Living After Foreclosure

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Entries Tagged as 'Houses'

What is foreclosure stuffing?

December 23rd, 2012 · No Comments

Ran across a new term at the Zero Hedge blog called foreclosure stuffing. Foreclosure stuffing is a term that describes lenders’ efforts to slow the foreclosure process as long as possible in order to keep the prices of the existing foreclosed homes on the market from falling too rapidly.  It’s an effort to control the […]

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Modern-day ghost towns

August 22nd, 2008 · No Comments

Some new developments in California are mostly, or just about entirely, vacant. The housing industry had been stepping on the accelerator for a few years at the beginning of the decade.  As big as it is, it gained momentum over those years.  But now that it’s been barreling along so fast for so long, it […]

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Vacant home burglaries result in costly repairs

July 23rd, 2008 · No Comments

Fifteen to twenty thousand dollars in repairs because thieves stole $40 worth of copper? Ouch. That was a bit more than I would have guessed. Maybe a couple thousand at the most to repair a wall or some floors? Not $20,000! Very costly repairs like this will drag down housing prices further. The extent to […]

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Luxury homes see a big jump in foreclosures

July 4th, 2008 · No Comments

This is just for the Dallas-Fort Worth area but the number of foreclosures filed against $1-million-plus homes more than doubled this past year. One hundred twelve percent higher for the first six months of this year compared to last year, to be exact. As for slightly less-expensive homes, the increases in foreclosure filings were still […]

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“And on your right we have this beautiful three-bedroom…”

May 8th, 2008 · No Comments

Banks are hurting as foreclosures turn into non-performing and expensive real estate owned. Homeowners are hurting because they’re losing equity, or losing their homes and their credit rating. Neighbors are hurting because their property values are getting dinged, even though they’re paying their mortgage on time. Cities are hurting because vacant homes don’t usually attract […]

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Stripped for copper

April 2nd, 2008 · No Comments

Abandoned houses attract a lot of things: partying teenagers, mice, rocks through the windows, the elements. Now, with the houses rotting away in varying states in the foreclosure process, these houses are now attracting black-market commodities dealers.  The houses are broken into and stripped of their copper pipes and wires.  Copper has quintupled in price […]

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