Bernanke Stresses Need for More Action to Help Homeowners Avoid Foreclosures
Friday, March 28, 2008 18:54
Federal Reserve Chairman Ben Bernanke announced Tuesday the need for federal and state authorities to start taking meaningful steps to help homeowners avoid foreclosures, as the foreclosure rate index continues to rise across the nation.
Texans See Rise in Texas Foreclosures and a Rise in Interest at Foreclosure Auctions
With Texas foreclosures rising to near record highs in many parts of the state, foreclosure auctions in the area have become a big draw for homebuyers and real estate investors. Looking to capitalize on the chance to buy Texas foreclosure homes for discount prices, many buyers are attending auctions, buying bank foreclosures and trying to invest in these lucrative chances for real estate profits.
Michigan Experiences Drop in Real Estate Foreclosures During January
While much of the nation is geared up for 2008 to be the worst year on record for real estate foreclosures, Michigan, traditionally near the top of the list for state’s with the worst foreclosure rate, experienced a substantial drop in property foreclosures during the first month of the year.
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Washington D.C. Foreclosure Rate Spikes in First Month of 2008
Washington D.C. continues to feel the strong impact of the nationwide housing situation, as new studies report that the area saw a staggering 90% increase in foreclosure in January of 2008 from one month earlier.
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Florida Foreclosure Task Force Founded
Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state.