Upcoming Foreclosures - Foreclosures Bank Owned News

Foreclosures Bank Owned News

Damaged Foreclosures Hurting Las Vegas Values Sunday, July 17, 2011 @ 3:59AMZolt Szorenyi makes a list of repairs needed on a foreclosure home he purchased in May in North Las Vegas, starting with fixing the lock on the sliding back door to keep out vagrants. The grass is dead, weeds are knee-high and trash is strewn about the
City snow removal hearing Monday Sunday, July 17, 2011 @ 3:27AMLANSING - Dorothy Fredericksons sons took care of her Lansing home while she spent eight months in Haiti last fall and winter.
Home Sales, Construction Probably Rose: U.S. Economy Preview Saturday, July 16, 2011 @ 11:46PMHome sales and construction in the U.S. probably rose in June from depressed levels as the industry struggled to gain traction in the face of foreclosures, falling prices and rising unemployment, economists said before reports this week.
Bank-owned home sales soared in the Rock River Valley last month Saturday, July 16, 2011 @ 12:03AMROCKFORD — The number of homes sold by banks, mortgage companies and entities that buy mortgages likely set a record in June, driving down overall prices.
Citigroup investigates charge it ignored servicemembers act Friday, July 15, 2011 @ 11:49PMBanking giant Citigroup is looking into allegations in a federal lawsuit filed by Sewickley-area lawyers that it ignored a law barring most foreclosures on homes owned by active-duty soldiers.
Home auction offers big deals for Bay Area buyers Friday, July 15, 2011 @ 8:50PMPeople looking to buy a Bay Area home can get some big deals this weekend through a special auction.
Malaga Financial Corporation Reports Record 2nd Quarter and Year-to-Date Earnings Friday, July 15, 2011 @ 4:10PMMalaga Financial Corporation (OTCBB:MLGF) , the parent company of Malaga Bank FSB, today reported that net income for the quarter ended ...
California's housing market picks up in June Thursday, July 14, 2011 @ 6:32PMSales rose 9.7% from May, DataQuick said, while the Southland saw an 11.6% boost, but purchases were down from a year earlier. Median prices for the state and region were up from the previous month. California's sluggish housing market showed some signs of life in June, with both Southern California and the Bay Area notching sales increases from May to June.
Short sale fraud plagues the housing market Thursday, July 14, 2011 @ 4:17PMJust as the housing market began to collapse near the end of 2007, a real estate agent in Bridgeport, Conn. asked Regions Bank if it would accept a $102,375 bid on a home that was underwater on its mortgage. Under the impression that this was the best offer on the home, Regions agreed to the short sale and released the mortgage it owned on the home.
Foreclosures constant, prices down Thursday, July 14, 2011 @ 4:09PMThe local inventory of foreclosed properties is holding steady, but prices of homes listed for sale, in foreclosure or not, are dropping.
Short sale fraud plagues housing market Thursday, July 14, 2011 @ 3:41PMScammers are ripping off mortgage lenders by tens of thousands of dollars -- sometimes in a matter of hours.
RealtyTrac Powers Popular iPhone Foreclosure App Thursday, July 14, 2011 @ 3:10PMMobile applications company Visionary Apps has partnered with foreclosure data site RealtyTrac to power its popular foreclosure property search mobile application.
Elizabeth Warren’s Summer Grilling Thursday, July 14, 2011 @ 12:34PMObama’s financial-reform expert defends her new agency to a hostile House committee.
Foreclosure filings in Chicago area edge up in June Thursday, July 14, 2011 @ 9:52AMThe number of homes hit with foreclosure filings in the Chicago metropolitan area edged up 2.3 percent in June from May to 9,870 homes, and dropped 26.9 percent from June 2010, according to the latest report from RealtyTrac, which shows documentation problems continue to slow filings across the country.Because of the problems as many as 1 million foreclosure actions nationally that should have ...
Drop in default notices shows clearly we are over the hump Wednesday, July 13, 2011 @ 10:35PMInland Southern California in June saw a 23 percent decline in notices of default, the first stage in sending a home to foreclosure, and a 9 percent increase in bank repossessions as the region, like the rest of the nation, works its way through a mountain of distressed mortgages.
Dial-a-Crowd Confronts Spanish Banks by Thwarting Foreclosures Wednesday, July 13, 2011 @ 6:01PMLuis Dominguez got up at dawn to take a 5 a.m. bus to join a human chain around a Madrid home threatened with foreclosure. Three weeks earlier, the crowd had come to him after he telephoned for help.
Home Sales Decline in Fayette, Tipton Counties Wednesday, July 13, 2011 @ 4:15PMWhile home sales in both Tipton and Fayette counties took hits in the second quarter – down 11.9 percent and 6.4 percent, respectively, compared...
Home buyers hit the pavement last month Wednesday, July 13, 2011 @ 11:33AMWhile closed sales fell during June, pending sales increased significantly as buyers took advantage of low prices and better shopping weather.
Waylaid by economy, Massey project sees new life in Fort Mill Tuesday, July 12, 2011 @ 11:00PMAfter nearly three years of struggle, optimism has returned to the Massey subdivision off Doby's Bridge Road, residents say.
John R. Talbott: Who Caused the Crisis and Why Is the Recovery Taking Forever? Tuesday, July 12, 2011 @ 10:00PMMany people think that the government caused the economic crisis and that the government is at fault for not creating more jobs and jumpstarting a faster recovery. Think again.
Utah event aims to help avoid foreclosures Tuesday, July 12, 2011 @ 8:35PMUtah event aims to help avoid foreclosures By Tom Harvey The Salt Lake Tribune Published Jul 12, 2011 09:39PM MDT Utahns facing default on their mortgages will have an opportunity Thursday to talk directly to representatives of some of the banks who hold or service their loans, including giant Bank of America. The Utah Housing Coalition and Utah Foreclosure Crisis Coalition, a group of ...
Home sales, price at 2011 high Tuesday, July 12, 2011 @ 7:59PMThe Nirtauts' four-bedroom house used to be the eyesore of Corriente Lane.After the bank seized the home, it sat empty and forlorn for at least a year, windows boarded up, landscaping dead, and a dirt driveway."Did you see the place before you moved in?" neighbors asked Terryl...
Foreclosure filings drop by one-third Tuesday, July 12, 2011 @ 6:21PMA fragile real estate recovery is how Toledo professionals are viewing two sets of Lucas County housing numbers released this week.
Home Sales "Surge" in Las Vegas Sunday, July 10, 2011 @ 8:30AMHome sales are strong in Las Vegas, but mostly because of distressed sales. According to the following article 47.2% of the sales in June were bank-owned properties, and another 21.6% were short sales.
DWP makes list of most hated firms Sunday, July 10, 2011 @ 12:31AMUtility gets poor marks for billings, rate proposal.
Buying and selling Kansas, one bid at a time Sunday, July 10, 2011 @ 12:08AMOn hot summer days, the cries of auctioneers can be heard in almost any corner of Kansas.
$22M spent overall on Florida series foreclosures Saturday, July 9, 2011 @ 5:00AMFlorida homebuyers spent $22 million on new local area foreclosures as Auction.com.
DWP among 'Most Hated' agencies in America Saturday, July 9, 2011 @ 3:12AMThe Los Angeles Department of Water and Power has been picked on by the City Council, bashed by ratepayers and slammed by taxpayer advocates for everything from escalating rates to confusing bills to poor customer service. But perhaps the critics never knew how bad it was. Until now.
Have banks' Other Real Estate Owned (ORE) rates seen their peak? Saturday, July 9, 2011 @ 2:15AMAfter a five-year growth, Datagy quarterly bank data analysis shows ORE rates might have reached their plateau.Dallas, TX (PRWEB) July 09, 2011 ORE is generally created by loan foreclosures by a bank and can be foreclosure of single family homes, land, construction, multiple family homes and shopping centers among others. The national trend shows growth over the last five years, however ...
BofA Sells $2.5 Billion of Bonds Amid Foreclosure Deal Talks Thursday, July 7, 2011 @ 4:29PMBank of America Corp. sold $2.5 billion of bonds as it nears a settlement on state and federal claims over faulty foreclosures that’s increasing investor confidence in credit of the biggest U.S. bank.
Bank of America Plans Bond Offering Amid Foreclosure Deal Talks Thursday, July 7, 2011 @ 1:15PMBank of America Corp. may sell five- year bonds today as it nears a settlement on state and federal claims over faulty foreclosures that’s increasing investor confidence in credit of the biggest U.S. bank.
Up against the banks Tuesday, July 5, 2011 @ 11:14PMBelva Davis (front right) and other activists in front of a boarded-up house in Detroit's East English Village neighborhood. They came to the microphone, one after another, each bearing witness to a disaster that continues to unfold.
Rentals help draw added residents into downtown Elgin developments Monday, July 4, 2011 @ 10:54PMELGIN — Thanks to a change in marketing strategy, two high-profile downtown housing developments now are close to being fully occupied.At Fountain Square on the River, along South Grove Avenue not far from Chicago Street, property manager Katie Lange said the occupancy rate is 90.3 percent for the 93-unit building.And about two blocks away on South Grove, the occupancy rate is 99 percent for the ...
Zanesville, county coping with increase in home vacancies Sunday, July 3, 2011 @ 4:14PMLoading Photo Galleries ... A duplex on Putnam Avenue stands vacant. Across the street is a pair of vacant houses. / Chris Crook/Times Recorder Not all vacant homes have tall grass, boarded-up windows and a future date with a demolition crew.
Banks easing mortgage terms Sunday, July 3, 2011 @ 3:39PMAs millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, sometimes with no questions asked.
For some, a quiet helping hand from the bank Saturday, July 2, 2011 @ 7:29PMSome homeowners who have risky adjustable mortgages are finding a pleasant surprise in their mailboxes: mortgage bills with the balances suddenly slashed.
Moynihan opts to ‘rip off Band-Aid’ from BofA loan wound Thursday, June 30, 2011 @ 11:08AMNEW YORK - Bank of America Corp. is settling for a bigger loss on defective mortgages than CEO Brian T. Moynihan had forecast in January as he seeks to distance the firm from housing bets and reverse a stock decline.
More Canadians showing an interest in Hawaiian properties Thursday, June 30, 2011 @ 7:52AMSnorkelling, swimming, surfing and suntanning aren't the only reasons Canadians visit Hawaii these days.
Equifax Study Reveals Impact of Shadow Inventory and Real Estate Owned Properties on Economic Recovery Thursday, June 30, 2011 @ 7:00AMDespite steady gains in key industry sectors, the nation's housing market continues to exert pressure on the overall rate of economic recovery. While financial conditions across multiple financial sectors suggest economic stabilization and growth, delinquencies still exceed pre-recession levels due to continued turbulence in the mortgage marketplace, according to Equifax national credit trend ...
LOGAN NEILL | Times Wednesday, June 29, 2011 @ 8:59PMBy Logan Neill, Times Staff Writer Wednesday, June 29, 2011 SPRING HILL — From the outside, the home looked nice, save for some peeling paint. Inside however, it was another story. Before abandoning the house, the former owners took with them everything they could haul off: Appliances, light fixtures, ceiling fans, even the kitchen sink. "It's a real fixer-upper," Sue Benson told the potential ...
Why the housing crash remains a wreck Monday, June 27, 2011 @ 6:43AMForeclosures. Short Sales. Unemployment. Tight credit. Overbuilding. Those are but some of the reasons housing markets in many parts of the country remain stubbornly depressed, even while activity in other economic sectors has begun to rebound.
Planning Matters: Asset or liability? Sunday, June 26, 2011 @ 5:40AMHome ownership is the American dream -- or is it?
San Juan helps homeless become homeowners Friday, June 24, 2011 @ 11:01AMOn a whiteboard was a list that read "career training," "credit counseling" and "parenting classes," but Margaret McClean wanted to add one more."Wouldn't it be fabulous if someday you could own your own home?" the manager of a specially crafted...
3 measures that matter for a housing market's health Wednesday, June 22, 2011 @ 9:37AMFirst, jobs. Second, the price of homes vs. the cost to rent. Third, foreclosures. Makes sense. If the local economy isn't growing, you won't have a growing number of people able to buy.
Miami Foreclosures Define Your Choice Wednesday, June 22, 2011 @ 9:09AMInvolving yourself instantly into home purchase in Miami foreclosures just because there is a tremendous decrease on price of properties is not a good idea; it is not enough bases for a successful investment.
Housing, job creation slow recovery Wednesday, June 22, 2011 @ 6:58AMHampton Roads has dropped to a middling rank in a quarterly report of metropolitan areas' economic performance.
5 Smart Ways to Buy a Foreclosure Friday, June 17, 2011 @ 1:00PMThe bargain shopper's guide to landing the deal of a lifetime.
NEW: Just Pay Half Thursday, June 16, 2011 @ 7:53AM50% Off Gift Certificates Get your Just Pay Half Gift Certificates! Signup for Deals! The nation is seeing its lowest level of foreclosures since 2007.
Explaining Minnesota's high rate of bank-owned sales Tuesday, June 14, 2011 @ 3:31PMIt’s been a ponderous question that has stumped even my smartest sources: While Minnesota has a relatively better economy and a consistently average foreclosure rate, why are foreclosures as percentage of all home sales among the highest in the nation?
New Push to Unload Bank-Owned Properties Squeezes Out Investors Tuesday, June 14, 2011 @ 11:45AMAs big banks and Fannie Mae and Freddie Mac spacer push foreclosures through the pipeline, the inventory of REO (bank-owned) properties is rising. That pushes distressed and overall home prices down.