The number of Phoenix foreclosed homes in September is still high compared to foreclosures in other cities despite a drop of nearly 5 percent, based on foreclosure data from Information Market.
Foreclosures dropped to 3,759 units in the Valley area, compared to foreclosures in August. It was the second consecutive drop since the crisis started. Pre-foreclosures [...]

Miami foreclosed homes can now be acquired by the neediest families of the city in the midst of the return of groups of flippers to South Florida looking for cheap distressed properties.

With financial assistance from the Neighborhood Stabilization Program, the city will help low-income households compete with flippers in the purchase of cheap foreclosures to [...]

Home prices are at their all time low that many young people are pooling their resources to buy foreclosed homes. Aside from foreclosure properties, young people also find the stock market as a good place to put their money. Since March, the market rallied benefiting some young people who saw their portfolio increased three times.

The [...]

Lists of Los Angeles foreclosed homes will soon include a lot of mansions if speculative builders and investors fail to pay their construction loans.

According to high-end realtors in the area, there are hundreds of multimillion-dollar houses in Southern California that are being offered for sale but are not being purchased because prospective buyers are taking [...]

Sheriff sales, foreclosed houses for sale and foreclosure auctions arising from tax foreclosures have been rising across the country because of the increasing number of financially troubled homeowners and local governments.

Cities and counties which previously delayed actions against delinquent real estate taxpayers are now being forced to sell tax liens to private firms so they [...]

The filing of lis pendens slowed down in seven of eight counties surveyed by real estate research firm Default Research Inc. in August.
Lis pendens is a written document notifying the property owner and the court that the property owner has failed to make payments within a certain period. It is the first stage of [...]

Land foreclosures in Detroit will be auctioned off by Wayne County tax officials this October. According to Terrance Keith, deputy treasurer of Wayne County, the number of tax delinquent and tax foreclosed properties throughout the county has risen to nearly 9,000 properties from only about 2,000 properties in 2007 and majority of the properties are [...]

The increasing number of Georgia foreclosure homes has claimed its latest victim in the form of Georgian Bank based in Atlanta. The bank closing is said to be the 95th case reported nationwide this year. Adding to the problem of the banking industry is the rising loan default rates involving commercial properties.
According to industry experts, [...]

City officials in Sacramento, California have decided to earmark federal stimulus funds to purchase foreclosed properties for sale. The capital-area project involves buying foreclosure properties and renovating them to make them assets in neighborhoods instead of blights.
The project has chosen the first foreclosed home that it plans to renovate. The property is a single-family home [...]

Florida foreclosure homes have wreaked havoc on the lives of thousands of homeowners and bring devastation to neighborhoods. The increase in the number of foreclosure properties pushed down home prices and values, there by allowing those who have dreamt of owning a house a chance to buy one.
In Daytona Beach, cheap foreclosure properties have made [...]