Lehigh Valley Foreclosure Listings

// –>

The amount of bank owned properties currently available in the Lehigh Valley has risen to new levels. Part of this is due to creative financing done by both banks and borrowsers in recent years. In addition many homes were over valued and therefore over priced, which lead to many buyers over paying. Add this [...]

Housing bill on track to pass Senate

Foreclosure aid: Measure would help about 400,000 homeowners.
The Senate cleared the last hurdle Friday to passing a housing rescue aimed at sparing hundreds of thousands of homeowners from foreclosure and bolstering troubled mortgage giants Fannie Mae and Freddie Mac.
The 80-13 test vote showed broad support for the election-year package and put it on track to [...]

Northampton County eyes foreclosure moratorium

Northampton County is researching whether it has the legal authority to temporarily suspend sheriff sales to try to help residents whose homes are in foreclosure. County Council on Thursday asked County Executive John Stoffa to study the issue and report back, but the panel tabled a resolution that called for a 90-day moratorium on the [...]

Catasauqua OKs plan to revitalize

Catasauqua Borough Council has approved a plan to revitalize the downtown. The plan recommends making extensive aesthetic improvements, creating a civic plaza and changing a major street from one-way to two-way. The plan recommends about $1.3 million of streetscape improvements for the downtown commercial core, ”the vicinity of Front, Pine, Bridge and Church streets.”
 
Source: The [...]

Lehigh Valley Home Sales June 2008

Comparison of Activity from June 2007 to June 2008:

Number of Sales - During June 2008, 550 sales were reported, down approximately 29.3% from June 2007 at 778.

Average Sales Price - The average sales price for June 2008 was recorded at $234,000, down approximately 0.85% from June 2007
when the average sales price of the month was [...]