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Potomac Divide Shows Foreclosures Through Courts Slow Home-Price Recovery

19.05.12

The Maryland and Virginia suburbs of Washington are a lot alike, with similar populations of workers from the U.S. capital, incomes above the national average and unemployment rates below the norm.

Their housing markets are going in opposite directions.

Home prices rose 0.8 percent in Virginia last year while across the Potomac River in Maryland they fell 3.6 percent, according to data provider CoreLogic Inc. The reason is that Maryland, like 23 other states including New York and Florida , requires court approval to foreclose on delinquent homeowners, a lengthy process that has slowed comebacks across the country, said Thomas Lawler, a housing consultant and former chief economist for mortgage financier Fannie Mae. (FNMA)

“States that have dealt with foreclosures in an expeditious way, whether or not it’s good from a social perspective, appear to be recovering,” Lawler said in a telephone interview from his office in Leesburg, Virginia . “The difference is the foreclosure laws.”

Source: Bloomberg

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Stockton home sale - Bookshelf


Do single-family homes pay their way?, A comparative analysis of costs and revenues for public services
47 pages 		Do single-family homes pay their way?, A comparative analysis of costs and revenues for public services

Creator: Ruth Lowens Mace, Warren Jake Wicker | Political Science - 1968
In Guilford County, family income of home purchasers is generally half of house sale price; in Stockton, house sale price runs 2.08 times family income; ...
Ardis Claverden
552 pages 		Ardis Claverden

Creator: Frank Richard Stockton | Fiction - 2005-06-30
"Do you suppose I would sell itt You might as well ask a man to sell his wife or his children as to sell his home, to which he intends to devote the ...
Publisher: Kessinger Publishing
Reports of cases determined in the Court of Chancery and, on appeal, in the Court of Errors and Appeals of the state of New Jersey Reports of cases determined in the Court of Chancery and, on appeal, in the Court of Errors and Appeals of the state of New Jersey

Creator: John Potter Stockton, New Jersey. Court of Chancery, New Jersey. Court of Errors and Appeals | Equity - 1856
5, but that ever since the said sale, the said lot has been in the possession of ... and that, although she was living at home, with the said defendants, ...
Debates and proceedings of the Constitutional convention of the state of California, convened at the city of Sacramento, Saturday, September 28, 1978 Debates and proceedings of the Constitutional convention of the state of California, convened at the city of Sacramento, Saturday, September 28, 1978

Creator: California. Constitutional Convention, California, E. B. Willis, P. K. Stockton | Constitutional conventions - 1881
SALE FOR TAXES. Mr. AYERS. Mr. Chairman: I send up an independent section. The SECRETARY read: " The real and personal property of all homesteads assessed ...
The Law times reports, containing all the cases argued and determined in the House of Lords, [etc.]; together with a selection of cases of universal application decided in the superior courts in Ireland and in Scotland The Law times reports, containing all the cases argued and determined in the House of Lords, [etc.]; together with a selection of cases of universal application decided in the superior courts in Ireland and in Scotland

Creator: Great Britain. Courts | Law - 1862
... house, and liis estates at Stockton, in the occupation of himself and iis ... portioning and leasing, and of sale and exchange as therein mentioned; ...

Stockton home sale - News


Abandoned Modesto home at center of series of tragedies
Modesto Bee - Feb 27, 2011
Abandoned Modesto home at center of series of tragedies They sorted, stacked and boxed items and clothing inside the home. Lane also propped up and patched the back fence, which had fallen over. About three weeks before the planned Memorial Day weekend sale, though, vandals broke in and ransacked the place.

Growing pains
Tracy Press - Feb 25, 2011
Before the Ellis ruling changed the game, Surland CEO Les Serpa said he expected home sales to pick up by 2014 or 2015, which is why his company planned to start building homes in Ellis as soon as it could. How much the market will bounce back, though,

Can E-Books, Traditional Books Be Friends?
KTXL - Feb 21, 2011
Peter Keat, owner of Time Tested Books in Midtown Sacramento, knows that e-book and e-reader sales are growing. He also knows Borders announced its closing 200 locations nationwide, including stores in Modesto and Stockton. "People are going to still

1000 Stockton renters will get foreclosure warnings
News10.net - Feb 18, 2011
Federal law requires a minimum 90 days notice following a foreclosure sale before tenants can be forced to move. Tenants with leases may continue living in a bank-owned home through the end of their lease unless the new owner intends to occupy it.

Borders doesn't close the book on outlets for Stockton readers
Stockton Record - Feb 18, 2011
Borders doesn't close the book on outlets for Stockton readers Good stuff for reinforcing school curricula at home. Next, Friends of the Stockton Public Library. This Hammer Lane nonprofit was closed for restocking or something. Sales of its wide selection of used books benefit the public library.