Growing Number of Renters Affected by REO Properties Crisis
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.
Continue reading: Growing Number of Renters Affected by REO Properties CrisisSales from Florida Foreclosed Home Listings Up, Prices Down
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.
Continue reading: Sales from Florida Foreclosed Home Listings Up, Prices DownLower-Priced Foreclosed New Homes Distress Homebuilders
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.
Continue reading: Lower-Priced Foreclosed New Homes Distress HomebuildersOver 2,000 Houses in Tarrant Foreclosed Home Auction
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.
Continue reading: Over 2,000 Houses in Tarrant Foreclosed Home AuctionForeclosed Houses Over 34 Percent of Orange, California Sales
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.
Continue reading: Foreclosed Houses Over 34 Percent of Orange, California SalesOver 5,000 Foreclosure Properties to Enter Phoenix Market
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.
Continue reading: Over 5,000 Foreclosure Properties to Enter Phoenix MarketUnemployment May Trigger REO Property to Rise Again
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.
Continue reading: Unemployment May Trigger REO Property to Rise AgainWave of Bank Foreclosure Property Mediation Requests Expected
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.
Continue reading: Wave of Bank Foreclosure Property Mediation Requests ExpectedForeclosed Properties for Sale below $200,000 in Bellingham
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.
Continue reading: Foreclosed Properties for Sale below $200,000 in BellinghamObama Program to Contain Foreclosed Homes: Is It Working?
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
Continue reading: Obama Program to Contain Foreclosed Homes: Is It Working?





