From the monthly archives:

July 2009

Mixed-Use Community Project Facing Bank Foreclosure Listing

The project of Boca Developers to convert an old landfill located at North Miami, Florida into a residential and commercial development is facing the risk of being placed on bank foreclosure listing as Wells Fargo Bank plans its foreclosure proceeding against the property.

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Goal to Reduce Foreclosed Homes Listings Could Fall Short

Last March, the Obama Administration, in its effort to provide relief to troubled homeowners and reduce the number of homes in foreclosed homes listings, launched a housing program that targets as many as 4 million of these distressed borrowers. The said program involved as much as $50 billion in funds, given to mortgage lenders as financial incentives to encourage them to modify the loans of struggling borrowers.

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California Tops Foreclosed Homes Listing

by Elizabeth Rush on July 24, 2009

California Tops Foreclosed Homes Listing

California's foreclosed homes listing incurred 45,667 properties in the second quarter of this year while 124,564 households in the state received notices of

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More Commercial Properties on Bank Foreclosure List Expected

Real estate industry experts are anticipating an increase in the number of New York commercial properties on bank foreclosure list this year. They pointed out that many short-term commercial property mortgages are due for refinancing.

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California Properties in Foreclosed Home Listings Decline in 2nd Qtr

Amidst the latest national foreclosure figures which reached a whopping 1.5 million for the first half of the year, the number of California properties belonging to foreclosed home listings dropped during the period covering April to June.

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Stimulus Funds to Buy Properties on Foreclosed Home Listing

Florida counties of St. Lucie and Martin are hoping to receive stimulus funds that will be used for programs that will help alleviate the effects of the foreclosure crisis in several neighborhoods in the area. The programs of both counties involve buying properties on foreclosed home listing, rehabilitating and selling them at bargain prices.

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How Foreclosure VA, Other Foreclosures Affect Credit Score

If a homeowner is able to carry out a short sale to prevent his home from being added to lists of foreclosure VA and other foreclosures, it is generally known that the short sale will not affect his credit score as much as a foreclosure does.

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Banks Urged to Help Contain Foreclosure List

by William Dover on July 20, 2009

Banks Urged to Help Contain Foreclosure List

National Economic Council Director Lawrence Summers admonished banks that received federal aid for failing to do their best to contain the number of properties on foreclosure list. He said that financial institutions should know that the revenues they are earning are part of the Obama Administration’s commitment to help the country’s financial system.

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Discounted Repo Home Listings in the Carolinas

by Elizabeth Rush on July 20, 2009

Discounted Repo Home Listings in the Carolinas

About 102 properties on repo home listings across North Carolina and South Carolina were auctioned off at bargain prices at the Marriott City Center in Charlotte. What made this auction noteworthy were the very low prices attached on most foreclosed properties on sale.

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Cincinnati Foreclosure Home Prices Heighten Affordability

Home affordability remains unprecedented in the Greater Cincinnati area and in Northern Kentucky because of continued declines in foreclosure home prices and other pre-owned home prices, according to real estate analysts in Cincinnati.

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