Archive for November, 2009

Buy Foreclosure Homes in Detroit Where Prices Plunged 80%November 23rd, 2009

Investors can buy foreclosure homes at substantially discounted prices in Detroit, fix them, rent them out and wait for the city to recover before selling them or partner with nonprofits … More >>

Atlanta Foreclosed Homes Contained by Wells FargoNovember 23rd, 2009

The number of Atlanta foreclosed homes arising from the mortgage lending operations of Wells Fargo and acquired bank Wachovia has been curbed because of prudent lending policies and loan … More >>

Investors Buy Foreclosure, Repair and Sell Them to VeteransNovember 20th, 2009

Cash-rich housing investors have been swarming foreclosure markets across the country to buy foreclosure at very low prices. Many of them would purchase discounted foreclosure homes, do … More >>

Lists of Foreclosures to Grow as Defaults Hit Record LevelsNovember 20th, 2009

Lists of foreclosures are expected to grow as mortgage defaults hit record levels again in the July-September quarter, based on a report from the financial services division of credit … More >>

Phoenix Foreclosed Homes Comprised 66 Percent of MarketNovember 20th, 2009

Phoenix foreclosed homes accounted for 66 percent of housing market activity in October, according to a study by Jay Butler, real estate professor at the Arizona State University W.P. … More >>

Philadelphia Foreclosed Homes Curbed by Mediation ProgramsNovember 19th, 2009

Philadelphia foreclosed homes have not been rising as fast as in other metro areas partly because of the implementation of several programs aimed at stemming foreclosure actions. More >>

Orlando Foreclosed Homes Driven by Failed Short SalesNovember 18th, 2009

Orlando foreclosed homes continued to grow compared to foreclosures in October last year, based on a report on metro area foreclosures from a California-based real estate company. More >>

Listing of Foreclosed Homes Record High in McLennan, TexasNovember 18th, 2009

The listing of foreclosed homes grew this year in McLennan County, Texas, based on data from a real estate company that tracks foreclosures and auctions in Texas. More >>

Foreclosed Homes Listings Contained by Massachusetts CityNovember 17th, 2009

Foreclosed homes listings in Fall River have not been growing as fast as in other cities of Massachusetts because of housing and neighborhood programs carried out by the city. More >>

New York Foreclosed Homes Bought with Conforming LoansNovember 17th, 2009

New York foreclosed homes are expected to be sold in greater numbers after the federal government extended its higher conforming limit home loan program until the end of next year. More >>