Bank Foreclosures

Bank Owned Foreclosures Surged in Atlanta As Unemployment Rate Rises

The number of postings for bank owned foreclosures and other type of foreclosed properties rose by 59% in Atlanta, Georgia between July and August 2010. The total number of households that have received a notice of foreclosure jumped to 13,130 in August from 8,264 in July.

Bank Owned Home Foreclosures Soared in Springfield

Bank owned home foreclosures in Springfield, Massachusetts soared by 76.7 percent in January this year, based on data from Boston-based research firm Warren Group.

Bank Foreclosures Rise as Homeowners Prioritize Credit Cards

Bank foreclosures are expected to continue rising in part because of the increasing number of homeowners prioritizing the payment of their credit cards over their home loans, according to a recent study released by Chicago-based research firm TransUnion.

Bank Owned Properties in Grand Rapids in Leaseback Program

Bank owned properties in the residential sector in Grand Rapids, Michigan are being purchased under a leaseback program administered by Lighthouse Communities, a community organization which is part of the Kent County coalition called Foreclosure Response.

Bank Owned Foreclosure Lists in Missouri Trimmed by Citi

The number of bank owned foreclosure homes in Missouri has been reduced by Citigroup as it continued to step up its efforts in implementing the Home Affordable Modification Program in the state.

Bank Foreclosed Properties in 4 States Pushed 9 Banks Down

Bank foreclosed properties in the states of California, Texas, Illinois and Arizona contributed largely to the collapse of nine banks owned by holding company FBOP Corporation, bringing the total number of failed U.S. banks as of the end of October to 115 banks.

Landscapers Clean Homes on Bank Foreclosure Listings

Nobody could argue that homes on Bank Foreclosure Listings are blight and eye sores in the neighborhoods. Foreclosed properties also pull down home prices in the area and lately, have become magnets to criminals and vandals.

Bank Foreclosed Homes Maintenance Program in Florida

Cape Coral, Florida has a program that helps the city maintain bank foreclosed homes and keep them from becoming a blight to the community. An ordinance in the city of Cape Coral allows it to require banks to register bank foreclosed homes for $150. The city uses the money collected from registration fees to pay for the maintenance of foreclosed properties.

Many Bank-Repossessed Homes Not in Foreclosure Listings

Mortgage lenders across the country are believed by some foreclosure analysts to have been keeping many of their repossessed homes from foreclosure listings.

More Bank Foreclosures Mean New Ways to Buy

While 2007 saw some of the highest bank foreclosure inventories many states have seen in decades, experts predict that 2008 will bring even higher levels of foreclosures nationwide, and this could make for some interesting investment opportunities for homebuyers. With the rising volume of foreclosures across the nation, 2007 brought newfound attention to the foreclosure [...]