Home Foreclosure News: 9 Reasons Strategic Defaults (eg, Voluntary Foreclosures) Will Continue to Rise

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According to the MSNBC.com article, As home prices fall, more borrowers walk away, more and more homeowners are willing to go the strategic default route. The article states:

A survey last year by two Chicago-area finance professors, Paola Sapienza at Northwestern University and Luigi Zingales at the University of Chicago, found that roughly three out of 10 mortgage defaults in 2010 were by homeowners who could afford to make their payments, up from 22 percent in 2009.

Just a few years ago, phrases like “voluntary foreclosure,” and “strategic default” weren’t a part of our everyday lexicon. However, as the housing crisis drags on and an arguably “jobless economic recovery” stares most Americans straight in the face, it’s not surprising that they are now.

 Strategic Defaults: 9 Reasons They’re Becoming More Prevalent

The above-cited article touched on a few of these, but following are what we see as some of the top reasons strategic defaults will continue to rise for the next few years.

1. Underwater Homeowners: Many homeowners remain significantly upside down on their homes (ie, owe more on the more on the mortgage than the home is currently worth). 

This means many are essentially stuck because they: (i) can’t refinance and; (ii) can’t sell (unless they want to write a check for the difference at closing and/or do something like a short sale), which can harm credit-.

So if a homeowner wanted to get rid of their home – for any reason, they can’t. For example if a job opportunity came up in another city; or a retired couple wants to want to sell and move to a warmer climate, many simply can’t do it because they can’t unload their homes.

Faced with situations like this, many choose the voluntary foreclosure route so they can get on with their lives. 

2. Banks Won’t Modify Home Loans: Banks have, thus far, been unwilling (at least publicly) to write down principal balances. Even a Harvard professor has weighed in saying that this would be the best thing to do, as we wrote about in the 12/6/2011 post here, Home Foreclosure News: Occupy Wall Street People Have Been Stealing Our Ideas on How to End the Home Foreclosure Crisis, stating:

We’ve long said it on this blog – the best things banks can do to prevent foreclosure – for millions! – is to reduce the principal balance. Now, a Harvard professor, who is an economic advisor to the president, is championing the same thing in The Los Angeles Times article, Obama administration ramps up mortgage refinancing effort:

A far more ambitious proposal is offered by Martin Feldstein, a Harvard professor and top economic advisor to President Reagan: Reduce the principal on the mortgages so that the loans are no more than 110% of the value of the properties. . . . Banks would absorb half the cost of the principal reduction, and the government the rest.

Could this practical solution to the foreclosure crisis finally gain some traction?

And the best thing about this plan is that banks and homeowners would share the financial burden. But to date, most banks just haven’t been willing to go down this road, seemingly preferring to let more and more strategic defaults happen.

3. Banks Hard to Deal With: In addition to not modifying loans, the runaround that banks give many homeowners who do try is simply unheard of. Many homeowners report having to send in the same  paperwork to their lender’s foreclosure specialist half a dozen times, only to have it lost.

Others report having a hard time finding out who even owns their home loan because it’s been sold so many times.

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4. Stagnant Economy: In the U.S., the unemployment rate remains abnormally high, at 8.5 percent. The Wall Street Journal expounds on this, stating:

. . . the unemployment rate ticked down to 8.5%, its lowest level since early 2009. But economists gathered here for the American Economic Association’s annual convention took a longer and generally dimmer view. Even if recent progress continues, the recession already has had a lasting effect on a generation …

And, one of those “lasting effects” is undoubtedly the ability to purchase (and hold on to) a home, which brings us to the next reason strategic defaults are likely to continue rising . . .

5. Credit Freeze: Banks are still not lending money (eg, there’s a credit freeze) – not for home loans, small businesses, HELOCs (although, who has equity anyway these days) – nothing! Most are still trying to bolster their bottom lines after what the housing crisis (and recession) did to them over the last few years.

While no one is suggesting that we go back to the days of zero down home loans, it’s harder for even seemingly qualified borrowers to get money. Without banks lending money for mortgages, it’s hard for home sellers to find qualified home buyers.

Many homeowners simply don’t have the financial reserves to “hang on” until the market gets better. Hence, more strategic defaults.

6. Broke Homeowners: Many homeowners have depleted their life savings, trying to stop foreclosure. Retirement accounts have been tapped, liquid savings accounts have been drained and even educational savings accounts for kids have been drained.

This leaves many homeowners without any other options; a strategic default is all that’s left.

7. Exhausted Homeowners: Many homeowners are simply drained — not only financially, but emotionally and physicall as well. In fact, the threat of home foreclosure has left many ill. They’re at the point where voluntary foreclosure is a welcome option, not a financial death sentence, because it gives them room to de-stress, regroup and rebuild.

8. Saving is the New Rule: This home foreclosure crisis has been a learning lesson for many Americans. Many have made getting out of debt a major priority. And, many look at a strategic default as a way to shed “bad debt” (eg, an underwater home). 

9. Regroup and Rebuild: Because of things like shadow inventory, there’s a lot on the market to choose from. Many who undergo voluntary foreclosure are able to turn right back around and purchase comparable properties at deep discounts, especially if they’re in the group that could afford to pay their previous mortgage, but chose to strategically default.

Many Americans are coming to see their homes as financial investments, rather than becoming so emotionally attached. So, they have no problem dumping it – especially as home values are not projected to rebound for more than a decade in many cases. 

The sad reality is, because so many lenders have dropped the ball, many homeowners are coming to not only see a strategic default as their only option, they’re beginning to embrace that option wholeheartedly.

This is going to put many lenders in the real estate (instead of lending) business – whether they like it or not.

Learn more about strategic default: how to do it, what it is, credit implications, etc.

Related Posts

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Home Foreclosure News: Why Home Prices May Be Depressed for Some Years to Come & What It Means for the Average Homeowner

Some Banks are Purposely NOT Foreclosing on Homeowners in Default: Here’s Why

Foreclosure Statistics: 4 Reasons Home Foreclosures are Suddenly Declining

Short Sale Tax Implications: What Sellers Need to Know

The Short Sale Process: How to Find a Short Sale Buyer for Your “About to Be Foreclosed On” Home

What Is the Bank Short Sale Process for Sellers?

Short Sale: Definition, Credit Implications, Tax Implications & More

Stop Foreclosure: How to Ready Your Home for a Fast (Short) Sale

2 Foreclosure Options for Homeowners with Little or No Equity in Their Homes

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Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

4 Ways Foreclosure Business News Can Help You This Year: Stop Forclosure, Foreclosure Cleaning Jobs, Foreclosure News, Your Foreclosure Questions Answered

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Thank you for dropping by. We hope you had a joyous holiday season and a happy new year. We’ll  be back on January 9th — better and more informative than ever. We look forward to helping you with foreclosure in a variety of ways this year.

2012: How ForeclosureBusinessNews.com Can Help You This Year

Foreclosure Clean Up Job Leads: We’ll post fresh job leads at least 3 times a week. You’ll find foreclosure cleaning job leads, property preservation job leads, lite construction job leads and leads on requests for proposals (RFPs, City/State/Federal Contracts) for things like landscaping, home repair, etc.

Stop Foreclosure: We’ll post information on the latest “prevent foreclosure” programs, home loan modifications, refinancing home loans info, and more.

Foreclosure Q&A: Have a question about: home foreclosure (eg, how to prevent it); how to start or operate a foreclosure cleaning business; cash for keys programs; etc.?  Send them in – and we’ll answer.

Foreclosure News: Of course, you’ll always be able to find the lastest home foreclosure industry news here — eg, foreclosure statistics; what’s going on with home foreclosures nationwide; new government programs for underwater homeowners, etc. 

We look forward to helping you with all of your foreclosure needs this year! So, bookmark us and stop by often. We are your one-stop shop for foreclosure news that affects “The Average Joe.”

P.S.: Get Foreclosure Clean Up (& Other Real-Estated Related) Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids. Site is updated once to three times weekly with fresh leads.

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Cleveland Foreclosures: City Giving Land Away — The Reality of Foreclosure and What It’s Going to Take to Stop the Crisis from Getting Worse

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This past Sunday, the CBS news magazine show, 60 Minutes, showed how it affects you when your neighbor goes into foreclosure. The show also detailed what it’s really going to take to solve the problem.

The show focused on foreclosures in Cleveland, which is tearing down houses (yes, tearing them down!), in order to preserve surrounding home values. And, in many cases, the city is giving the land that these properties used to sit on to neighbors who turn them into gardens and green spaces, which help to sustain property values.

Cleveland Foreclosures: Why the City is Tearing Down Houses and Giving Away Land

When a home sits vacant because it’s been foreclosed on and the owners have moved out and/or been evicted, thieves come in. This leads to vandalism and other crimes. So, Cleveland has started to tear down homes — more than 1,000 of them already with 20,000 more scheduled for demolition — and give the vacant lots to homeowners who live next door for example. This stabilizes property values because instead of having an empty house that invites crime sitting there, you then have a nice green space which can be turned into an attractive garden orother green space.

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How to Stop Foreclosures in Cleveland: What Lenders Can Do

One thing the City Treasurer in the piece pointed out was that about the only thing that can stop more foreclosures — and greater damage from being done to neighborhoods in Cleveland (and indeed, around the country) – is for banks to write down principal balances on home loans.

This would stem the tide of foreclosures and stop many from resorting to voluntary foreclosure (eg, purposely walking away from a home even when the homeowner can afford to pay, but chooses not to because the value of the property has dropped so much).

As this government official so eloquently put it (and I paraphrase), “They [banks] hand a hand in causing this crisis; this is one way they can help clean it up.” See video below for full story.

Related Posts

Home Foreclosure News of the Day: Why Some Cities are Tearing Down Foreclosed Homes

Foreclosure Crisis Deepens Yet Again: The One Thing Lenders Won’t Do That Could Significantly Decrease Foreclosures Immediately

Home Foreclosures News: Squatters Taking Up Residence in Foreclosed Homes

Home Foreclosure News of the Day: 15% More Americans Willing to Voluntarily Walk Away from Their Homes

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

Can You Legally Take Ownership of a Foreclosure Property That Has Been Abandoned via Squatter’s Rights?

Foreclosure Cleanup Money: HUD Ponies Up Another $1 Billion to Help Clean Up, Clear Out and Rehab Foreclosed Properties

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

3 Things Homeowners Who Are Behind on Their Mortgage Payments Need to Stop Foreclosure

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According to the MSNBC.com article, Housing market improves, but foreclosures spoil the party, a recovery in the housing market doesn’t look like it’s going to happen for a few years. And, this is becasuse of the glut of foreclosures that are clogging the market.

Foreclosures Will Stall Housing Recovery Until 2015?

The article explains, stating:

There are multiple, strong headwinds that will hold back that [housing market] recovery. The biggest is the long pipeline of housing foreclosures glutting the market with houses owned by banks looking to unload them at bargain prices. The steady pace of new foreclosures feeds that pipeline. And historically high rates of mortgage defaults and delinquencies, precursors to future foreclosures, have created a “shadow inventory” of homes that have yet to hit the market.

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With unemployment still hovering right around 9%, the article hits the nail on the head. And, if more isn’t done to help the Average Joe homeowner — even those who are getting jobs won’t be able to stop foreclosure because many are so far behind.

What Homeowners Who Are Behind on Their Mortgage Payments Need to Stop Foreclosure

i) Give Principal reductions: We’ve discussed this ad nauseam on this blog;

ii) Lenders with Common Sense: Eg, those who are willing to forgive and/or tack overdue payments and late fees on back of the loans (especially when you consider that many homeowners are so far behind that they don’t have thousands of dollars to “catch up” missed mortgage payments); and

iii) Lowered interest rates: This will keep mortgage payments affordable if a ahomeowner is able to refinance and/or modify their home loan.

What do you think? How much longer will foreclosures affect the housing market? Tell us inthe comments section below.

Related Posts 

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

Home Foreclosure News of the Day: Is the Housing Crisis Finally Coming to an End? The Answer May Surprise You

Home Foreclosure News of the Day: Banks FINALLY Considering Writing Down Principal Balances – Because They Were Forced to By This

Home Foreclosure News: Should the Government Intervene or Let the Market Take Care of the Home Foreclosure Situation?  

Stopping Foreclosure: Banks Considering Giving Principal Reductions, Permanent Modifications & More to Prevent Foreclosure for Many Homeowners

P.S.: Get Foreclosure Clean Up (& Other Real-Estated Related) Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids. Site is updated once to three times weekly with fresh leads.

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

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If what this bankruptcy lawyer is saying is true, the reality is that most homeowners who are seeking a home loan modification won’t get one. And, indeed banks don’t WANT to give them one. It’s a sad reality, but lenders are continuing to prey on homeowners, giving them false hope that their home loans will be modified when in fact, these same homeowners are on track to lose their homes.

This is a practice known as dual tracking

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According to bankruptcy attorney Jason L. Jones of Avatar Legal, P.C., Being in the [home] loan modification process prevents the individual homeowner from facing the actual underlying problem which is the need to move to more affordable housing. “ [Source: ScoopSandiego.com; article linked to below]

The message Mr. Jones says he wants to send to homeowners trying to prevent foreclosure is this: foreclosure is inevitable for the vast majority of homeowners. So, give up the idea that you will be able to save your home via the home loan modification process. Nine times out of 10, it’s just not going to happen.

The sooner you accept this, the easier it will be for you to make sound financial decisions based on reality instead of false hope. This way, you can get on with your life – both financially and emotionally. 

Why Home Loan Modifications are Hopeless for the Vast Majority of Homeowners

Quite simply because it’s more lucrative for lenders to foreclose according to attorney Jones, who explains in the article, Home Loan Modifications – Aid or Scam, stating:

Indeed, it is more profitable for the banks to foreclose on property because of the fees and surcharges involved, typically around $30,000 per foreclosure. Anytime property changes hands, fees are paid to all sorts of companies such as appraisal, title, and escrow. And many times, these companies are actually owned by the banks, so everybody makes out. It creates a situation where the banks actually try to force foreclosure instead of modify the loan. (emphasis added) So the homeowner loses . . .

Foreclosure Statistics: How Much Does It Costs to Foreclose?

See this related post on what it costs to foreclose on a home (when reading this remember, if banks own the companies that foreclosure fees are being paid to, then of course, it’s in their best interest NOT to work with a homeowner to modify their home loan). 

What bankruptcy attorney Jones says makes perfect sense when you consider how few home loans have been modified via federal “prevent foreclosure “programs like HAMP and HARP. Banks do what is in their best financial interests. And, if it were in their best interest to modify home loans, more would have done so (many, many more). But, they haven’t. So what gives?

What Do You Think?

Do you think what bankruptcy lawyer Jones said makes sense? Should more homeowners accept the inevitable and forget about trying to modify their home loans via programs like HAMP and HARP? Share in the comments below.

Related Posts

Timeline For Foreclosure In All 50 States

Home Loan Help: Documents Needed to Apply for a Mortgage Modification with HSBC (and Other Lenders)

Mortgage Foreclosure Timeline: How the Foreclosure Process Works & How Long You Actually Have to Move if You Eventually Lose Your Home

Stopping Foreclosure: Obama Administration to Launch 2 New Programs to Help Homeowners Avoid Foreclosure (One is for Unemployed Homeowners)

Home Loan Modifications: 30% of Those Made in 2009 Were Seriously Delinquent or in Foreclosure Process — Lessons Learned?  

Foreclosure Crisis to Drag on for Another 9 Years?

Stop Foreclosure Help: What Happens When You Stop Paying Your Mortgage

Home Loan Modification Help: Lenders Call It “Dual Tracking”; Homeowners Call It “Double Crossing”

Underwater On Your Home? Filing Chapter 7 Bankruptcy? Should You Reaffirm Your Mortgage?

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Stopping Foreclosure: Banks Considering Giving Principal Reductions, Permanent Modifications & More to Prevent Foreclosure for Many Homeowners

P.S.: Get Foreclosure Clean Up (& Other Real-Estated Related) Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Celebrity Home Foreclosure News: CSI Actor Losing Home to Foreclosure

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Former CSI: Crime Scene Investigation star Gary Dourdan is facing foreclosure on his Venice, California home . . . The actor, who most recently appeared in the big screen comedy Jumping the Broom, did not pay the July installment of his loan and owes $61,558.90 as of Sept. 28. [Source: Former 'CSI' Star Gary Dourdan Facing Foreclosure on Venice Home]

Read about Other Celebrities Who’ve Recently Faced Foreclosure Below . . .
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Related Posts

Celebrity Foreclosure News: Famous R&B Singer Hasn’t Paid Mortgage for Over a Year, Yet He Is Still Unlikely to Lose His Home to Foreclosure

Celebrity Foreclosures in 2011: From Sports Greats to Entertainment Superstars, Home Foreclosures are Not Limited to the Average Joe

Home Foreclosure News of the Day: Celebrity “Beach” Daughter in Foreclosure and Iraq War Veteran Suing Over Illegal Foreclosure

Celebrity Home Foreclosure News: West Wing & Thirtysomething star Timothy Busfield May Lose Home in January

Tiger Woods’ $865,079.36 Monthly Mortgage Payment

Octomom Avoids Foreclosure

Stopping Foreclosure: “Extreme Home Makeover” Family Held Raffle to Avoid Foreclosure?

Another Extreme Home Makeover Family Facing Foreclosure: Are These Families Irresponsible?

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Home Foreclosure News of the Day: Could Some Big Whigs FINALLY be Headed to Jail Over This Whole Housing Crisis Mess?

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I highly doubt it, but one can hope. Two states’ Attorney Generals — with others thinking about joining — SEEM to be getting serious about seeing that some of those who started this whole foreclosure crisis will be going to the clank, clank, as Madea would say.

According to the article, California and Nevada Announce Joint Investigation Into Mortgage and Foreclosure Fraud:

Attorney General Kamala Harris of California and Attorney General Catherine Cortez Masto announced an agreement to jointly investigate misconduct and fraud in the mortgage industry. . . .

AG Harris commented:

“The mortgage crisis is a man-made disaster that has taken a heavy toll on the country, but it saved its worst for California and Nevada.  The mortgage crisis is a law enforcement matter, and we will prosecute to hold accountable those who are responsible and also protect the homeowners who are targeted for fraud.  I am delighted that California and Nevada are entering into this alliance to leverage the best results for our investigations and look forward to forging similar collaboration with other states.”

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No one who had a hand in all of this happening has gone to jail, eg:

Companies that pushed zero-down, no-doc home loans (so-called exotic home loans) ;

Lenders that gave those with  poor credit (eg, 580 credit scores) zero-down home loans: many of these borrowers even got money BACK at closing;

Lenders that gave those with  poor credit (eg, 580 credit scores) zero-down home loans: many of these borrowers even got money BACK at closing;

Lenders who unfairly targeted the poor/working class with high-interest ARMS (adjustable rate mortgages) that they never should have been put in; and

One and on and on.

The practices were atrocious. And, because lenders often sold loans before the ink was dry on the paper, they never absorbed the losses. THIS is what finally broke the camel’s back and had the American taxpayer bailing out banks.

So yeah, it’d be nice if  a few heads rolled over this. It would not only restore some faith that someone is looking out for the interest of The Average Joe, but could act as a deterrent in future white-collar crime like this. Too many just blatantly get away with it.

If a common robber on the street stole snatched someone’s purse, he’d get some jail time most likely. Did you know, for example, that the maximum sentence for robbery in California is 25 years to life? This even applies to first time offenders with out injury or weapons involved during the robbery.

Definition of Robbery: Have Those Responsible for the Home Foreclosure Crisis Not Committed Robbery?

According to Wikipedia, robbery is: 

. . . the crime of taking or attempting to take something of value by force or threat of force or by putting the victim in fear. At common law, robbery is defined as taking the property of another, with the intent to permanently deprive the person of that property, by means of force or fear. Precise definitions of the offence may vary between jurisdictions. Robbery differs from simple theft in its use of violence and intimidation.

Have people’s property (LITERALLY) not been taken? Have homeowners not been “permanently deprived” of their property by being foreclosed on. The fear factor — we’ll ruin your credit, take the very roof from over your head, make you homeless?

I’d say we have a case here for “common robbery.”

Hence, nail the suckers!

What do you think?

Related Posts

Home Foreclosure: How the “Greed Is Good” Culture Has Come Back to Bite Us in the A**

Home Foreclosure News of the Day: Rumblings about Giving Homeowners Principle Reductions Start to Get Louder as Foreclosure Crisis Drags On

Home Loan, Bad Credit and How to Qualify: Yes, It’s Still Possible, But . . .

Home Foreclosure: The New Credit Standards to Qualify for a Mortgage Brought on by the Crisis

Home Foreclosure News: Owning a Home Becoming a Lot Harder for Lots of Americans Because of the Foreclosure Crisis

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

Home Loan Help: Documents Needed to Apply for a Mortgage Modification with HSBC (and Other Lenders)

First-Time Home Buying Advice: Is It Better to Buy a New Home than a Foreclosed Home?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always check under ”Recent Posts” for the most recent job listings.

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Home Foreclosure Crisis in Chicago Highlights Nationwide Issue: Will Renting Foreclosed Properties Cause Existing Home Values to Plummet?

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Chicago is like a lot of other big cities (eg, Atlanta, Miami, Nevada) – trying to find a solution to the seemingly never-ending home foreclosure crisis. One they’ve come up with is to rent foreclosed properties. The Chicago Sun-Times article, Foreclosures increasingly becoming rentals, states:

With more than one in 10 houses in Chicago vacant, and experts expecting the foreclosure crisis to continue to grow, nonprofits and the city are renting out more of those properties and offering incentives for those willing to buy.

If non-profits and the city are renting foreclosures, most likely, many of these– if not all – are Section 8 (low-income) tenants.

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Is Another Housing Crisis on the Horizon: Turning “Owner” Neighborhoods into “Renter” Neighborhoods

In a few years, what will these neighborhoods look like? Will properties maintain their value if they’ve turned from primarily homeowner neighborhoods to low-income renter neighborhoods? Will more owners who are on the fence about keeping their property start abandoning them because the neighborhood is “changing?” Could this present yet another housing crisis in a few years?

We touched on this in the post, Foreclosures Set to Skyrocket Again: 1.5 Million Homeowners Scheduled to Be Foreclosed on Next Year, writing:

. . . private investors have been buying up homes and renting them out. The government has even solicited investors to buy foreclosed homes and turn them into rentals.

This could turn into a nightmare that no one is really addressing right now. How? Renters don’t care about property like homeowners do. That’s just a simple fact. And, who are these investors likely to rent to. Section 8 tenants – because it’s guaranteed money. 

So, when owners see their neighborhoods turning into primarily low-income renters – from primarily working or middle-class homeowners, this changes the complexion of the neighborhood. 

What do you think? Share in the comments below.

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Home Foreclosure News of the Day: Occupy Our Homes, an Offshoot of the Occupy Wall Street Group, Stages Protest of Foreclosed Homes in East New York

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Tuesday marked the first national day of action of Occupy Our Homes. The 99% movement, joined by community activists, occupied vacant, bank-owned houses in over 25 cities across the country for families that have lost their own.

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Buy Foreclosures Cheap! Get Firsthand Advice from a Real Estate Investor, Landlord and RE Cleaning Company Owner
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Read the full story at The L Magazine, Protesters Occupied Foreclosed Homes in East New York.

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P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

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Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 12/7/2011

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Property Preservation Company Seeks Lawn Care Provider (Orange County, CA):  Scope of Duties: Need company/crew that can handle large cuts (and shrub trimming, leave raking, etc.) from Oxnard to Orange counties. Prefer licensed vendors. Get full details on this lawn care job.

Property Preservation Company Seeks Foreclosure Cleanup Contractors (Connecticut): Immediate Need. Scope of Duties: Provide a range of services on foreclosed properties, eg, boarding up windows, lawn care, snow removal, trashouts, winterization, etc. Compensation: Paid per assignment every 14 days! Must have or be willing to acquire foreclosure cleaning license and insurance. Get full details on this foreclosure cleanup job

Learn why property preservation companies are excellent places to look for foreclosure cleanup jobs.

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Get 1,500 Contacts to Start Landing Foreclosure Cleaning Jobs. Learn more in the The Property Preservation & Real Estate Industry Contracting & Subcontracting Directory.

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Property Preservation Company Seeks Foreclosure Cleanup Contractors (Winchester, VA): Scope of Duties: Provide a range of maintenance and preservation work on foreclosed properties in Winchester and surrounding areas. We prefer companies with at least 2 yrs industry experience, and those who are familiar with HUD, VA and FNMA procedures. Compensation: Paid per work order; 1099. Must have foreclosure cleaning license and insurance. Get full details on this property preservation job

City Request for Proposal for Landscaping (St. Clair, Michigan): The City of St Clair Parks and Recreation Department is soliciting proposals for skate park landscaping improvements. Due Date: December 9, 2011. Term:  Project will need to be completed by May 1, 2012. Get full details on this city landscaping contract.

City Request for Proposal for Landscaping Contractor (Santa Rosa, CA): City will select more than one contractor to provide services. Pre-submittal meeting: December 14, 2011. Due Date: January 13, 2012. Term:  Get full details on this city landscaping contract.

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Copyright ©2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

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