Real Estate Declines | Foreclosure defense | Foreclosure Lawyers

Homes for the price of a car
By Erika Riggs, Zillow
April 2, 2012
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A house for the price of an SUV? That?s plausible, given the dip in housing. But a home for the price of a Ford Fiesta?

Whoa. Now there?s a value-bending proposition.

While most people don?t think of real estate in prices relative to that of a car, there are houses in some parts of the United States that are for sale with listing prices just like what you?d see at an auto dealership.

And we?re not talking about a house priced at the median home value of $150,000, which is akin to the sticker price of an Aston Martin. The homes featured below compare more favorably to standard highway fare: Nissans, Hondas, Fords, etc.

Some of these properties are distressed sales ? either foreclosed or in the midst of a short sale ? and some need a little renovation, but that?s still a pretty impressive given that they?re all comparable to the price of a new car. Are we ready for another real estate decline and more foreclosures?

Today, more than 6 million homeowners are behind in their mortgages and foreclosures rose in 21 states. Tampa, Florida alone, just had a 64% rise in foreclosures.? In other words, the ?Floodgates are opening up on foreclosures, and there?s no way slowing the wave down.? In 2012, we will have more foreclosures processed than the all-time high in 2010. If you need a foreclosure defense lawyer call our Foreclosure defense helpline today.

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