States

Texas Habitat May Buy Bank Foreclosures Homes Sales

The Fort Hood Area Habitat for Humanity in Texas may venture into a $1.75 million agreement with the state government to choose bank foreclosures homes sales in the counties of Bell and
Foreclosures

Bank Buys Back Rhode Island Building at Foreclosure Sale

The Gateway Center, a prominent building in downtown Providence in Rhode Island, has been acquired by U.S. Bank for $13 million at a foreclosure sale. The bank is the trustee for mortgage-backed securities holders on the
States

California Luxury Housing Facing Bank Foreclosure Home Sale

The Retreat at Stone Eagle located at the Cahuilla Hills is regarded as one of the most resplendent luxury housings in California. Designed by Altervers Associates for Ministrelli Development, The Retreat's multimillion dollar houses stand tall from the craggy canyon, mirroring the look of the northern Costa Smerlada in Sardinia,

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States

Minnesota Program to Stave Off Bank Foreclosure Houses

September 2nd, 2009 by Jason Westmann

Counselors at the Washington County Housing and Redevelopment Authority (HRA) in Minnesota are helping distressed homeowners avoid bank foreclosure houses.

States

Program to Help First-Time Buyers of Illinois Foreclosure Homes

September 2nd, 2009 by Jason Westmann

A study showed that many Illinois residents are living less financially comfortable today than they were two years ago.

Repo Homes

Judge Recused Himself from Repossessed Houses Case

September 1st, 2009 by Jason Westmann

Circuit Judge John Doyle of West Volusia, Florida has decided to step down from a foreclosure case when some lawyers complained about his alleged bias comments. Doyle has been handling an increasing number of cases involving repossessed houses in West Volusia since early this

Stop Foreclosures

Few Ohio Homeowners Seek Help to Avoid Bank Foreclosure Home

September 1st, 2009 by Peter Vernon

The Montgomery County Common Pleas Court in Ohio has been criticized for neglecting to use court-ordered mediation option to help distressed homeowners protect their properties from becoming bank foreclosure home.

Foreclosure Crisis

Commercial Properties to Flood Bank Foreclosure Listing

August 31st, 2009 by Jason Westmann

The Southern Nevada economy is still reeling from the devastating effects of the housing market collapse. The state still leads the nation in terms of foreclosure rates and industry analysts are not sure if the worst of the housing collapse is finally over.

Foreclosure Help

Bank Foreclosed Home Saved Merrill Lynch

August 31st, 2009 by Peter Vernon

The collapse of the mortgage industry turned out to be the savior for Merrill Lynch and its subsidiaries. Eastern District of Pennsylvania's U.S. District Judge R. Barclay Surrick dismissed the securities fraud lawsuit filed against Merrill Lynch and its subsidiaries.

Stop Foreclosures

Military Wives Try to Avoid Bank Foreclosed Home

August 28th, 2009 by Jason Westmann

Military families have to deal with the difficulty and emotional hardship of seeing their loved ones fight war overseas. And the experience is even made difficult if they are facing the possibility that their properties would be added to the growing statistics of bank foreclosed home.

Stop Foreclosures

Higher Values May Help Homeowners Avoid House Repossession

August 28th, 2009 by Peter Vernon

For the second consecutive month, property values in San Diego County, California rose slightly by 1.55 percent from May to June.

States

Tax Credits Boost Sales of Wisconsin Bank Foreclosure Homes

August 27th, 2009 by Jason Westmann

Industry experts and analysts agree that the federal government's $8,000 tax credit for first-time homebuyers have helped tremendously in lifting sales of bank foreclosure homes in Wisconsin.

States

Bank Foreclosed Threat on Colorado Affordable Housing Complex

August 27th, 2009 by Peter Vernon

The 64-unit affordable apartment complex, Fox Run in Fraser is at risk of becoming a bank foreclosed housing complex due to nonpayment of over $3.75 million loan it took out from Colorado Housing and Finance Authority (CHFA).

States

California Defaults, Bank Foreclosures for Sale to Rise

August 26th, 2009 by Donald Hanz

Industry analysts projected the rise in the number of home loans that are two months delayed in payments or are in some stage of foreclosure process before the end of 2009. They expected mortgage delinquency rate in the state to jump to over 14 percent.