From the monthly archives:

July 2009

ARMs Could Reverse Decline in Loudoun Repo House Listings

by Elizabeth Rush on July 31, 2009

In Loudoun, Virginia, the growth of repo house listings seems to be slowing down, but housing analysts in the area fear that the resetting of many adjustable-rate mortgage loans taken by residents during the boom years starting 2004 would put more properties into repo house listings.

{ Comments on this entry are closed }

Florida Cities’ Foreclosed Homes List on the Rise

by Elizabeth Rush on July 31, 2009

The top 25 metropolitan areas with the highest foreclosed homes list in the country are dominated by cities from California and Florida from January to June of this year.

{ Comments on this entry are closed }

Wells Fargo Placed $14M Property on Bank Foreclosure List

by Elizabeth Rush on July 31, 2009

Touted as the largest foreclosure case in Teton County, Texas, a commercial lot has been placed on bank foreclosure list by Wells Fargo Bank for failure of its developer, the Tatanka Hotel Development Partners to pay its $13.5 million loan with the bank.

{ Comments on this entry are closed }

Filings for Foreclosed Home Listing in NY Increased

by Jason MacDowell on July 29, 2009

County level filings for foreclosed home listing in New York rose for the months of April, May and June this year. According to data released by the New York State Banking Department, foreclosure filings were made on 13,664 properties across the state for the second quarter. The figures represented a 24 percent rise compared with the previous quarter but 15 percent below the year-to-year figures.

{ Comments on this entry are closed }

Lawsuit to Stem the Tide of Bank Foreclosure Homes

by William Dover on July 29, 2009

The capability of the Obama Administration’s loan modification program to stop bank foreclosure homes is being challenged by a public interest group based in St. Paul, Minnesota.

{ Comments on this entry are closed }

Florida Buyer Considers Foreclosure List and Short Sale

by Elizabeth Rush on July 29, 2009

A 22-year-old Florida mechanical engineer was able to buy her first home in the city of Cocoa in May after looking at a foreclosure list and a short sale list presented to her.

{ Comments on this entry are closed }

Indiana Program to Stem Growth of Foreclosure Lists

by William Dover on July 28, 2009

Helping distressed homeowners save their properties from foreclosure lists is one of the goals of the community outreach program, launched by Indiana Attorney General Greg Zoeller to help underserved residents of the state.

{ Comments on this entry are closed }

Senators Focus on Foreclosure VA and Other Foreclosures

by Paul McCain on July 28, 2009

Even before the Government Accountability Office released a report indicating that the Obama administration may have overstated its achievements in curbing foreclosure va and other foreclosures through its Home Affordable Modification Program, several senators have already introduced new proposals to help step up the loan modification program and to help American homeowners keep their homes.

{ Comments on this entry are closed }

Tucson Apartment Complexes to Get Added to Foreclosure Lists

by William Dover on July 28, 2009

Five apartment buildings in Tucson are set to get added to foreclosure lists after California-based private equity firm Bascom Group, which bought the apartment buildings during the housing boom, defaulted on over $53 million in property loans owed to General Electric Capital Corp.

{ Comments on this entry are closed }

Workshop to Stem the Flood of Bank and Foreclosed VA Homes

by Paul McCain on July 27, 2009

The number of bank and foreclosed VA homes across the region has remained unabated for several years now. To address the growing problem, U.S. Representative Cliff Stearns has decided to host a workshop to help distressed homeowners protect their properties from foreclosure.

{ Comments on this entry are closed }

← Previous Entries