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Bank Owned Properties says 600,000 properties in the U.S. are reported to begin the foreclosure process
NEW YORK, N.Y. /eNewsChannels/ -- According to Bank Owned Properties, some 600,000 properties in the U.S. are reported to begin the foreclosure process as the foreclosure industry begins to function more normally.
Bank Owned Properties reports that Foreclosure Follows Unemployment in Alabama and Georgia in the First Half of 2011
NEW YORK, N.Y. /eNewsChannels/ -- Bank Owned Properties reports that Alabama and Georgia showed a drop in bank foreclosures in March of 2011 but then spiked upwards in April and continues to grow in both states. Behind this activity is the cumulative effect of foreclosure processing delays which masked the reality of the foreclosure effect.
NEW YORK, N.Y. /eNewsChannels/ -- In some of the top cities in United States the underlying unemployment problem shows the impact on homeowners that face foreclosures, despite government programs to help hundreds of thousands nationwide keep their homes. According to BankOwnedProperties, the foreclosure listings showed both drops and rises in the states of N.J. and N.Y.