From the category archives:
The Culpeper town in Virginia has received about $1.2 million in federal funds to help it buy from foreclosures list. The funds will be used to buy foreclosed house in some new housing developments.
The money was awarded under the federal government’s Neighborhood Stabilization Program which was launched by the Obama Administration to help stave off [...]
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Neighborhoods throughout West Virginia, Maryland and Pennsylvania saw their foreclosure lists grew to a record high for the first seven months of this year.
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Whoever said that the housing market in California is nearing its bottom may be surprised to learn that foreclosed homes listings in the area continue to grow last month, particularly in the Los Angeles County.
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Property preservationists are people who saw business opportunity from the thousands of abandoned and vacant bank foreclosed homes. They are hired by banks to clean up homes on their foreclosure listings.
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Michigan financial counselors said that they have seen extreme ways of how lenders deal with distressed homeowners who want to save their properties from foreclosed homes listings. They said that some mortgage companies would not reduce the 12 percent rate on loans taken out by delinquent customers.
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A real estate investor based in Oakland, California has allotted almost $6 million funds to purchase properties on the growing foreclosure listings of Contra Costa County. The investor plans to purchase bank foreclosed homes in Antioch, Bay Point and Pittsburg.
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In an attempt to stem the tide of properties on bank foreclosure list, Northampton County in Pennsylvania launched a program that will help distressed homeowners avoid foreclosures
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Foreclosed home listing sales, existing home sales and new home sales in Southern California increased for the 11th straight month in May, according to market data released this week.
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The Fall River, Massachusetts-based building owned by chef George Karousos is scheduled to be placed on REO property listing for sale. In a legal advertisement, mortgage holder, Sovereign Bank announced that the building will be on REO property listing for sale on June 30.
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Southern California continues to experience the impact of foreclosures with more and more abandoned and vacant properties being added on the region’s repo homes listings.
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