Foreclosure Crisis

Montana Resort Facing Bank Foreclosure List

Moonlight Basin, a five-year-old ski and golf resort located near Big Sky in Montana, is facing a bleak future as it continues to struggle financially, burdened with massive debts. The real estate market collapse has severely affected the resort which is now facing the danger of being placed on bank foreclosure list by its major lender, Lehman
Stop Foreclosures

Homeowners Filed Lawsuit to Avoid Bank Foreclosed Houses

A couple in Bowie, Maryland had filed a case against Wells Fargo Bank. According to court documents, the couple accused the bank of knowing beforehand that they could not afford to pay the mortgage for their
Foreclosure Help

Rell Pledges Relief to Contain Bank Foreclosed Home

Distressed homeowners can expect more aid to come their way to help them save their properties from becoming bank foreclosed home. This is what Connecticut Governor M. Jodi Rell told the audience during the ceremony for the unveiling of $2.5 million federal funds intended for the brownfield redevelopment at the Housatonic Community

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cities

Wisconsin City to Buy Properties on Foreclosed Home Listings

August 6th, 2009 by Simon Lindsay

The city of Kenosha in Wisconsin is planning to use the almost $1.7 million in federal funds to buy properties on foreclosed home listings. Recently, members of the Kenosha council approved the collaboration between the city and the Wisconsin Department of Commerce for a federal neighborhood stabilization

Foreclosure Crisis

Lenders Not Doing Enough to Contain Bank Foreclosure Homes

August 6th, 2009 by Jason Westmann

The Obama Administration's $75 billion loan modification was able to help only 9 percent of qualified borrower as of July, according to a report released by the U.S. Treasury Department as part of its strategy to force lenders to modify more troubled mortgage loans to trim the growing number of bank foreclosure homes in the country.

States

Bank Foreclosed Threat on 428-Unit Apartment in Iowa

August 6th, 2009 by Jason Westmann

The 428-unit W.D.M. apartment complex in West Des Moines, Iowa is under bank foreclosed threat for defaulting on a $43.8 million loan it took out from the limited partnership of New York Credit Funding.

Bankruptcy

Bankruptcy Dismissal Means a Foreclosed Bank Owned Resort

August 5th, 2009 by Peter Vernon

There is a big possibility that the bankruptcy case involving the $100-million golf and residential property located in southeast of Yakima, Washington would be dismissed, unless something changes in the coming months.

General

Bank Foreclosures for Sale Up in Resort Areas

August 5th, 2009 by Donald Hanz

The real estate markets in Colorado and Wyoming are in a slump. Industry experts said that many offers to buy have been made on existing properties and bank foreclosures for sale but most of them are 40 percent less than the discounted prices.

States

Funds for Renovating Bank Foreclosed Homes for Sale

August 5th, 2009 by Simon Lindsay

Abandoned and vacant bank foreclosed homes for sale will have a chance to be renovated using federal funds from the Texas Department of Housing and Community Affairs (TDHCA). In Midland County, the number of foreclosure properties continues to increase since last year, albeit in a slow pace.

Stop Foreclosures

Counseling to Avoid Bank Foreclosures

August 4th, 2009 by Peter Vernon

Several programs are available for distressed homeowners in Missouri who want to save their properties from foreclosures. One of the most popular forms of staving off bank foreclosures is

Foreclosure Crisis

Foreclosures for Sale May Still Affect Home-Loan Bonds

August 4th, 2009 by Jason Westmann

Investors should not rush into investing in U.S. home-loan bonds because the recent increases in home prices do not fully reflect the true level of foreclosures for sale inventories in the country, according to New York-based Barclays Capital analysts Glenn Boyd and Ajay Rajadhyaksha.

Foreclosure Crisis

Increase in Bank Foreclosed Homes in Affluent Neighborhoods

August 4th, 2009 by Peter Vernon

The foreclosure crisis has reached the trendiest and wealthiest neighborhoods in New York City. In Manhattan, one out five home sellers has experienced a loss on home sales.

cities

Las Vegas Single-Family Homes, Foreclosure for Sale Condos

August 3rd, 2009 by Jason Westmann

The number of investors who purchased new and previously owned single-family detached houses in Las Vegas increased in June, based on data gathered by housing analysts.

Foreclosure Rates

Foreclosed Home Rates Not Going Down Anytime Soon

August 3rd, 2009 by Jason Westmann

A national study of the foreclosure market showed that the metropolitan area of Kansas City in Missouri experienced a decline in foreclosure activity in the first six months of the