19 Articles match "2008","California","Colorado"

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• FHA Program Linked to High Colorado Foreclosure Rate
  
  An illuminating article in the Denver Post connects the dots between Colorado’s high foreclosure rate and an FHA program gone awry: “Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures. Nearly 6,000 FHA loans have wound up in foreclosure in Colorado in the past two years, and during that time the program allowed more than 25 percent of FHA buyers to use gifts as down payments.” The article recounts several stories of homeowners who paid just a few hundred dollars to buy their home, using a loophole
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Activity Up 7 Percent in March
  
  Colorados foreclosure rate ranked second highest, followed by Californias foreclosure rate, which leapfrogged into third place thanks to a 36 percent jump in foreclosure activity. California also documented the most foreclosure filings of any state, 31,434, and California cities accounted for six out of the top 10 metro foreclosure rates. With 149,150 foreclosure filings reported nationwide in March, U.S. foreclosure activity was up 7 percent from the previous month and 47 percent from a year ago, according to RealtyTracs foreclosure market report that was released
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Exceed 100K for Fifth Month
  
  Colorado, Nevada and Georgia posted the nation’s three highest state foreclosure rates despite decreasing foreclosure activity in all three states. Colorado’s foreclosure rate of one new foreclosure filing for every 376 households was nearly three times the national average. Texas foreclosure activity increased 4 percent, helping the state reclaim the top spot from California in terms of total foreclosures. U.S. foreclosure activity dropped 9 percent in December, backing down from a November foreclosure total that was the year’s highest.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Take a Spring Break
  
  Colorado came in second with one foreclosure filing for every 314 households. California reported 30,505 foreclosure filings during the month, the most of any state and up more than 200 percent from April 2006. Californias foreclosure rate of one foreclosure filing for every 400 households was the fourth highest state foreclosure rate, and six of the 10 cities with the highest metro foreclosure rates were located in California. Foreclosure activity dipped 1 percent in April after hitting a two-year high in March, but foreclosure filings were still up 62 percent from April 2006, according to the RealtyTrac U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Activity Backs Off 30-Month High
  
  California switched spots with Colorado to claim the nations second highest foreclosure rate — one foreclosure filing for every 315 households. California also reported the highest number of foreclosure filings among all the states, with 38,801. Six of the cities with the 10 highest foreclosure rates were located in California: Stockton at No. Foreclosure activity decreased 7 percent in June, backing down from a 30-month high reached in the previous month, according to the RealtyTrac U.S. Foreclosure Market Report issued today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Up Across the Board in November
  
  With one new foreclosure filing for every 346 households Nevada moved past Colorado to claim the top state foreclosure rate. California reported more than 19,000 new foreclosure filings, the most of any state for the second month in a row. Foreclosures hit their highest level of the year so far in November, with 120,334 new foreclosure filings reported nationwide during the month, according to the RealtyTrac U.S. Foreclosure Market Report released last week.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Crisis Sparks Surge in Arson
  
  In Colorado , a homeowner was convicted for setting his home on fire to prevent the lender from repossessing the property. “We’ve Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according to insurance officials. In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Two Counts Show Foreclosure Activity Rising
  
  Both counts showed the same six states — Nevada, Colorado, California, Michigan, Florida and Ohio — with the highest per household foreclosure activity. And the same five states — California, Florida, Texas, Ohio and Michigan — documented both the highest number of foreclosure filings and the highest number of unique properties in some stage of foreclosure. View full report. Posted 07-30-2007 9:32 AM by darenb Filed under: Foreclosure Trend More than 925,000 foreclosure filings were reported on more than 573,000 properties in the first half of 2007, according to the RealtyTrac Midyear 2007 U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• US Foreclosures a Mixed Blessing in Q2
  
  With the highest foreclosure rates in the nation, Colorado, Georgia and Texas continue to be the most likely places to begin searching for potential foreclosure properties. Meanwhile, the number of properties entering some stage of foreclosure in California and Florida continued to decline during the quarter (7 percent and 13 percent respectively). Posted 07-27-2006 3:30 PM by joelc Filed under: Foreclosure Trends , Real Estate Trend As the most recently collected data reported today in RealtyTracs Q2 2006 U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Don't Back Down in September
  
  Colorado, Nevada and Michigan posted the highest state foreclosure rates, and California reported the most foreclosure activity of any state in terms of sheer numbers. Foreclosure activity in September didn’t back down much from the jump reported in the previous month, RealtyTrac reported today. RealtyTrac’s monthly foreclosure report shows 112,210 properties entering some stage of foreclosure during September, a decrease of less than 1 percent from August but an increase of more than 63 percent from September 2005.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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