Repo Homes

Sales of Houses Repossessions Surged 60 Percent in Colorado

Sales of houses repossessions climbed up in Colorado in January this year amid a decline in foreclosure filings, based on records from the Colorado Division of Housing.

Florida Repo Homes for Sale to Soar with Foreclosure Bill

Repo homes for sale in Florida will certainly climb up higher in number once a bill backed by the Florida Bankers Association is passed.

Repo Houses for Sale Spiked in Southwest Florida in 2009

Repo houses for sale surged in number in Southwest Florida in 2009, based on data from a California foreclosure tracking firm.

Repo Homes Will Rise Next Year despite Eight-Percent Drop

Repo homes will rise in number next year despite the eight-percent decline in foreclosure filings across the U.S. in November, according to analysts working for a California-based foreclosure tracking firm.

Bank Repo Houses Indicate Credit Card Delinquency Levels

Bank repo houses are also now good indicators for credit card delinquencies, according to a study released by credit report issuer TransUnion.

Bank Owned Repossessed Homes in HSBC Books Dropping

The number of bank owned repossessed homes in HSBC books has been dropping, according to regulatory papers filed in the U.S. by the consumer lending unit of the London-based bank.

Repossessed Houses for Sale Abound in Saint Paul, Minnesota

Repossessed houses for sale abound in Saint Paul, Minnesota, according to Jim Erchul, head of the Dayton’s Bluff Neighborhood Housing Services, a nonprofit focused on affordable housing in the area.

Bank Delays Hinder House Repo Prevention Efforts

Many troubled homeowners who pinned their hopes on the Obama Administration’s loan modification program may be in for some disappointments as bank delays are jeopardizing the goal of the initiative to stave off the number of house repo cases and help about 9 million borrowers who are at risk of foreclosures.

Bank of America CEO Talks about Bank Repo Homes

The chief executive of the country's biggest consumer bank spoke at the annual conference of the National Urban League in Chicago and clarified many things said about the role of the banking industry in the housing crisis and in the rising number of bank repo homes.

Increase in Bankruptcy Filings to Stop House Repossession

In the first six months of this year, over 50 percent of distressed homeowners in Washington have filed for Chapter 13 bankruptcy protection in an effort to stave off house repossession.