Foreclosure filings in Colorado rose for the second month in a row in August, according to a new report released by the Colorado Department of Local Affairs' Division of Housing.

The new report shows foreclosure filings fell by 12.1 percent compared to August 2009, with 255 filings per county compared to 290 last year. Across Colorado foreclosure filings were down by 10.1 percent in August compared to 2009. Monthly foreclosure filings in the state have been down year-over-year every month since april.

While foreclosures fell by 20 percent in Denver county last month, Pueblo County had the largest increase in new filings with a 31.6 percent rise.

The foreclosure rate in Maryland fell 30.2 percent in August from the previous month and 11.5 percent from 2009.

If you are facing foreclosure or considering mortgage modification, please contact a Maryland mortgage modification lawyer of Chaifetz & Coyle, P.C., by calling 443-546-4608.

A report released Thursday says foreclosure filing in Hawaii hit an all time record in August.

According to a new report published by the foreclosure listing firm RealtyTrac Inc., there were 1,629 foreclosure filings in the state in August. Hawaii's old high of 1,534 was set in December. August's record is 87 percent above the 869 foreclosure filings last year.

The number of filings last month equates to one filing for every 315 households in Hawaii.

The highest overall foreclosure rate last month was in Nevada, where one in every household received a foreclosure notice - 4.5 times the national average.

If you are facing foreclosure, please contact a Maryland mortgage modification lawyer of Chaifetz & Coyle, P.C. by calling 443-546-4608.

Central Florida will receive nearly $48 million in federal funds to assist foreclosure-plagued neighborhoods, officials announced Thursday.

According to officials with the U.S. Department of Housing and Urban Development, the money is part of a $1 billion "neighborhood stabilization program." The Obama administration began the program to help local housing authorities across the county buy and renovate abandoned properties. The money will also be used to offer assistance with down payments and closing costs to low-and moderate-income homebuyers.

Florida, which has one of the highest foreclosure rates in the country, will receive about $208 million, which is the largest amount of any state. California will receive the second-largest portion, $149 million.

"To us, it's an easy investment," said HUD Deputy Secretary Ron Sims. "It means someone will wake up and have a job to go to. … A community will have a new neighbor. And a new family will live here."

If you need a legal professional to help you make sure your mortgage modification is a reliable operation to improve your financial situation, contact a Maryland mortgage modification lawyer of Chaifetz & Coyle, P.C., by calling 443-546-4608 today.

A report released Wednesday found that foreclosures not only have an economic impact, but may also cause medical problems for the people involved.

 

According to a survey released by the Alameda County Public Health Department and Causa Justa/Just Cause, people undergoing foreclosure experience higher levels of stress and increased medical problems. Tenants living in buildings in foreclosure have similar problems.

 

The new research builds on a previous study which showed that people living in the areas with the highest rates of foreclosures have life expectancies about 10 years less than in other parts of their counties. 

 

The report "really highlights much of what we know about communities that are already overburdened by poor health outcomes," said Sandra Witt, deputy director of the Alameda County Public Health Department.

 

If you or someone you know is facing foreclosure, contact the Maryland foreclosure defense lawyers of Chaifetz & Coyle, P.C. at 443-546-4608 to learn more about your rights.