Archive for the 'cities' Category

Investors and prospective home buyers can take a look at the nearly 300 foreclosed homes for sale in Myrtle Beach, South Carolina.

The city of Chula Vista in California had imposed an ordinance that became a national model for mandating that lending institutions maintain abandoned and vacant bank owned foreclosure to prevent them from becoming blights to neighborhoods.

The real estate market in Chicago, Illinois has generated an increase interest from vulture investors. Industry experts said that most of these vulture investors are real estate developers whose overbuilding activity was cited as one of the factors that pulled down the housing market and the economy.

Canyon Lake in California has issued an ordinance which requires all bank owned homes foreclosures to be registered with the city. Owners of foreclosed properties who failed to comply with the city ordinance will be made to pay a fine.

The increasing number of bank foreclosure homes in Middlesex, New Jersey has caused blight on neighborhoods. Most of these abandoned and vacant foreclosed properties have become eyesores and magnets to vandals and thieves.

The rising number of bank foreclosed houses has forced the city of Aurora in Colorado to require banks and lenders to register all foreclosed properties on their inventory to monitor them to ensure that they do not become eyesores to communities and magnets to criminals and vandals.

The foreclosure crisis has ruined thousands of lives. And not just that of distressed homeowners but also residents of neighborhoods where bank foreclosure for sale properties are located. The situation in the city of Newark in New Jersey is not different from other cities and towns ravaged by foreclosures.

Phoenix is rising fast from its real estate collapse, with investors and home buyers bidding against each other to acquire forclosed VA homes and other foreclosure homes.

Residents of Chicago, Illinois get proactive in their fight to curb the number of properties put on the bank forclosure listing. Over 200 community resident leaders from schools, area faith institutions and organizations staged a rally in front of a branch of the Bank of America to demand bank accountability.

Some neighborhoods hardest hit by the foreclosure crisis can expect to see fewer properties in bank forclosure list anytime soon with the city council's approval of a program to purchase foreclosed and vacant properties in Tampa.

Biscayne Bay Lofts, the developer of the 28-story,118-unit Onyx on the Bay condominium tower in Miami, Florida is facing bank forclosures action from Corus Bank. Court records showed that Corus has filed foreclosure proceedings against Onyx's 41 unsold units.

Some homeowners in Las Vegas, Nevada are accusing their homeowners' associations (HOAs) of using unpaid fines as reason for forclosed homes for sale. Some said that they were slapped with accumulated collection agency fees and late penalties by their HOAs over as menial a reason as failure to submit on time paperwork for converting a grass lawn to desert landscape.

The California cities of Oakland, San Jose and Pittsburg are making sure that vacant repo homes are not spawning blight and crime in its neighborhoods. City officials and police officers have been enjoining residents to participate in initiatives to maintain abandoned foreclosed homes.

The mention of Florida and Miami oftentimes conjures images of bank foreclosure list and vacant condos, but there is a part of Miami-Dade County where home and condo prices are still holding up - Miami Beach.

Neighborhoods devastated by foreclosure properties across the country are being rehabilitated by cities with money provided to cities under President Obama's Neighborhood Stabilization Program.