Repo Homes

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.

PMI Report: Home Prices Fall as Repossessed Home Increases

A report released by the PMI Group Inc, stated that more than 50 percent of U.S. metropolitan areas will experience a drop in home prices until the first quarter of 2011.

Expect More Repossessed Houses for Sale in Utah

More repossessed houses for sale are expected in Utah as its foreclosure rate continued to increase in May, based on foreclosure data released by California real estate research firm RealtyTrac.

Significant Drop in Denver House Reposession Rates

The total number of actual house reposession in Denver, Colorado dropped 48 percent in 2008. This decline in actual home foreclosures happened despite the 13 percent increase in Colorado?s foreclosure filings in the last quarter of the previous year.

Buying Bank Owned Repo Homes in Maryland

Enthusiastic home buyers in Maryland are finding to their dismay that banks do not have systems and staff in place to facilitate their purchase of bank owned repo homes. Many prospective buyers are adding thousands of dollars more to their home buying costs because expected closure dates are being postponed.