Rhode Island Sees Foreclosure Rate Triple Within Year

Posted by admin | Real Estate | Tuesday 20 May 2008 12:19 am


With just over 1,050 homes in some stage of the foreclosure process during the first three months of the year, Rhode Island s relatively small market is flooded with foreclosure properties. Many blame the fact that homeowners who get into trouble with defaults now cannot sell or refinance their homes for anything close to what they originally paid for it due to sinking property values. home values have been falling steadily each month for over a year now, and are expected to continue to do so well into 2008, which will only make it harder for homeowners and contribute to rising foreclosures.

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Hawaii Foreclosures Rising, Officials Searching for Solutions
While Hawaii foreclosures haven’t been among the worst in the country, April of 2008 showed a 218% increase over the totals of foreclosure in April of 2007, and officials are expecting the foreclosure inventory in the state to get worse as the year goes on.

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  1. Pingback by Oregon State Real Estate Listing and Resource. Oregon Real Estate RSS Feed Available. » Blog Archive » Northfield, MN Home for Rent - $1,325 — May 20, 2008 @ 3:02 pm

    [...] Rhode Island Sees Foreclosure Rate Triple Within Year With just over 1,050 homes in some stage of the foreclosure process during the first three months of the year, Rhode Island s relatively small market is flooded with foreclosure properties. Many blame the fact that homeowners who get into trouble with defaults now cannot sell or refinance their homes for anything close […] [...]

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    [...] Rhode Island Sees Foreclosure Rate Triple Within Year With just over 1,050 homes in some stage of the foreclosure process during the first three months of the year, Rhode Island s relatively small market is flooded with foreclosure properties. Many blame the fact that homeowners who get into trouble with defaults now cannot sell or refinance their homes for anything close […] [...]

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    [...] Rhode Island Sees Foreclosure Rate Triple Within Year With just over 1,050 homes in some stage of the foreclosure process during the first three months of the year, Rhode Island s relatively small market is flooded with foreclosure properties. Many blame the fact that homeowners who get into trouble with defaults now cannot sell or refinance their homes for anything close […] [...]

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