Foreclosure Homes Information

Foreclosure houses have become the center stage of the campaign of NeighborWorks America to preserve property values and maintain stability in neighborhoods. NeighborWorks is being helped in its campaign by other neighborhood-focused nonprofits like the National Housing Institute and the National Vacant Properties Campaign.

Foreclosed house sales would be stimulated by the decision of the U.S. Department of Housing and Urban Development to temporarily suspend its anti-flipping policy starting February 1 to help foreclosure-hit neighborhoods sell their vacant properties.

The number of foreclosed houses on sale that closed in December in the New York counties of Ulster and Orange continued to climb up as the enhanced tax benefits, lower mortgage rates and lower home prices enticed more buyers.

Foreclosed homes for sale in lower-income Chicago neighborhoods may again be snapped up by speculators, according to community advocates.

Hialeah foreclosed homes for sale continued to grow in number as sales of condo conversions plunged to their lowest levels, based on data from real estate research firms and from the Florida Association of Realtors.

Charlotte foreclosed homes for sale are still rising in number due to the continued rise in unemployment in the metro area, based on data from Mecklenburg County and the North Carolina Employment Security Commission.