Archive for the 'cities' Category

About $20 million worth of luxury homes were sold in Boston foreclosures for sale at Back Bay. The foreclosure auction took less than one hour, with starting bid price of $1.075 million and average sale price of over $1.35 million.

The number of Brooklyn foreclosures for sale is expected to rise following the New York Court of Appeals' ruling on the case involving the Stuyvesant Town apartment building. The court ruled that owners of the apartment building should pay nearly $200 million in damages and rent overcharges to tenants of about 4,000 apartments.

Detroit foreclosures for sale is continuing to be a major problem by city officials. Along with the rising unemployment rate, the increasing foreclosure properties in the city is a perennial headache to city officials.

Denver foreclosures for sale is still hurting the local housing market in Colorado. In August, home prices dropped by 1.44 percent compared with the same month the previous year. The LoanPerformance Home Price Index (HPI), which include distressed property sales such as short sales and foreclosures, has experienced a drop but not that big compared with the national average, according to industry experts.

Dallas foreclosures for sale continue to clog the market, dragging down home prices and values. Recent data showed that home prices drop slightly by 1.2 percent in August from the same month last year.

Breaking three consecutive months of price gains, home prices dropped by 0.4 percent in August due to Charlotte foreclosures for sale. Market data showed that gains in home prices were posted from May to July but dropped drastically in August.

The United Nations Human Rights Council has appointed a special rapporteur who will meet with people whose properties are facing Bronx foreclosures for sale as part of the organization's study of affordable housing in New York City.

Atlanta foreclosures for sale continued to grow in number as banks posted bigger losses in their residential and commercial property loan portfolios.

San Francisco bank foreclosures are still growing and prices are still falling, based on data released by a San Diego-based real estate research company and by information analyst Fiserv.

San Diego bank foreclosures slowed in September, but mortgage defaults continued to rise as unemployment continued to be above the 10 percent level.

Pittsburgh bank foreclosures continue to drop in number as the city continues its successful transformation from a place battered by the collapse of its manufacturing enterprises to a city flying high with its mix of growing steel, biotechnology and clean energy industries.

Philadelphia bank foreclosures have not increased in number as fast as in other cities because of various programs launched by the city and the state of Pennsylvania, in addition to the federal loan modification and refinancing programs.

New York bank foreclosures in the housing sector rose in two foreclosure charts released by an online real estate research firm.

Prices for Jacksonville bank foreclosures rose slightly in August, according to a real estate research firm.

Indianapolis bank foreclosures will be auctioned off at deep discounts at the downtown Mariott Hotel this weekend. The starting bids for the foreclosure homes will range from $500 to $59,000.