Foreclosure Help

Lender Adds More Foreclosure Assistance Centers

Bank of America (BofA) is reportedly planning to up the total of its foreclosure assistance centers from 12 to 40 across the U.S. The centers were built by the lender to provide help to mortgage holders who are under foreclosure risk. Reports revealed that hard-hit areas will be the priority of the expansion.
Foreclosures

Omaha Housing Stable Despite Presence of Foreclosed Tax Deeds for Sale

The supply of foreclosure tax deeds for sale and other types of distressed properties did not rise in Omaha, Nebraska like in other U.S. regions, but the metro area was also affected by the housing market crisis. Recently though, local housing industry analysts stated that the market is stabilizing.
Foreclosures

Nonprofit Rehabbing Foreclosed Sheriff Auction Homes in Detroit

A Detroit, Michigan nonprofit organization has been renovating foreclosed sheriff auction homes in the area and selling them off to qualified buyers. The Grandmont Rosedale Development Corp. (GRDC) tries to purchase foreclosed houses before they fall into disrepair and before their former owners or trespassers strip them of important fixtures. The group is currently focused on the areas of Rosedale Park and Grandmont.

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Foreclosures

Lis Pendens Foreclosures Still High, but Oklahoma Market Is Improving

May 4th, 2011 by Jason Westmann

Realtors in Oklahoma have reported that the state's housing market is improving, despite the presence of lis pendens foreclosures. They revealed that home buying activities have picked up, particularly in areas surrounding Shawnee. Realtors also stated that the market is likely to improve further in the coming months.

Foreclosures

Tennessee Foreclosures Down, Bank Short Sale Listings Up

May 3rd, 2011 by Jason Westmann

According to recent reports, Tennessee foreclosures continue to decline in March, but the quarterly figures are still trending upward. Properties that go into bank short sale listings could also be keeping the number of foreclosures down.

Foreclosures

Nation-wide Housing Sales Increase in March

May 2nd, 2011 by Jason Westmann

The housing market still has a long way to go before it recovers, and with prices still low and inventory still high, this recovery will likely take years, not months. But, signs are promising that a recovery may be on its way – at least more than originally expected.

Foreclosures

New Home Builders Offer Alternatives To Distressed Property

May 2nd, 2011 by Jason Westmann

Buyers now have to choose between a new home and a distressed property as construction activities for new residential homes are finally underway.

Foreclosures

Sale of Residential Home Foreclosures In Columbus Gains Ground

April 29th, 2011 by Jason Westmann

The recession has sent many states and cities in the country into a downward spiral and the housing market was not spared. Thousands of residential home foreclosures flooded the market and homeowners struggled to recover financially. Recently though, signs indicate that the industry has already hit the bottom and there is no other way to go but up.

Repo Homes

Buyers Excited Over Charlotte Repossessed Homes

April 28th, 2011 by Jason Westmann

The Charlotte Regional Realtor Association reports that sales of repossessed homes in the area registered a sharp increase from February to March 2011. The dramatic rise in closed deals posted a total of 1,903 transactions compared to the 1,329 houses sold in the previous month.

Foreclosures

Buyers Find HUD Homes for Sale in Florida Highly Affordable

April 27th, 2011 by Jason Westmann

Investors and traditional buyers Find HUD Homes for Sale and other types of Residential Properties in Florida to be worth their time and money during the month of March 2011. Sales of existing dwellings went up in various markets of the state compared with one year ago.

Foreclosures

New York Foreclosures Down But Fixer Upper Homes Remain Plenty

April 26th, 2011 by Jason Westmann

The first quarter report for this year shows a decline in New York foreclosures but the volume of existing fixer upper homes still remain hefty. The results could be a breath of fresh air from the appalling foreclosure rates posted in 2009.

Foreclosures

Foreclosure Apartment Buildings for Sale Outpacing Regular Homes

April 25th, 2011 by Jason Westmann

The rental housing market and even foreclosure apartment buildings for sale continue to take a huge chunk of traditional residential properties' market share. In March, a big number of regions in the U.S. posted declines in housing resales, including Austin, Texas, as the apartment sector and the rental housing industry continue to thrive.

Foreclosures

Mortgage Rates Drop to 4.8% as Unemployment Rates Remain High

April 22nd, 2011 by Donald Hanz

The real estate market has received some decent news over the last few days, with everything from an increase in home loan applications to a rise in home construction. Today’s reports indicate that 30-year fixed mortgage rates are down to 4.80%, which could potentially convince buyers to continue the slow increase in home purchases across the country. However, low rates alone are not enough to spark a housing market recovery, as the rates [...]

Foreclosures

Bank Foreclosures and Foreclosure FSBO Numbers Fell in San Antonio

April 20th, 2011 by Jason Westmann

The number of bank foreclosed properties and foreclosure FSBO has declined in San Antonio, Texas during the quarter January-March 2011. Foreclosure-related filings fell year-over-year across the whole state and the whole country, although month-over-month figures vary from one region to another. Despite the nationwide decrease, housing experts are predicting that foreclosure numbers will continue to rise for the rest of the year.