From the monthly archives:

October 2009

Las Vegas Foreclosure Listings Growing in Commercial Sector

Las Vegas foreclosure listings have been growing in the commercial sector, just like in many cities throughout the country, according to officers of the Southern Nevada unit of the National Association of Industrial and Office Properties.

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Indianapolis Foreclosure Listings May Grow due to Layoffs

Indianapolis foreclosure listings are leveling, but they may again grow as soon as major Indiana employer Eli Lilly implements its plan of cutting 5,500 jobs over the next 24 months.

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Illinois Community Center on Listings of Foreclosures

by Jason MacDowell on October 9, 2009

Illinois Community Center on Listings of Foreclosures

A nonprofit community center has recently been added to the growing listings of foreclosures in Illinois. A foreclosure lawsuit has been filed by ShoreBank on the Washington Cultural Center located in Bronzeville. The nonprofit community center is a controversial project of Dorothy Tillman, a former Alderman.

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Hialeah Foreclosure Listings to be Addressed by NSP Funds

by Elizabeth Rush on October 8, 2009

Hialeah Foreclosure Listings to be Addressed by NSP Funds

A number of homes in Hialeah foreclosure listings will be acquired by the city of Hialeah for rehabilitation and for resale to qualified families under the federal Neighborhood Stabilization Program.

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Bank Foreclosure Listings Threaten Frustrated Homeowners

by Jason MacDowell on October 8, 2009

Bank Foreclosure Listings Threaten Frustrated Homeowners

Complaints against a federal foreclosure prevention program from troubled homeowners who are at risk of losing their properties to bank foreclosure listings are growing in numbers every day.

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Bank Foreclosed Listings in California Include Many Hotels

by Elizabeth Rush on October 7, 2009

Bank Foreclosed Listings in California Include Many Hotels

Bank foreclosed listings in California now include an increasing number of hotels as fewer and fewer vacationers and travelers stay in hotels, sharply cutting hotel revenues and causing hotel owners to miss their commercial loan payments.

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Nuns Planning to Buy Townhouses on Bank Listings Foreclosures

Two of the four townhouses on bank listings foreclosures in Pennsylvania will soon have new owners. A group of nuns from the Felician Sisters of Our Lady of the Sacred Heart Province are planning to buy the two townhouses in the foreclosure devastated neighborhood of Mooncrest.

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Homes in Charlotte Foreclosure Listings from Failed Modifications

Many homes included in Charlotte foreclosure listings arose from failed loan modification efforts, according to homeowners and housing advocates in North Carolina.

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Expected Spike in Foreclosure Home Due to End of Moratorium

Foreclosure home in Tulare County, California is expected to rise after the end of the moratorium. Industry experts said that so far, the increase is not yet evident in the real estate market in the area, adding that the current inventory of foreclosure houses for sale is at its lowest level.

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Brooklyn Foreclosure Listings Addressed by U.S. Rep Towns

by Elizabeth Rush on October 5, 2009

Brooklyn Foreclosure Listings Addressed by U.S. Rep Towns

The issue of Brooklyn Foreclosure Listings was addressed by U.S. Representative Edolphus Towns and other housing counselors and analysts in a recent discussion that will be aired on Time Warner Cable, Verizon and Cablevision.

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REO Property Listings Affect Chicago Home and Condo Prices

by Elizabeth Rush on October 5, 2009

REO Property Listings Affect Chicago Home and Condo Prices

REO property listings continue to pull down the sales prices of single-family houses, condo units and townhomes in Chicago, based on a report on residential sales in August from the Illinois Association of Realtors.

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New York Foreclosure Listings Include Buffalo Tax Foreclosures

New York foreclosure listings in the coming weeks will include almost 3,200 tax foreclosed homes and 437 tax foreclosed commercial properties in Buffalo if the owners of these properties are not able to pay their back taxes and municipal service fees within 5 weeks.

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