Archive for the 'Foreclosures' Category

It’s no secret that the foreclosure machine – a.k.a. the processing of thousands of foreclosure filings, evictions, and auctions on a weekly basis by banks and lenders across the nation – has been pretty much closed for business over the past year due to foreclosure fraud and other

Foreclosures abound in today’s distressed market, and virtually every segment of the income range is affected. You can buy foreclosures in Detroit for $500 if you want – although at that price they’re not much to look at. You can also buy foreclosures for 1,000 times that amount – homes that originally cost well over a million

The foreclosure market across the nation has largely declined over the past year – not because of any real improvement in the economy, though. By and large, states have witnessed far fewer foreclosure filings this year than in years past, but the decline is not a result of large-scale improvements in the economy, or even application of loan modification programs from state and federal

No one can say that the federal government is usually creative. But, with its recent foreclosure rental scheme, it may be earning that

Foreclosures are everywhere. Approximately 40% of existing home sales are distressed properties, with roughly 28% coming as foreclosures. As of December of last year, 2.2 million homes were in foreclosure. More are coming, too; an estimated one million foreclosures are set to enter the market over the next

The real estate market can’t seem to make up its mind these

With the sheer number of foreclosures and REOs on the market today – 1.6 million foreclosures and an estimated 458,000 or more REOs – banks have their hands full. Your average bank in a given area probably owns more distressed properties than they can handle, and the longer they stay on the books, the more costly they become to the lending

Before the advent of the Internet (which seems like it’s been around forever), real estate transactions were carried out the old-fashioned way. If you wanted to find a prime property for real estate investment, or wanted a new home, you either called up a real estate broker in the Yellow Pages (remember those?) or went driving through neighborhoods in search of homes with signs out

The foreclosure market has had a lot of activity lately, but has largely subsided in many areas of the country with lower foreclosure rates slightly below what they were a year ago. Still, even as banks slow their processing of foreclosure applications and homeowners engage in loan modification programs that stop foreclosures temporarily, foreclosures continue to happen and even pick

The foreclosure crisis and housing market dilemma continues today as high-powered executives from Regions Financial Corporation are being actively investigated by internal audit committees in regards to bad loans and public disclosure rules during the financial

The word “foreclosure” is not new to anyone in this country, especially after the last few years. To some foreclosure is synonymous with investment opportunities and to others the word means possibly losing their home. Over the last few years we have come to learn that nobody is immune to the possibility of foreclosure, including celebrities. The infamous Octomom is now facing a possible foreclosure of her

We’ve been covering the foreclosure market and the impact it has had on cities all over the country. Despite the seriousness of the situation, and the widespread effects we’ve noticed, a few cities have seemed to defy the trend and remain relatively

It’s no surprise that the foreclosure market is still going on strong these days, with more foreclosures being added at an artificially-slower rate every month. This has created a surplus of foreclosed homes, which is good news for two different groups of people – investors and

 Americans have an opinion on everything, from sports to celebrities to world events and everything in between. The housing market is no exception, and not surprisingly, Americans are not afraid to voice their optimism – or lack thereof – regarding the housing

Since the start of the real estate crisis, Tampa, Florida, has been ranked top among all U.S. areas in terms of number of cheap land foreclosure and biggest drops in residential property values. During the first quarter of the current year though, the metro area was knocked off its perch, giving the local market some cause to