Foreclosure News - Foreclosure Articles Updated Daily!

Jun

New Efforts to Trim Down Foreclosure Listings in Florida

Both private and public entities are carrying out new efforts to help slow down the surge in foreclosure listings in Florida.

Continue Reading: New Efforts to Trim Down Foreclosure Listings in Florida

Jun

Bank of America Given Go Signal to Sell Bank Owned Foreclosures in Utah

A previous judge order which prevented Bank of America from selling bank owned foreclosures in Utah had been overturned by federal judge Craig Waddoups. The latest ruling means that the bank, along with its foreclosure unit ReconTrust Co., can now proceed in selling foreclosed properties in the state.

Continue Reading: Bank of America Given Go Signal to Sell Bank Owned Foreclosures in Utah

Jun

Buy a Distressed Property for Sale in Downtown Orlando

People interested in owning a unit in the mixed-use complex Paramount at Lake Eola in downtown Orlando can wait until the foreclosure process on the property is completed, as the unit price may reflect a discount as a distressed property for sale.

Continue Reading: Buy a Distressed Property for Sale in Downtown Orlando

Jun

How Many Home Auctions For Sale Belong to African American Homeowners?

African Americans reportedly account for a large percentage of homeowners suffering from the problem of foreclosure home auctions for sale in the U.S. According to NeighborWorks America, a big number of African Americans also sought counseling for foreclosure mitigation under the National Foreclosure Mitigation Counseling (NFMC) program.

Continue Reading: How Many Home Auctions For Sale Belong to African American Homeowners?

Jun

BofA Helps Florida Lower its Foreclosures by State Ranking

Bank of America has provided $10.7 billion to help Florida lower its foreclosures by state ranking in the first year of its $1.5-trillion ten-year community lending and investment program. It has disbursed nationwide a total of $168.2 billion in 2009, giving Florida 6.4 percent of the total first-year allocation.

Continue Reading: BofA Helps Florida Lower its Foreclosures by State Ranking

Jun

Foreclosure House Auctions for Sale Declined in April

April showed a decline in the number of foreclosure house auctions for sale in the U.S., as general foreclosure activity also declined. Record number of repossessions happened during the month, but lenders started foreclosure proceedings on hardly any of them, leading to real estate analysts’ claim that loan failures have reached a plateau.

Continue Reading: Foreclosure House Auctions for Sale Declined in April

May

Short Sales Competing With Method of Buying Home Auctions for Sale

Short sales have become popular options among homeowners facing foreclosure troubles in Coachella Valley in California. This development is expected to affect the number of people buying home auctions for sale.

Continue Reading: Short Sales Competing With Method of Buying Home Auctions for Sale

May

Housing Market Absorbing Foreclosures in Florida Well

The housing market has been absorbing foreclosures in Florida well over the past weeks, allowing home price levels and house resales to move up.

Continue Reading: Housing Market Absorbing Foreclosures in Florida Well

May

Five Good Reasons for Investing in Foreclosures in Michigan

At least five good things have arisen that affirm plans for investing in foreclosures in Michigan. The employment situation has improved, the mortgage default rate has slid down and General Motors is recovering. Also, public officials are on the right track in balancing the budget and containing foreclosure.

Continue Reading: Five Good Reasons for Investing in Foreclosures in Michigan

May