Foreclosures Are On The Rise In Maryland, Virginia and DC
The number of Washington-area homes in foreclosure in September surged 53 percent from a year ago, bucking a nationwide trend, according to analysis from RealtyTrac.
Maryland was one of 16 states that noted a jump in overall foreclosure activity compared to a year ago. The Old Line State reported a 230 percent increase in foreclosures, and was led by a 381 percent increase in foreclosures in the Baltimore area.
Virginia posted a 36 percent quarterly increase in the number of bank repossessions from a year ago, the fourth-highest jump by state in the nation. More
I have tried at various sites etc to find out how to purchase a house that has been taken over by the bank. Out of the 15 I have looked at for people wanting to move into this area nothing can be found. Foreclosure is horrible but if someone can get a house wouldn't that take the burden off the former owners and financial institution? Maybe I am just to simple to be a grown up
Yes, 550, you and I are too simple. The houses taken from their rightful owners who believed they would always be able to work 40 hour jobs at or more than the wage they were making when they signed up for the loan have been stolen back by the banks who have probably made back most, if not all the money they lent, but now want more. They still hold that the houses are at a "Market" value, even when they know the previous owner could never sell at a price that could pay off the loan!
I call it robbery, but real estate folks call it "Marketing". It's theft of property in anybody's book. Section 8 housing is the only construction boom going on, and theft of homeowner properties is rampant. We are all being herded into section 8 rental mentality, and anyone buying these days is a fool. Obamacare has an IRS fine that will attach your home if you fail to pay their "fine", which increases yearly. Go ahead and try to be a "Homeowner" these days! You are setting yourself up for yet another theft!
Your Democratic Government at it's best. They would screw up a one vehicle Muslim funeral.
ReplyDeleteI have tried at various sites etc to find out how to purchase a house that has been taken over by the bank. Out of the 15 I have looked at for people wanting to move into this area nothing can be found. Foreclosure is horrible but if someone can get a house wouldn't that take the burden off the former owners and financial institution?
ReplyDeleteMaybe I am just to simple to be a grown up
The numbers are always being skewed to protect democrats from looking bad.
ReplyDeleteYes, 550, you and I are too simple. The houses taken from their rightful owners who believed they would always be able to work 40 hour jobs at or more than the wage they were making when they signed up for the loan have been stolen back by the banks who have probably made back most, if not all the money they lent, but now want more. They still hold that the houses are at a "Market" value, even when they know the previous owner could never sell at a price that could pay off the loan!
ReplyDeleteI call it robbery, but real estate folks call it "Marketing". It's theft of property in anybody's book. Section 8 housing is the only construction boom going on, and theft of homeowner properties is rampant. We are all being herded into section 8 rental mentality, and anyone buying these days is a fool. Obamacare has an IRS fine that will attach your home if you fail to pay their "fine", which increases yearly. Go ahead and try to be a "Homeowner" these days! You are setting yourself up for yet another theft!
5:50-You best bet is to contact a realtor and ask for a list of foreclosed properties.
ReplyDelete