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May

Number of Repossessed Houses Expected to Reach One Million in 2010

The latest figures covering the foreclosure market of the U.S. showed that repossessed houses will likely reach the one million mark before the end of the current year. According to real estate analysts, this is mainly due to banks starting work on backlogs of problematic housing loans at a quicker rate than they did during the last three months or so.

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May

Some Foreclosed Homes for Sale Might Be Due to Bank Errors

Recent concerns over foreclosed homes for sale have emerged among homeowners. According to them, some foreclosures might not have been caused by the recession or delinquent mortgage payments, but by errors committed by banks and lenders.

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May

Investors Cautious Over Washington Distressed Properties for Sale

Washington is currently sitting on more than $3 billion worth of distressed properties for sale. However, investors are not rushing to buy these properties as they look for more stable investments and those that will bring regular cash flow.

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May

Distressed Homes for Sale Getting Attention From Commercial Agents

Several commercial real estate businesses in Roanoke, Virginia are trying to do their share to rescue owners of distressed homes for sale by establishing separate divisions that will deal exclusively with distressed property problems.

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Apr

Free Workshops Address Bank Owned Property Listing Problems in Indy

The state of Indiana is addressing bank owned property listing and foreclosure problems by holding a series of talks for free. These events are meant to provide homeowners with advice on dealing with foreclosures and they also aim to educate residents on the nature of the housing market crisis.

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Apr

Distressed Home List Contributed to Higher Sales in Myrtle Beach

The South Carolina beach town of Myrtle showed an increase in condominium sales of over 70% during the period April 1, 2009 to April 1, 2010. The high increase in the resort town’s home sales for the period seems to be a good sign for the area, but majority of these sales were related to distressed home list.

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Apr

Foreclosure Auction Listings Expanded in Missouri and Kansas

Kansas and Missouri are just two of the states that recorded a jump in foreclosure auction listings during the January-March 2010 period. Recently gathered data showed that Kansas experienced a rise of more than 60%, while Missouri recorded a 25% jump.

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Apr

Court Decision in Florida May Affect Bank Repo Houses for Sale Market

In a possible ground breaking move, a court in South Florida made a decision that can put an end to banks’ tactic of delaying taking the title of financially troubled repo houses for sale. According to market observers, banks use this method to avoid paying assessments that are past due and legal fees that should be given to homeowner associations.

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Apr

Repossessed Homes for Sale Rose in the Idaho Treasure Valley

Repossessed homes for sale increased to record levels in the Treasure Valley of Idaho in March, based on figures from Idaho-based real estate analysts. Treasure Valley covers Boise, the lowland areas west of Boise and areas spanning Weiser in the north to Mountain Home in the south.

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Apr

Distressed Property Listings at Your Fingertips

The US housing market is expected to receive a boost from the Complete Realty Suite, a software that houses over 1.6 million real estate, including distressed property listings. The application was developed by the RMS Public Relations through their iPhone App Public Relations Department. The software is owned by Visionary Apps LLC and is a compbination of three platforms and targets other software developers seeking wider awareness for their applications.

Continue Reading: Distressed Property Listings at Your Fingertips