Category Archives: Housing Market

Winston-Salem Area Foreclosure Filings Increased in January 2011

ShareWe still have an over supply of bank-owned REO properties for sale on the local Triad housing market, and it looks like more are on the way.  The Winston-Salem Metropolitan Statistical Area (MSA) had 345 foreclosure filings in January, 2011. … Continue reading

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Mortgage Mess Could Lead to Foreclosure Probe and Moratorium

ShareThe mortgage mess keeps spreading across the nation like composted manure in a fertilizer spreader.  Now officials in 49 states are supporting a probe into the foreclosure proceedings of many of the nation’s largest banks and requesting a foreclosure moratorium.  Most of … Continue reading

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Bank of America Halts Foreclosure Sales

ShareThe AP has reported that Bank of America will halt foreclosure sales in all 50 states due to bank employees signing foreclosure documents without verifying information.  Last week they announced they would stop foreclosure REO sales in 23 states, but … Continue reading

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Foreclosures are Up from 2009

ShareUNCG’s Bryan School of Business and Economics and accounting firm Dixon Hughes reports in their Triad Business Index that foreclosures are up 5.7% from last year.  In July, 2010 there were 880 reported foreclosures.  The current overall inventory of homes … Continue reading

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Mortgage Defaults Holding Down Home Prices

Foreclosures for sale Continue reading

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Foreclosure Trend Slowing

ShareThe Associated Press reported yesterday that the foreclosure trend is slowing. They claim the end of the crisis is in sight.  That may be the case, but it will most likely be a slow, steady process.  The report is basing … Continue reading

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