2 Articles match "Article","Colorado","Seller"

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Foreclosures up 13 percent in February
Indiana and Colorado werent too far behind, with one new foreclosure for every 427 households in Indiana, and one new foreclosure for every 443 households in Colorado. We dont see these numbers as overly alarming, but there are certainly signs the housing market (especially from the perspective of homeowners and sellers) is not as strong as it was a year ago. Basically, San Diego in RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S. foreclosures increasing for the third month in a row.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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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
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Foreclosures up 13 percent in February
    Indiana and Colorado werent too far behind, with one new foreclosure for every 427 households in Indiana, and one new foreclosure for every 443 households in Colorado. We dont see these numbers as overly alarming, but there are certainly signs the housing market (especially from the perspective of homeowners and sellers) is not as strong as it was a year ago. Basically, San Diego in RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S. foreclosures increasing for the third month in a row.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE