Archive for the 'States' Category

The number of bank foreclosed hotels soared to 62 in California in 2009, an overwhelming 313-percent increase from only 15 in 2008, based on research done by Irvine-based Atlas Hospitality Group.

Bank owned homes for sale pulled down prices in Eastern Connecticut in 2009, particularly in New London and Norwich, according to data from the Eastern Connecticut Association of Realtors.

Buying a foreclosure house for sale in Florida has been made easier with the launching of another public online auction site in the state.

The sale of foreclosure homes will rise sharply in Arizona with the foreclosure of high profile high-rise residential projects - the Centerpoint condo towers in downtown Tempe and the High Street phase of the CityNorth mixed-use project in Phoenix.

Foreclosure home listings and short sale listings are still driving the housing market in Arizona, particularly in the communities of Verde Valley, according to local real estate brokers.

The pace of bank owned property listing in Wisconsin in 2009 marked another record for the state as job losses continued to clobber homeowners.

Foreclosure sales, cheap houses in Florida are turning into tourist attractions as innovative real estate brokers use tourist buses to take prospective home buyers and journalists around cheap foreclosure houses.

Bank foreclosure cancellation efforts have been stepped up by mortgage lenders in California following pressures from lawmakers and Obama administration officials to modify more loans and to put more trial loan modifications into permanent modifications.

Bank owned homes are now dominating house sales in Massachusetts, as foreclosure postings continued to rise in the state, based on reports from real property tracking firm Warren Group, the Massachusetts Association of Realtors and other foreclosure analysts.

Bank owned properties listing in the residential and commercial sectors of Georgia grew fast because of several factors, including fast population growth, explosion of construction projects, preponderance of community banks and high unemployment rates, according to Georgia bankers.

Bank foreclosure list properties in Florida continue to rise in the commercial sector as banks continue to pursue foreclosure proceedings on defaulting developers and property owners.

The number of Florida foreclosures for sale in the residential sector is still high because of the high number of underwater borrowers defaulting on their loans.

Bank listing foreclosures have been driving home sales in the Florida Keys, based on October home sales data released by a real estate brokerage specializing in Keys properties.

Bank foreclosure list numbers in Texas are muddled by repeat postings by mortgage lenders, according to analysts working for an Addison-based real estate research firm.

The bank foreclosure list of Brooklyn, New York-based Sovereign Bank contains lots of multifamily properties in South Florida, based on foreclosure filings in the county courts of Broward, Palm Beach and Miami-Dade.