KCRA 3 News Report on the rising number of Foreclosures. Alexis McGee interviewed.
Foreclosed tagged posts
Today we drove through a residential neighborhood in the Phoenix West Valley of Arizona. We noticed even more for sale signs sprouting up. There is no positive from what we can tell. Seems that the housing crisis is still full speed ahead. Real Estate crisis does not look to be recovering as we are noticing even more homes being abandoned or being placed on the market in hopes of a miracle. January 31, 2011 When you support your local retailer, You are supporting your local economy. Before you decide to pump your money into corporate giants, Please consider that your local corner mom & pop stores are working hard to make ends meet. They are your neighbors and would like to feed their family as well....
Many owners vacating foreclosed homes are selling off all the fixtures before they leave, further depressing home values, even their neighbors’, reports Kelly Cobiella.
Rather Unfortunate, but it seems the Foreclosure Firestorm will only increase and compound itself throughout the summer. The Alt-A loans will be resetting also, so a large bulk of soon to be former homeowners will find themselves in Negative Equity in relationship to Loan to Value. An estimated 2.4 million homeowners will lose their homes, multiplied by spouse and kids, truly an exodus that would put the Israelites to shame in number.