallest amount in 4 years

Job Loss Is The Primary Reason Behind Foreclosures

Rise in Jingle Mail May Be Coming

U.S. 2009 foreclosures shatter record despite aid

Record year for foreclosures as unemployment rises

Even the kitchen sink

Borrowers with modified loans falling into trouble

Cytec shares fall; Goldman cites industry troubles

How Long Does Foreclosure Take?

How to Buy Bank Owned Foreclosed Homes with Arizona Foreclosure Listings

By the Numbers: Foreclosure filings rose in 3rd quarter

US ECON: Q3 Foreclosure Rate Up 5% to Record High

RealtyTrac: Q2 Foreclosure Activity Highest on Record

Worst foreclosure rates found in 4 states

America's Most Foreclosure-Ridden Towns

February's Top 10 Foreclosure States

2 Florida banks temporarily halting foreclosures

Median home prices fell nationwide in 4Q

America's Post-Subprime Boomtowns

Foreclosure activity drops to June levels

US foreclosures soar by 71%

Arizona Foreclosure: How Bankruptcy Can Help You

Foreclosures: Pick a State, Any State - Housing Tracker

This is Not the Time for Investors to Be Catching Falling Knives

Blue Jackets Coyotes Hockey

Western Weather

Alamo Bowl Football