new orleans foreclosures: The Impact of Foreclosures on New Orleans West Bank Real Estate
- 03/31/10 12:49 PM
What impact are foreclosures having on real estate on the West Bank of New Orleans? Traditionally, Louisiana has been one of the states with the lowest foreclosures rates. While the rest of the country has been battling wave after wave of short sales and bank owned properties, we’ve managed to hold our own. After Hurricane Katrina, most mortgage holders allowed an extended grace period to home owners who were in a bind financially and faced with repairs to their homes. Payments were deferred, collection efforts were put off and foreclosures were put on the back burner. As time has passed and … (1 comments)
new orleans foreclosures: Foreclosures and Bank Owned Properties for Sale on the West Bank of New Orleans, LA
- 02/18/08 05:21 AM
Foreclosures and bank owned properties are now for sale on the West Bank of New Orleans in Algiers, Gretna, Terrytown, Belle Chasse, Harvey, Marrero and Westwego. While these properties often need a little tender loving care to make them sparkle, they can be an excellent opportunity to purchase a home in an area that might otherwise be outside of a buyer's price range. Typically, bank owned homes and foreclosed properties are sold in "As Is" condition, with no repairs being done by the seller and oftentimes, no utilities being provided for inspections. Fortunately, there are lending programs available to buyers that will … (15 comments)
What impact are foreclosures having on real estate on the West Bank of New Orleans? Traditionally, Louisiana has been one of the states with the lowest foreclosures rates. While the rest of the country has been battling wave after wave of short sales and bank owned properties, we’ve managed to hold our own. After Hurricane Katrina, most mortgage holders allowed an extended grace period to home owners who were in a bind financially and faced with repairs to their homes. Payments were deferred, collection efforts were put off and foreclosures were put on the back burner. As time has passed and … (1 comments)
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