From the monthly archives:
The Lee County and the Florida cities of Fort Myers and Cape Coral are expected to purchase properties on bank foreclosed home listings for rehabilitation. Already, a number of contractors are competing for a chance to renovate foreclosed homes in these counties. The initiative also means more job opportunities in the area.
Continue Reading: Federal Cash to Rehabilitate Bank Foreclosed Home Listings
California, which is one of the states that took a hard beating from the foreclosure crisis, has awarded about $92.7 million grants to counties and cities to help them prevent abandoned and vacant foreclosed houses from becoming neighborhood blight and haven to criminals.
Continue Reading: Foreclosure Homes Buying Program in California
California homeowners who saw their properties turned into foreclosed houses this year may soon be hit by an income tax. A California law that provides temporary exemption on homeowners who lost their properties in a short-sale, foreclosure or deed in lieu of foreclosure is scheduled to expire at the end of 2009.
Continue Reading: Tax Exemption on Owners of Foreclosed Houses to be Lifted
The Sunset Cay commercial and residential development project in Moneta, Virginia has been placed on the foreclosed home list. The property will be auctioned off on September 17.
Continue Reading: Virginia Residential Project on Foreclosed Home List
Las Vegas, Nevada is still the lead city in commercial and foreclosed home list. For the first six months of this year, Las Vegas’ foreclosure filings grew by almost 56 percent compared with the same period a year ago.
Continue Reading: Las Vegas Still Leads Commercial and Foreclosed Home List
Sales and prices of single-family homes in Lee County, Florida declined slightly in July compared with the previous month. But the sales pace continued to improve last month.
Continue Reading: Foreclosed Homes for Sale Still Flood Inventories in Florida
Approximately 40 percent of homeowners who obtained loan modifications under the Obama administration’s foreclosed home prevention program have been redefaulting, according to Sheila C. Bair, chairman of the Federal Deposit Insurance Corporation.
Continue Reading: Foreclosed Home Prevention Program Assessed by FDIC Chair
CitiMortgage, the mortgage unit of Citigroup Inc., has significantly increased its loan modification offers responding to Obama Administration’s call to intensify and speed up the process to help more troubled homeowners avoid foreclosures.
Continue Reading: CitiMortgage Boosts Foreclosed Prevention Efforts
A New Jersey-run foreclosure mediation program has helped a great number of distressed homeowners avoid foreclosure listing. The Mortgage Foreclosure Mediation Program started in Middlesex County in 2008 and was adopted statewide early this year.
Continue Reading: New Jersey Program Helps Contain Foreclosure Listing
Some people would look at the current economic downturn with a grain of salt. It is true that the current recession is a far cry from the economic depression that occurred in the 1930s, with the level of poverty then unequaled even now.
Continue Reading: Foreclosure List to Grow as Poverty Rate Increases in Utah
The city of Princeton in Minnesota has so far purchased two foreclosed homes for sale under its program which aims to rehabilitate distressed properties to prevent them from becoming blights to neighborhoods.
Continue Reading: Minnesota City Buy Foreclosed Homes for Sale
Recent market data showed that about 14 percent of home loans in Illinois are delinquent in the second quarter of this year. This means that the number of homeowners who are facing the risk of seeing their properties placed on bank foreclosed home listings rose by 9 percent compared with the same period last year.
Continue Reading: Bank Foreclosed Home Listings in Illinois Rising
You are currently browsing the Foreclosures Blog – Foreclosure Listings Nationwide weblog archives for August, 2009.