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Apr

High Hopes for a Decline in Repossessed Properties in 2010

The government program that held down mortage interests to record lows and kept the prices of houses up has come to an end in March 31, 2010. Administered by the US Federal Reserve, the program involved the government’s takeover of huge mortgage finance firms Fannie Mae and Freddie Mac during the last quarter of 2009. Before this government intervention, the housing market was in dire straits with a rising number of foreclosure bank owned properties and an overall decline in home prices.

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Apr

Broward Finally Starts Online Foreclosed Home Auctions

Broward County is finally starting its online foreclosed home auctions. As of last week, over 1,000 people had already registered to participate in the auctions. Registration is free, but the amount of $60 will be collected from every winning bidder to help cover the costs of running the online auctions.

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Mar

Buy Repossession Home for Sale in Nature-Park-Laden Arizona

A prospective buyer looking for a repossession home for sale can have it in any of the largest cities of Arizona, a state laden with nature parks, national forests, Indian reservations and natural and man-made monuments, including the world-famous Grand Canyon.

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Mar

Repo Properties for Sale Dominated Manatee Housing Market

Repo properties for sale dominated the housing market in Manatee County, Florida in February, based on sales figures released by the Manatee Association of Realtors.

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Mar

Bank Owned Houses to Comprise up to 50 Percent of Home Sales

Bank owned houses have been projected by JPMorgan Chase analysts to comprise 9 to 50 percent of house sales in 6 of the biggest markets in the country by the final quarter of 2012.

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Mar

Short Sales to Affect Bank Owned Property Lists Only a Bit

The apparent rise in the popularity of short sales will affect bank owned property lists only slightly, according to analysts using data from Lender Processing Services.

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Mar

Bank Owned Property Listings Surged in 12 Counties in Colorado

Bank owned property listings in 12 counties in Colorado surged by substantial rates in January, based on foreclosure sales data from the Colorado Division of Housing.

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Mar

Repossessed Homes for Sale in Palm Beach Still Surging

Repossessed homes for sale in Palm Beach, Florida are still surging as foreclosure filings continue to rise in the area, according to a real estate information provider.

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Mar

Distressed Houses Listings Declined in Southwestern Illinois

Distressed houses listings declined in Southwestern Illinois in February this year, based on foreclosure data compiled by the Illinois Association of Realtors and local realtor associations.

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Mar

Bank Owned Home Foreclosures Soared in Springfield

Bank owned home foreclosures in Springfield, Massachusetts soared by 76.7 percent in January this year, based on data from Boston-based research firm Warren Group.

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