1 Articles match "Land","New Jersey","Real Estate"
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The Latest from RealtyTrac
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Now Homebuilders Face Foreclosure
in New Jersey, and Neumann Homes Inc. Sales of new homes have suffered the biggest decline since records began in 1963. New-home sales plunged 26.4 Homebuilders, meanwhile, have been frantically selling off properties at huge discounts, laying off employees and selling undeveloped land to raise capital and remain liquid. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
|
MORE
|
-
Now Homebuilders Face Foreclosure
in New Jersey, and Neumann Homes Inc. Sales of new homes have suffered the biggest decline since records began in 1963. New-home sales plunged 26.4 Homebuilders, meanwhile, have been frantically selling off properties at huge discounts, laying off employees and selling undeveloped land to raise capital and remain liquid. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
