From the category archives:

Foreclosure Crisis

AG Tackles Document Errors in Foreclosed Commercial Homes Listings

Richard Cordray, Attorney General of Ohio, recently stated that banks and lenders who used faulty documents in processing properties under foreclosed residential and commercial homes listings will not be allowed to get away with simply resubmitting corrected paperwork.

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List of Fannie Mae Foreclosures and Bank Foreclosures Impact Business

Analysts have stated that the continuous increase in the number of properties under bank foreclosure listings and list of Fannie Mae foreclosures is not only causing thousands of homeowners in Georgia to lose their properties, it is also affecting the banking industry.

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Lists of Government Foreclosure Homes Not the Only Problem in Seattle

It is not only lists of government foreclosure homes and bank owned foreclosed dwellings that are weighing down the real estate market of Seattle, Washington. Recently, news about a big number of commercial properties facing possible mortgage defaults had made the headlines.

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Residential Foreclosures Listings in TN Will Hardly Feel Probe

It will be business as usual for buyers and sellers of properties under residential foreclosures listings in Tennessee despite the ongoing nationwide investigation into the foreclosure practices of lenders and banks, experts have stated. According to housing market analysts, the effect will be minimal and temporary for the state's residential property industry.

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List of Single Family Properties and Condos Fails to Attract Buyers

The list of single family properties in Detroit, Michigan is not getting any attention from buyers, as September 2010 marks the third consecutive month that sales of residential properties and condominiums in the area have declined when compared with previous year's records. Just like in the previous two months, double digit sales drop has been recorded in the region.

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FHA Insurance Sought As Bank and Fannie Mae Home Listings Expand

While the number of foreclosed residential properties under bank and Fannie Mae home listings continues to rise, more property developers in Colorado are looking at multifamily projects as a way to earn profit and at the same time, stabilize local communities. In addition, these developers are trying to achieve further security by seeking insurance from the U.S. Federal Housing Administration (FHA).

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Listings of Multi Family Foreclosures Worse Than Initially Believed

The condition of Ohio's housing market is worse that it was initially perceived to be. Local statistics showed that the number of properties under listings of multi family foreclosures and government and bank foreclosures is higher and their impact on neighborhoods is greater than previously reported.

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Act Called Attention to Listings in Freddie Mac Foreclosures Problems

As the number of properties under bank foreclosure listings and listings in Freddie Mac foreclosures continues to rise in Salt Lake City, Utah, homeowners are getting even more desperate when it comes to finding ways of preventing their properties from getting lost. One example of such desperation is John Maxim.

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Declining Interest in U.S. Countrywide Foreclosure Listings

by Elizabeth Rush on September 21, 2010

Declining Interest in U.S. Countrywide Foreclosure Listings

Although countrywide foreclosure listings in the U.S. offer some of the cheapest residential properties in years, majority of investors and homebuyers are still wary of putting their money on real estate these days. This reluctance is evident in some foreclosure auctions failing to draw bidders, including the one held in Colorado.

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Bank and Freddie Mac Foreclosure Listings Cause Rental Market to Surge

While most areas of New York try to deal with the problem of expanding bank and Freddie Mac foreclosure listings, a big number of the state's residents have decided to stay away from purchasing residential properties and instead are looking for houses that they can rent.

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