Archive for the 'States' Category

The town of Benson in North Carolina has received a federal grant to buy bank foreclosure homes. The town gets a total of $755,000 in Community Development Block Grant (CDBG) made possible by the U.S. Housing and Urban Development (HUD).

Investors are advised to buy bank homes in Orange County, California where mortgage defaults are still high and where profit prospects are great.

New York foreclosures for sale declined in October as more distressed homeowners were able to negotiate loan modifications with their

Foreclosure properties sales in Chicago increased by more than 22 percent in the July to September quarter, based on foreclosure home sales data from the Illinois Association of Realtors.

Total sales of foreclosure homes in Southern Oregon in October declined as a proportion of total home sales in the region, but the 42-percent share of foreclosure and other distressed sales is still very high. The share dropped from the almost 50-percent share of foreclosures over the past months.

Marriott-branded real properties located in Fort Collins, Colorado are facing bank owned property listings. Last August, notice of demand for sale and election were filed in Larimar County on the properties which are part of the portfolio of Los Angeles, California-based Integrated Capital LLC.

Industry experts have been seeing home foreclosures for sale spread from Massachusetts' urban areas of Dorchester and Lowell to the suburban of Hinghams, Westons and Sudbury. They said that foreclosures have invaded places where in the past were spared from them.

Sales from bank foreclosed homes listings in the urban areas of Colorado climbed up in September compared to August, based on data from the Colorado Division of Housing.

The number of bank foreclosed properties for sale in the commercial real estate sector of Boulder Valley is rising, based on public records of commercial foreclosures in the area.

One can buy a bank foreclosed home in South Florida and turn it into a rental home or fix it and then resell it later. This is what flippers have been doing and many flippers now are more responsible because they have learned lessons from the past housing boom and the current

Some companies have organized a fund raising event to help homeowners avoid Fort Worth bank foreclosures. Proceeds from the fund raising event went to the Foreclosure Angel Foundation which has been helping distressed homeowners save their properties from foreclosures.

Bank homes for sale in the city of Quincy, Illinois will soon receive a facelift. The city has received federal and state money for a combined amount of 2.1 million to rehabilitate 22 foreclosed houses.

There is hope for better days ahead soon despite the continuing increase in the number of bank foreclosure homes and unemployment in Idaho, according to industry experts.

Shaun Donovan, secretary of the U.S Housing and Urban Development (HUD), has announced that his agency will speed up the release of federal disaster assistance to people in Georgia who lost their properties to bank house foreclosures.

The Wellington gated community in South Florida is now home to million-dollar bank property foreclosures. Many of these Versailles mansions that are now in foreclosure were acquired by a group of homebuyers from Opa-Locka. The million-dollar Versailles mansions are a far cry from the cinder-block houses where buyers lived in Opa-Locka.