Handyman specials homes are getting a lot of attention from savvy investors who want to earn huge profit for just a small cash outlay. A handyman special home is purchased at a very low price because of its poor condition. The purchaser, who has the skill to repair houses, will buy the foreclosed home, do [...]

The Alabama city of Birmingham experienced a drastic increase in the number of distressed properties in the third quarter. According to recent market data, Birmingham’s foreclosure rate surpassed those of other Southeastern cities.
From July to September, about 2,622 households received one foreclosure filing or one out of 190 houses. The figures represented a drop of [...]

A foreclosed home is attractive not only because it usually has a very low asking price. A foreclosed home is also a smart investment for your financial future because it can have a positive impact on many areas of your finances for years to come. For example, most foreclosures are priced below market value, which [...]

Freddie Mac foreclosures are expected to grow in the coming months following reports of an increase in the number of delinquencies on loans guaranteed by the Federal Home Loan Mortgage Corp., the second biggest home funding company in the United States.
Last month, Freddie Mac’s mortgage investment portfolio increased by an annualized rate of 7.3 percent [...]

Buy Fannie Mae foreclosures now as the inventory of Fannie Mae homes increases. Based on the latest data released by Fannie Mae, the pace of defaults on single-family loans surpassed 4 percent last July, the highest delinquency level reached by Fannie Mae in 11 years.
Most of these defaults are expected to go into foreclosure because [...]

VA foreclosures homes are now managed by BAC Home Loans Servicing LP, a subsidiary of Bank of America Corporation. Previously, VA foreclosures were being managed by Florida-based Ocwen Federal Bank FSB.
The U.S. Department of Veterans Affairs this year signed a long-term agreement with BAC Home Loans to be its property management company.
In August, BAC Home [...]

Lis pendens filings continued to rise in seven counties across the country, albeit at a slow pace. Lis pendens, or notice of default in states with non-judicial foreclosures, is a written notice that notifies the court and the owner of the troubled property that the latter defaulted on its mortgage payments.
Filing the notice of default [...]

You can buy VA foreclosures under the Veterans Affairs vendee financing program, and you need not be a veteran to be able to qualify under this financing program. You can also buy VA foreclosed properties for your own use or as rental investments.
Under the program, you can buy a VA foreclosed home with no down [...]

Colorado City, Arizona’s 35 communal properties are facing tax lien foreclosures if they failed to settle unpaid taxes and interest within three years with lien purchasers. About 150 houses and land holdings in the polygamous community is in danger of foreclosure due to nonpayment of the 2007 property taxes amounting to $124,000.
The treasurer’s office of [...]

The city council of Cranston in Rhode Island is considering rules aimed at containing the number of REO homes in the area. Under the rules, lenders are required to renegotiate the loans of distressed borrowers before foreclosures could be initiated.
The strategy is similar to the one initiated in the neighboring city of Providence in [...]