Your English writing platform
Discover LudwigExact(9)
Texas is performing much better, only one in 781 homes has had a foreclosure filing.
He sends out letters — 1,700 in a recent week — to Floridians who have had a foreclosure suit filed against them by a lender.
They were easy to find in a report on household debt by the New York Federal Reserve, which found that 264,000 people had a foreclosure noted in their credit report in the third quarter.
Here are some other troubling statistics from the Fed: a half-million people had a foreclosure added to their credit reports between March 31 and June 30, an increase of 8.7 percent over the first quarter of the year.
"In almost 24 years, we had never had a foreclosure, not one, out of the 106 home buyers who bought homes through us," said Mr. Morrissy, whose group has long focused on the stabilization of urban neighborhoods in the Greater Newark area.
While Citibank, Wells Fargo and Bank of America are sagging with foreclosed properties they can't unload in a stagnant market, Community Mutual Savings Bank, which has its headquarters here and has only five branches in the county, has not had a foreclosure in three years.
Similar(51)
"Every single one, practically, has a foreclosure in it," Amy told me.
Buying distressed properties -- those that are in foreclosure or have a foreclosure pending -- is one of the few opportunities to snag a bargain in this overheated real estate market.
"If the house doesn't have a foreclosure price on it, even if the owners aren't in foreclosure, buyers aren't even looking," said Kathy Buterakos, a real estate agent in Grand Blanc, Mich.
One in 71 homes in Cape Coral's Lee County has a foreclosure filing, and nearly half the mortgages on recently purchased houses in the area are under water.Now repo companies are the ones doing the booming.
Riverside, Calif., has a foreclosure rate of 3.8%, and Detroit has a foreclosure rate of 4.9%.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com