Your home value has dropped – now what? – Columbian (Real Estate Appraisal)

September 28, 2008 on 4:01 pm | In Real Estate Appraisal | No Comments

Your home value has dropped – now what? – Columbian
Clark County residents have been hearing about declining home values and climbing foreclosures for more than a year. In August, median Clark County homes sold for $240,000, down $42,400 from a year earlier, according to Vancouver-based Riley & Marks

Homes more affordable; loans are not – Miami Herald
To understand how the credit crisis is hitting home in South Florida, consider the plight of Teresa and Hoover Encalada. The couple found a two-bedroom condo they loved at the Plaza on Brickell. At $434,000, the price was right. Their credit was good

More foreclosures are coming to the high-rent districts – Chicago Tribune
In 2003, Robert Provost snapped up a $2.5 million villa with its own boat dock in Sarasota, Fla. A finance chief for an auto-sales chain, Provost earned more than $250,000 a year and had an impeccable credit history. Then he lost his job. Provost

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