A second wave of Miami foreclosed homes will occur in 2011, according to housing analysts interviewed by Joy Bryant, director for credit counseling and foreclosure mitigation at Housing Partnership in Florida.

According to analysts, the next wave of foreclosures will be driven by the resetting of option adjustable-rate mortgage loans in 2011.
Despite a slowdown in foreclosure [...]

The Federal National Mortgage Association or Fannie Mae, the largest mortgage provider in the country, has been badly beaten by the unabated spread of foreclosure properties across the U.S.
Fannie Mae posted a net loss of about $19.8 million during the third quarter or about $3.47 per share from $29.4 million losses or $13 per share [...]

Bankruptcies are one of the methods used by troubled homeowners to avoid or delay foreclosures. A Chapter 7 bankruptcy does not stop foreclosure. It only provides temporary relief to troubled homeowners from unsecured creditors. But some distressed homeowners who want to avoid going through the complex and time-consuming foreclosure process favors bankruptcy.
In Chicago, Illinois, several [...]

Tampa foreclosed homes for sale dropped in number in October as sales of single-family homes and condo units soared in October and in the previous month of September, based on data from the Florida Association of Realtors and a real estate firm that tracks foreclosures nationwide.

A total of 6,216 foreclosure actions were filed in Tampa [...]

Foreclosed listings in the Dayton metro area in Ohio soared by more than 55 percent in October, compared to listings in September, based on a report released by a real estate firm that tracks foreclosures nationwide.

While other areas of the country have been slowing in foreclosure actions, filings in Dayton climbed up both from October [...]

Stockton foreclosed homes for sale accounted for more than 69 percent of all house sales in September, according to a real estate firm.

Despite a slowdown in foreclosure in the third quarter by more than 3 percent compared to the same period last year, defaults and foreclosures are still high in the city. A total of [...]

Repo homes for sale have been attracting more and more investors across the country, according to Move.com.

Based on the Move.com study, the number of investors buying foreclosures rose by 200 percent since March this year. Their chief reasons for entering the residential real estate market are low foreclosure prices and availability of housing units for [...]

As San Jose foreclosed homes for sale get closed, the local market gets closer to stability, according to the chief economist of a real estate research firm. He further explained that the sale of foreclosure homes helps in cleansing out negative equity from the residential sector.

The research firm also said that the decrease in the [...]

Foreclosure properties across the U.S. soared in number in September, according to the Mortgage Monitor October report from mortgage analyst Lender Processing Services Inc.

LPS said that one in every eight homeowners in the U.S. or 12.5 percent of all homeowners who took out home loans is either in default or in foreclosure. The pace of [...]

San Francisco foreclosed homes for sale dropped in number in the July to September quarter, but the number is expected to rise because of the sharp increase in defaults during the quarter, according to two foreclosure tracking companies.

Default notices in the San Francisco Bay Area increased by more than 25 percent compared to the same [...]