Foreclosed Homes
Recent California Foreclosure Report Gets a Second Look
Specifically, the report took a look at roughly 400 foreclosures in San Francisco County from January 2009 to November 2011 and examined them for errors, irregularities, and other signs of fraud or flaws in the process. Approximately 84% of home foreclosures reviewed contained what the report called ?clear violations of law?, and nearly 66% contained at least four violations or questionable
Federal Approach to Foreclosure-Into-Rental Plan Has Copycat in New Jersey
Sometimes good ideas are copied by others – which is not necessarily a bad idea. In this case, the federal government’s plan to convert thousands of government foreclosures into rental properties through a partnership with private equity investors is being copied (in a manner of speaking) by New
Dont Expect the Foreclosure Settlement to Fix the Foreclosure Process
The apparent lack of meaningful enforcement mechanisms in the deal is one glaring omission that many are beginning to notice now that the public has had a week to digest the terms of the settlement. One of the main reasons why the settlement occurred in the first place was because the states threatened to launch a tidal wave of probes, investigations, and – ultimately – indictments against five major lenders due to widespread [...]
Want Terrific Deals on Foreclosure Properties? Check Out These States
The foreclosure market in the U.S. is absolutely saturated with great deals and steals – namely in the form of hundreds of thousands of home foreclosures priced well below fair market value.
Vacant Non-Foreclosed and Foreclosed Houses Estimated at Over 3M
The number of vacant foreclosed houses and empty non-foreclosed homes has been estimated to be over three million. According to a report by Goldman Sachs, residential vacancy in the U.S. is way above normal seasonal figures. However, housing formation is showing signs of increasing, albeit at a very slow pace.
Changes in Processing Bank Foreclosed Homes Set to Cost Lenders a Lot
The processing of bank foreclosed homes in the U.S. is set for a major revamp. Recent reports revealed that banks have been given until the middle of June 2011 by regulators to develop plans that will polish their foreclosure procedures and mortgage servicing processes, while an additional two months were provided to implement these plans.
Unemployment and Foreclosure Homes Hindering U.S. Economic Recovery
Reports revealed that U.S. Federal Reserve Chief Ben Bernanke have cited the oversupply of foreclosure homes and the high number of jobless people as the main factors hindering U.S. recovery. Bernanke reportedly mentioned these factors during a speech delivered in Arlington, Virginia. The Fed Chairman also reportedly claimed that the nation's economy is currently experiencing a moderate recovery, but is still far from the level where it [...]
Foreclosed Houses Projected to Impact Prices Again in Western U.S.
The impact of foreclosed houses and distressed properties on housing prices is showing no sign of abating. According to housing industry experts, the residential markets in the western part of the U.S. are in for another decline, with some experts predicting that the region might be facing a double dip.
No Foreclosed Houses at Giveaway Prices in Washington Region
There are foreclosed houses and short sales that can be found in the Washington region covering D.C. and parts of Maryland and Virginia. However, realtors reported that, for buyers looking for a bargain-priced dwelling, they will not find it in this region. They stated that the area's housing market is recovering faster than other U.S. regions and is selling homes at fair market value.
Details to Consider when Buying Foreclosed Houses
Housing market analysts stated that residential properties, particularly foreclosed houses, have never been more affordable than they are now. Majority of first time homebuyers are discovering that they can easily afford a house right now more than they could a few years ago. However, analysts warned that purchasing might not be as easy as it seems.
