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Monday, February 15, 2010

How to Evaluate Your Options When You Are in Danger of Losing Your Home to Foreclosure



You have a problem. You have a house and you cannot afford to make the payments. You are not alone. Unfortunately, there are millions of people in your situation. The good news is that you have many options to help you avoid foreclosure. The solution will depend on your particular situation.
  1. If you are just having a temporary cash flow problem, there are a couple of options that will help you.

    Look into getting a forbearance plan. Forbearance is when your bank allows you to temporarily suspend or reduce your monthly payment. You will have to make a repayment plan so that you can pay your regular monthly payment and part of the past due payments until you are caught up. You can also pay the full amount you owe (the arrearage) with a recent hiring bonus, insurance settlement or tax refund. Other ways to raise money to pay the arrearage is to sell stock, sell an investment property or sell an extra car you don't need. Get creative.

    Renegotiate you loan with you current lender or mortgage modification. You can renegotiate your loan if you have a high interest rate or you have a rate that is about to reset. You can reduce your interest rate; change an (ARM) Adjustable Rate Mortgage into a fixed rate. You can also extend the amount of years you have to repay the mortgage. For example you can change a 30-year mortgage into a 40-year mortgage.

    If you have mortgage insurance you can apply for a Claim Advance. How do you know if you have mortgage insurance? Most FHA loans have mortgage insurance. You can also check your loan documents to see if you have it. A claim advance is a loan from the mortgage insurance to bring your mortgage up to date. Please note that you will have to qualify.

    Some loans can be refinanced. You can refinance your current loan to get a better interest rate and terms. What is the difference between a refinance and a renegotiation? You pay fewer fees with a renegotiation
Click here to continue reading this article ... How to Evaluate Your Options When You Are in Danger of Losing Your Home to Foreclosure | eHow.com

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How to Get a Free Market Price Analysis for Your House



Sometimes you just need to know the value of your home. As you may already know, the value of your home changes with time. Most of the time the value increases. Sometimes unfortunately it decreases. If you are considering selling or refinancing your property you will need to find out the value in today's market. Getting a market analysis of your home's value is easy. Most real estate agents are happy to provide you with a written report at no cost to you. They provide this free service with the hope that when you are ready to sell your property you will consider using their services.
  1. The first step is to identify a real estate agent is familiar with your neighborhood. You can find them online or in the Yellow Pages. You can also find them in your mailbox. Many agents send out newsletters to the neighborhoods that are closest to them.
  Click here to continue reading this article ... How to Get a Free Market Price Analysis for Your House - written by a Real Estate Agent | eHow.com

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Thursday, January 28, 2010

Top Foreclosure Cities in 2009



Realtytrac has come out with it's list of top foreclosure cities in the United States.  This list is scary.  It seems that foreclosure rates are rising as more people lose their jobs. 


2009 U.S.  Metro Foreclosure Market Data
                                                                                                                                                               
  Properties with Foreclosure Filings 
Rate RankMetro NameTotal          %Housing Units1/every X HU%Change from 2008%Change from 2007
--
U.S. Total
2,824,674
2.21
45
21.21
119.67
1
Las Vegas-Paradise, NV
94,862
12.04
8
41.12
212.19
2
Cape Coral-Fort Myers, FL
42,734
11.87
8
4.13
234.12
3
Merced, CA
8,389
10.10
10
1.18
124.85
4
Riverside-San Bernardino-Ontario,    CA
126,376
8.80
11
12.55
143.90
5
Stockton, CA
19,540
8.62
12
-7.51
84.22
6
Modesto, CA
14,812
8.53
12
-0.48
101.09
7
Orlando-Kissimmee, FL
72,141
8.17
12
54.01
357.86
8
Phoenix-Mesa-Scottsdale, AZ
133,809
8.03
12
36.98
343.12
9
Port St. Lucie, FL
15,630
7.58
13
21.52
217.55
10
Miami-Fort Lauderdale-Pompano      Beach, FL
172,894
7.16
14
43.50
198.28
11
Vallejo-Fairfield, CA
10,702
7.14
14
10.08
105.93
12
Bakersfield, CA
19,174
7.13
14
18.30
154.74
13
Naples-Marco Island, FL
12,251
6.38
16
31.15
339.58
14
Reno-Sparks, NV
11,037
6.15
16
62.24
311.06
15
Sacramento--Arden-Arcade--Roseville, CA
47,810
5.64
18
13.96
92.36
16
Deltona-Daytona Beach-Ormond      Beach, FL
13,125
5.32
19
49.25
215.05
17
Sarasota-Bradenton-Venice, FL
20,507
5.26
19
18.84
201.53
18
Lakeland, FL
14,405
5.19
19
40.52
177.98
19
Fresno, CA
14,974
4.92
20
19.12
141.28
20
Salinas, CA
6,729
4.83
21
4.81
166.28
21
Palm Bay-Melbourne-Titusville, FL
12,685
4.78
21
23.47
147.80
22
Tampa-St. Petersburg-Clearwater,    FL
62,719
4.77
21
16.95
161.71
23
Visalia-Porterville, CA
6,350
4.69
21
42.92
189.03
24
Boise City-Nampa, ID
11,009
4.66
21
103.34*
398.82*
25
Ocala, FL
7,295
4.58
22
39.67
275.84
26
Jacksonville, FL
26,537
4.53
22
55.87
178.11
27
Prescott, AZ
4,561
4.36
23
70.95
400.11
28
San Diego-Carlsbad-San Marcos, CA
49,125
4.34
23
9.33
142.96
29
Greeley, CO
3,934
4.25
24
6.53
43.16
30
Provo-Orem, UT
5,818
4.11
24
100.76
579.67
31
Oxnard-Thousand Oaks-Ventura, CA
11,155
4.09
24
32.45
157.32
32
Los Angeles-Long Beach-Santa Ana,    CA
175,810
3.99
25
37.06
203.37
33
Fayetteville-Springdale-Rogers,    AR-MO
6,912
3.77
27
31.66
336.64
34
Atlanta-Sandy Springs-Marietta, GA
78,835
3.73
27
17.65
57.10
35
Detroit-Warren-Livonia, MI
69,171
3.64
27
0.36
10.18
36
Santa Rosa-Petaluma, CA
6,859
3.47
29
30.30
171.54
37
San Francisco-Oakland-Fremont, CA
54,083
3.20
31
17.66
137.08
38
Chicago-Naperville-Joliet, IL-IN-WI
119,662
3.19
31
33.39
108.87
39
San Jose-Sunnyvale-Santa Clara, CA
19,920
3.15
32
27.42
217.86
40
Flint, MI
5,963
3.02
33
1.71
10.77
41
Tucson, AZ
12,798
3.01
33
41.52
201.27
42
Santa Barbara-Santa Maria-Goleta, CA
4,432
2.93
34
33.70
150.82
43
Salt Lake City, UT
11,413
2.91
34
72.19
208.96
44
Pensacola-Ferry Pass-Brent, FL
5,616
2.85
35
34.00
130.83
45
Memphis, TN-MS-AR
15,334
2.80
36
-11.08††
35.92††
46
Denver-Aurora, CO
28,962
2.78
36
-12.02
9.04
47
Santa Cruz-Watsonville, CA
2,781
2.70
37
30.26
205.60
48
Washington-Arlington-Alexandria,    DC-VA-MD-WV
56,347
2.64
38
1.70
158.51
49
San Luis Obispo-Paso Robles, CA
2,976
2.57
39
63.07
235.89
50
Colorado Springs, CO
6,485
2.54
39
11.12
68.62
51
Lansing-East Lansing, MI
4,981
2.54
39
19.22
38.86
52
Ogden-Clearfield, UT
4,484
2.53
39
76.67
124.76
53
Rockford, IL
3,623
2.52
40
16.23
60.38
54
Chico, CA
2,380
2.51
40
50.35
167.72
55
Indianapolis-Carmel, IN
18,408
2.47
41
-9.39
26.16
56
Grand Rapids-Wyoming, MI
7,829
2.46
41
12.24
60.43
57
Toledo, OH
7,359
2.46
41
-7.52
27.85
58
Atlantic City, NJ
3,063
2.42
41
34.05
136.89
59
Cleveland-Elyria-Mentor, OH
22,430
2.38
42
-19.00
-19.31
60
Columbus, OH
17,672
2.29
44
-9.32
28.18
61
Portland-Vancouver-Beaverton, OR-WA
20,017
2.26
44
87.35
287.40
62
Minneapolis-St. Paul-Bloomington,    MN-WI
29,115
2.20
45
57.80
169.66
63
Canton-Massillon, OH
3,899
2.20
46
-13.05
-4.53
64
Charleston-North Charleston,    SC
6,198
2.20
46
77.04*
645.85*
65
Holland-Grand Haven, MI
2,136
2.13
47
43.84
119.53
66
Salem, OR
3,110
2.13
47
93.17
198.75
67
Dayton, OH
7,914
2.08
48
-14.27
1.28
68
Gainesville, FL
2,387
2.08
48
81.38
188.29
69
Macon, GA
2,056
2.00
50
11.32
52.41
70
Fort Collins-Loveland, CO
2,543
2.00
50
19.67
49.24
71
Milwaukee-Waukesha-West    Allis, WI
12,578
1.92
52
23.54
92.50
72
Savannah, GA
2,698
1.87
53
37.86
161.43
73
Akron, OH
5,710
1.85
54
-30.86
-19.18
74
Ann Arbor, MI
2,661
1.81
55
-4.49
58.77
75
Trenton-Ewing, NJ
2,539
1.81
55
4.66
81.36
76
Cincinnati-Middletown, OH-KY-IN
16,358
1.80
56
-2.23
24.77
77
Green Bay, WI
2,391
1.78
56
126.64*
519.43*
78
Saginaw-Saginaw Township North, MI
1,555
1.75
57
-18.80
17.27
79
Kansas City, MO-KS
15,067
1.75
57
10.86†
49.59†
80
Youngstown-Warren-Boardman, OH-PA
4,568
1.74
57
-8.69
28.93
81
Worcester, MA
5,491
1.74
58
-13.45
78.63
82
Tallahassee, FL
2,737
1.72
58
50.80
134.13
83
Kalamazoo-Portage, MI
2,483
1.72
58
5.48
100.08
84
Greenville-Mauldin-Easley, SC
4,585
1.71
59
47.90
1,656.70*
85
Birmingham-Hoover, AL
8,174
1.64
61
267.21*
245.92*
86
Seattle-Tacoma-Bellevue, WA
22,772
1.62
62
43.15
180.20
87
New Haven-Milford, CT
5,633
1.61
62
-10.79
48.59
88
Little Rock-North Little Rock-Conway, AR
4,748
1.61
62
9.50
77.50
89
Myrtle Beach-Conway-North Myrtle Beach, SC
2,707
1.61
62
279.66*
2,137.19*
90
St. Louis, MO-IL
19,465
1.58
63
-10.07†
26.08†
91
Chattanooga, TN-GA
3,497
1.53
65
7.07††
152.31††
92
Bridgeport-Stamford-Norwalk, CT
5,361
1.53
65
-8.73
119.71
93
Charlotte-Gastonia-Concord, NC-SC
10,732
1.51
66
9.49
13.40
94
Dallas-Fort    Worth-Arlington,    TX
35,520
1.50
67
2.86
-4.58
95
Brownsville-Harlingen, TX
2,151
1.50
67
29.27
131.04
96
Tulsa, OK
5,843
1.47
68
22.32
65.29
97
Nashville-Davidson--Murfreesboro--Franklin, TN
9,253
1.45
69
-1.92††
75.48††
98
Virginia Beach-Norfolk-Newport News, VA-NC
9,794
1.44
70
49.85†
363.73†
99
Columbia, SC
4,461
1.44
70
64.98
362.76
100
Eugene-Springfield, OR
2,143
1.43
70
78.88
179.40
101
South Bend-Mishawaka, IN-MI
1,997
1.43
70
-7.25
7.31
102
Mobile, AL
2,536
1.42
70
44.83*
16.92*
103
Richmond, VA
7,177
1.41
71
39.12
682.66
104
Albuquerque, NM
4,970
1.41
71
84.90*
124.38*
105
York-Hanover, PA
2,448
1.41
71
50.09
603.45
106
Manchester-Nashua, NH
2,270
1.40
71
1.79
301.06
107
Fort Wayne, IN
2,486
1.40
72
-24.37
-6.51
108
Baltimore-Towson, MD
15,064
1.36
73
27.92
88.72
109
San Antonio, TX
9,934
1.31
76
23.66
29.91
110
Boston-Cambridge-Quincy, MA-NH
23,828
1.31
76
-19.43
126.27
111
Houston-Sugar Land-Baytown, TX
28,338
1.30
77
-11.39
13.71
112
New Orleans-Metairie-Kenner, LA
5,741
1.30
77
31.28
147.88
113
Philadelphia-Camden-Wilmington,    PA-NJ-DE-MD
31,020
1.30
77
14.75
101.14
114
Olympia, WA
1,300
1.29
77
16.49
111.73
115
Boulder, CO
1,596
1.29
77
27.88
42.63
116
Reading, PA
2,065
1.29
78
31.36
199.28
117
Austin-Round Rock, TX
8,002
1.25
80
39.48
54.60
118
Hagerstown-Martinsburg, MD-WV
1,394
1.23
81
56.28
155.78
119
Augusta-Richmond County, GA-SC
2,778
1.23
81
12.52
42.17
120
Anchorage, AK
1,710
1.22
82
15.54
71.00
121
Providence-New Bedford-Fall River, RI-MA
8,236
1.22
82
-17.24
144.32
122
Springfield, MA
3,439
1.21
82
-20.60
74.57
123
Greensboro-High Point, NC
3,782
1.21
83
-3.89
22.39
124
Bremerton-Silverdale, WA
1,221
1.21
83
19.35
89.01
125
Springfield, MO
2,218
1.21
83
14.15†
98.21†
126
Killeen-Temple-Fort Hood, TX
1,748
1.20
83
33.23
146.20
127
Montgomery, AL
1,866
1.19
84
112.77*
318.39*
128
Honolulu, HI
3,985
1.19
84
141.96
672.29
129
Louisville/Jefferson County, KY-IN
6,302
1.15
87
47.07
97.12
130
Winston-Salem, NC
2,375
1.15
87
-2.98
23.50
131
New York-Northern New Jersey-Long Island, NY-NJ-PA
84,054
1.14
88
7.19
68.09
132
Knoxville, TN
3,517
1.14
88
-0.71††
94.52††
133
Norwich-New London, CT
1,326
1.14
88
-12.24
55.63
134
Madison, WI
2,790
1.13
88
118.14*
209.31*
135
Barnstable Town, MA
1,749
1.12
89
-16.67
130.43
136
Des Moines-West Des Moines,    IA
2,643
1.12
89
28.99
74.46
137
Hartford-West Hartford-East Hartford,    CT
5,502
1.12
89
-12.74
48.78
138
Allentown-Bethlehem-Easton, PA-NJ
3,628
1.09
92
52.50*
255.69*
139
Columbus, GA-AL
1,394
1.09
92
19.35
84.15
140
Appleton, WI
973
1.08
93
82.55*
62.71*
141
Jackson, MS
2,347
1.07
94
198.98*
240.64*
142
Davenport-Moline-Rock Island, IA-IL
1,742
1.06
95
37.06
97.95
143
Fort Smith, AR-OK
1,296
1.05
95
24.02
120.78
144
Raleigh-Cary, NC
4,300
1.01
99
-3.24
11.28
145
Roanoke, VA
1,359
0.97
103
351.50*
1,537.35*
146
Poughkeepsie-Newburgh-Middletown, NY
2,394
0.97
103
-15.29
263.28
147
Clarksville, TN-KY
1,048
0.96
104
-0.66††
70.41††
148
McAllen-Edinburg-Mission, TX
2,379
0.96
104
20.03
674.92
149
Amarillo, TX
907
0.92
108
6.83
29.02
150
Waco, TX
817
0.89
112
2.25
54.15
151
Huntsville, AL
1,469
0.88
114
78.06*
1,832.89*
152
Oklahoma City, OK
4,582
0.88
114
-7.94
13.25
153
Laredo, TX
608
0.88
114
48.29
221.69
154
Wichita, KS
2,196
0.85
118
29.33
231.72
155
Topeka, KS
860
0.83
120
63.81
246.77
156
Pittsburgh, PA
9,220
0.83
120
-7.92
129.13
157
Baton Rouge, LA
2,650
0.83
121
139.39*
223.17*
158
Corpus Christi, TX
1,383
0.79
127
8.05
54.01
159
Springfield, IL
745
0.77
129
-17.86
-3.87
160
El Paso, TX
1,905
0.75
133
35.30
51.79
161
Sioux Falls, SD
671
0.73
136
101.50*
11,083.33*
162
Lancaster, PA
1,410
0.73
137
21.34
308.70*
163
Shreveport-Bossier City, LA
1,227
0.71
140
101.81
361.28
164
Yakima, WA
583
0.70
142
24.57
4.86
165
Peoria, IL
1,128
0.69
144
-25.00
4.06
166
Rochester, NY
2,602
0.59
170
-31.97
-23.65
167
Cedar Rapids, IA
631
0.57
176
-4.97
24.21
168
Champaign-Urbana, IL
542
0.56
180
26.05
45.31
169
Erie, PA
646
0.55
183
15.56
80.45
170
Lafayette, LA
604
0.55
183
112.68*
268.29*
171
Durham, NC
1,160
0.54
184
-44.39
-27.55
172
Harrisburg-Carlisle, PA
1,253
0.54
184
52.06*
99.21*
173
Duluth, MN-WI
733
0.54
187
-10.17
42.61
174
Buffalo-Niagara Falls, NY
2,780
0.53
187
-27.64
25.51
175
Portland-South Portland-Biddeford, ME
1,334
0.52
191
-1.98
532.23
176
Omaha-Council Bluffs, NE-IA
1,827
0.52
192
-30.08
-39.44
177
Spartanburg, SC
618
0.51
195
-41.31
69.78
178
Binghamton, NY
566
0.51
195
20.17
319.26
179
Evansville, IN-KY
811
0.51
197
-32.98
4.11
180
Gulfport-Biloxi, MS
539
0.50
199
783.61*
3,070.59*
181
Spokane, WA
979
0.50
199
-14.57
-2.97
182
Scranton--Wilkes-Barre, PA
1,276
0.49
202
-21.23
85.74
183
Lexington-Fayette, KY
889
0.44
228
-10.02
91.59
184
Wilmington, NC
800
0.41
245
-32.09
19.94
185
Beaumont-Port Arthur, TX
649
0.40
248
-19.48
-33.64
186
Longview, TX
335
0.40
253
90.34
1,016.67
187
Kingsport-Bristol-Bristol, TN-VA
537
0.37
271
9.82††
208.62††
188
Huntington-Ashland, WV-KY-OH
484
0.37
273
56.13
146.94
189
Hickory-Lenoir-Morganton, NC
527
0.34
298
-43.88
-40.99
190
Albany-Schenectady-Troy, NY
1,220
0.32
311
-49.50
26.29
191
Lubbock, TX
378
0.32
312
-7.35
800.00
192
Lynchburg, VA
325
0.30
332
269.32*
884.85*
193
Houma-Bayou Cane-Thibodaux, LA
225
0.28
363
378.72*
650.00*
194
Kennewick-Richland-Pasco, WA
230
0.27
372
-61.67
-64.72
195
Asheville, NC
455
0.23
439
-39.66
-33.19
196
Tuscaloosa, AL
212
0.22
448
130.43*
631.03*
197
College Station-Bryan, TX
167
0.19
519
7.05
-10.22
198
Fayetteville, NC
289
0.19
522
-76.47
-79.87
199
Syracuse, NY
526
0.18
543
-48.83
44.11
200
Charleston, WV
226
0.16
643
43.04
58.04
201
Lincoln, NE
140
0.11
880
-80.11
-80.23
202
Utica-Rome, NY
70
0.05
1,943
-51.39
0.00
203
Burlington-South Burlington,    VT
45
0.05
1,972
9.76
246.15
*Actual increase may not be as high  due to data collection changes or improvements
  **Collection of records classified as  NOD began in August 2009 because of change in state law
  † Collection of some records previously  classified as NOD in this MSA was discontinued starting in January 2009
†† Collection of some records previously  classified as NOD in this MSA was discontinued starting in September 2008

About RealtyTrac Inc.
RealtyTrac (www.realtytrac.com)  is the leading online marketplace of foreclosure properties, with more than 1.5  million default, auction and bank-owned listings from over 2,200 U.S.  counties, along with detailed property, loan and home sales data. Hosting more  than 3 million unique monthly visitors, RealtyTrac provides innovative  technology solutions and practical education resources to facilitate buying,  selling and investing in real estate. RealtyTrac’s foreclosure data has also been  used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and  Banking Committee, U.S. Treasury Department, and numerous state housing and  banking departments to help evaluate foreclosure trends and address policy  issues related to foreclosures.
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