The land bank in Cuyahoga County, Ohio is set to buy its first batch of foreclosed home and lots. The effort is part of the county’s initiative to alleviate the devastating effects of the foreclosure crisis.
Included in the purchase deal are six parcels of land in Brooklyn and Cleveland. These cities will serve as test [...]

The number of Miami foreclosures homes is expected to include some more condos and apartments in the coming months as banks continue to foreclosed condo, apartment and housing complexes.
The 199-unit 22-story River Oaks Condominium in Miami has been foreclosed by New York-based lender iStar FM Loans after developer 1951 NW South River Drive LLC and [...]

The market for Bay Area and San Jose foreclosure homes in California is attracting a lot of interested buyers who want their own piece of bargain-priced foreclosure house.
According to industry experts, condominiums as low as $20,000 and single-family homes at less than $60,000 are generating multiple offers and overbidding. They said that despite market data [...]

The county government of Orange has outpaced other local governments in Florida in buying bank and foreclosed homes HUD. At the same time, Orange County also bested other local governments in providing down payment and closing cost assistance to address the growing number of foreclosure properties and prevent them from becoming neighborhood blights.
The county has [...]

The Miami, Florida house of Representative Erik Fresen is in danger of becoming a foreclosed home for sale after he defaulted on his mortgage payments for over a year now.
Lender JPMorgan Chase said that Fresen owes the company about $615,000 in outstanding principal balance, interest and fees.
Fresen, who plans to vie for House speakership in [...]

Real estate market data showed that the number of closed and pending sales involving single family homes, condominiums and townhomes in Fort Lauderdale, Florida dropped slightly in July.
According to the market data, closed sales for condominiums and townhomes in Fort Lauderdale dropped by 4 percent in July compared with the previous month. But the volume [...]

In the current economic downturn and with unemployment rate going to the roofs, the news of tax hikes is something that homeowners would not want to hear. But waterfront homeowners in Toms River, New Jersey did not just hear the news but also experience it as their property taxes rose twice their usual rates.
Residents in [...]

The number of homes sold in Orlando, Florida totaled 2,141 in July, an increase of 45.45 percent compared with the same month the previous year. The July figures brought the annual total of home sales to 12,223, compared with last year’s 8,423.
Of the total home sales last month, 737 or 41.99 percent were Orlando foreclosure [...]

Industry experts are concerned that a new law in Texas would lead to an increase in the number of San Antonio foreclosure homes. The House Bill 655, which is scheduled to take effect on September 1, could change the foreclosure sales procedures and may increase the number of foreclosure lawsuits.
Under the bill, the sale price [...]

The rate of mortgage home loan defaults in Florida reached 10.8 percent from April to June this year. According to market data, the second quarter figures represented a 13 percent increase.
The number of home loan defaults did not include mortgages that were in foreclosure proceedings. The number of troubled loans in the state on which [...]