Repo Homes
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.
Unemployment, ARMs to Increase Manatee Repossessed Homes
The rising unemployment rate and the resetting of adjustable-rate mortgage loans are expected to increase the number of repossessed homes in Manatee County, particularly in the city of Bradenton, according to housing analysts in Florida.
PA Repo Homes Program Enhanced With Countrywide Settlement
The programs of Pennsylvania to contain repo homes have been rejuvenated to a great extent with the allocation of $2.7 million to homeowners from the state’s settlement with mortgage lender Countrywide Financial Corporation.
