Foreclosure short sales are becoming a popular option for distressed homeowners in Arizona who want to avoid foreclosure. But the option comes with a twist. The deal involves short selling the distressed home to an investor and then entering into a lease agreement in which the seller would purchase back the property from the buyer [...]

A prime pier at the Canton Waterfront in Baltimore, Maryland has been placed on commercial foreclosures auctions. The waterfront pier is known for its picturesque and amazing views of the city skyline and the harbor.
It has been classified for commercial use and within walking distance of boat slips, restaurants, upscale condominiums and shops. However, the [...]

New Haven, Connecticut’s housing assistance program has received a financial donation to help boost its goal to reduce the foreclosure rates in the area. The Knight Libertas, a unit of the New Jersey-based capital markets firm, Knight Capital Group, donated about $100,000 to the housing assistance program.
The New Haven program helps distressed homeowners by providing [...]

Foreclosure investing is proving to be a gold mine to first-time home buyers and investors. Many investors today are willing to hold on to their properties and wait out for the market to stabilize, a contrast from previous investors who went on reckless borrowing and frenzy buying.
Some investors are even scouring the housing market for [...]

A housing project in downtown Belmont in North Carolina has been taken over by Sun Trust Bank, making the partially-developed subdivision one of the latest victims of the foreclosure crisis.
The subdivision, located at the former Eagle Mill site, was turned over to the bank after its developer, Firmitas Developments defaulted on an almost $6 million [...]

Houses in Kentucky that are slow to find a buyer or have remained on the market unsold for a long period of time are suddenly selling faster at foreclosure auctions.
Industry experts explained that potential buyers bid on foreclosure properties and once they won the bidding, a contract will be made immediately and the deal will [...]

Buyers of cheap homes for sale in Milwaukee, Wisconsin can avail of forgivable loans as part of the city’s efforts to alleviate the effects of the foreclosure crisis and stabilize neighborhoods.
The foreclosure problem has been spreading across the Milwaukee County for several months now. The number of home foreclosure filings has flooded the market, averaging [...]

Below market rate foreclosure properties are like magnets to fixer uppers investors who want to earn huge profit for less capital. Investors and first-time homebuyers loaded with cash are flocking to Brevard County, Florida to take advantage of cheap properties.
The trend is benefiting the housing market in the region but has rendered the federal homebuying [...]

About $1.9 million are up for grabs among nonprofit organizations and community groups to be used for flipping houses into public housing. So far, six foreclosed properties in the county will be purchased, rehabilitated and sold or rent as public housing.
The funding is made possible under the U.S. Department of Housing and Urban Development’s (HUD) [...]

Many struggling homeowners who want to save their properties from becoming foreclosure and bankruptcy houses were given hope with the Obama Administration’s loan modification or refinancing program.
But since the inception of the program early this year, it failed to meet its target number of modifications. The major complaint of many distressed homeowners is the lengthy [...]