Growing Number of Renters Affected by REO Properties Crisis

Time icon June 30th, 2009 by Autor Joseph Smith

The number of renters of REO properties is growing every day, just as foreclosures remain unabated across the country. And tenants’ advocacy groups are quick to point out that recently approved national legislation is not enough to provide protection to renters who are the latest victims of the foreclosure crisis.

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Sales from Florida Foreclosed Home Listings Up, Prices Down

Time icon June 29th, 2009 by Autor Joseph Smith

Total sales of houses listed in foreclosed home listings in Florida and in Polk County increased in May, according to real estate records in Florida.

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Lower-Priced Foreclosed New Homes Distress Homebuilders

Time icon June 26th, 2009 by Autor Joseph Smith

The low prices and large numbers of foreclosed new homes have been clobbering home builders. But many of them, especially the larger companies, are riding out the recession through various cost cutting methods and maintaining good relations with investors.

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Over 2,000 Houses in Tarrant Foreclosed Home Auction

Time icon June 25th, 2009 by Autor Joseph Smith

More than 2,000 houses will be sold in Tarrant County’s foreclosed home auction in July, based on foreclosure records in the area.

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Foreclosed Houses Over 34 Percent of Orange, California Sales

Time icon June 24th, 2009 by Autor Joseph Smith

The percentage of sales of foreclose houses in relation to total home sales in Orange County, California in May is still a commanding 34.2 percent, despite a drop in the share.

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Over 5,000 Foreclosure Properties to Enter Phoenix Market

Time icon June 23rd, 2009 by Autor Joseph Smith

More than 5,000 foreclosure properties are expected to enter the Maricopa County market this month, according to studies of mortgages and foreclosures in the Phoenix area.

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Unemployment May Trigger REO Property to Rise Again

Time icon June 22nd, 2009 by Autor Joseph Smith

Last month’s decline in the number of REO property in Massachusetts has prompted industry experts to suggest that more and more people have realized how costly foreclosure proceedings are and have taken steps to avoid repossession of their homes.

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Wave of Bank Foreclosure Property Mediation Requests Expected

Time icon June 19th, 2009 by Autor Joseph Smith

Nevada Chief Justice James Hardesty is concerned about the flood of bank foreclosure property mediation requests that courts will have to handle in the coming months. He expects as many as 1,500 requests for mediation each month.

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Foreclosed Properties for Sale below $200,000 in Bellingham

Time icon June 19th, 2009 by Autor Joseph Smith

Foreclosed properties for sale and condos priced around $170,000 are available in Bellingham, a city on Bellingham Bay and one of the largest cities in Washington State. It is also the county seat of Whatcom County.

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Obama Program to Contain Foreclosed Homes: Is It Working?

Time icon June 18th, 2009 by Autor Joseph Smith

Many Americans have been asking if the Obama administration’s Making Home Affordable program which was launched to address the problem of large numbers of foreclosed homes nationwide is working

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