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San Jose Foreclosed Homes for Sale Dominate the Market

by Mark GoodmanNovember 6, 2009

Home sales in Santa Clara County, California rose by 17 percent last month and San Jose foreclosed homes for sale are credited for this positive trend. According to industry experts, the 17 percent increase in home sales activity in September compared to the same month a year ago, is attributed to first time buyers who [...]

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Dallas Foreclosed Homes for Sale Rose 34 Percent

by Danny GibsonNovember 6, 2009

Dallas foreclosed homes for sale still floods the Texas housing market. For this month, nearly 6,000 foreclosure houses are scheduled for auction, representing an increase of 34 percent compared with last year.
For the first 9 months of this year, the number of foreclosure properties hit 51,000. Industry experts said that in previous years, the wave [...]

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Experts to Buyers: How to Find Foreclosure Homes Easily

by Danny GibsonNovember 5, 2009

Tips on how to find foreclosure homes easily and quickly can be found anywhere. But industry experts believe that no matter who gave the advice or where the advice came from, the bottom line is the foreclosure investing market is not for the faint of heart. As such, all industry gurus agree in recommending to [...]

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Protection for Tenants of Boston Foreclosed Homes for Sale

by Mark GoodmanNovember 5, 2009

Tenants of Boston foreclosed homes for sale have found a lifeline among housing advocates who held a rally to demand protection for them. Housing advocates have demanded protection for tenants in apartment buildings that are U.S. Department of Housing and Urban Development (HUD) subsidized.
The rally, which was held in Cleary Square in Boston, Massachusetts, was [...]

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Volunteers Find Foreclosure Homes to Clean Up

by Danny GibsonNovember 4, 2009

An increasing number of volunteers find foreclosure homes to clean up thus preventing them from ruining the curb appeal of neighborhoods.
According to industry experts, in some areas where foreclosure rates are highest, such as Florida and Nevada, volunteering to clean up abandoned and vacant properties is becoming common in communities. These volunteers mend fences, cut [...]

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Brooklyn Foreclosed Homes for Sale Hurting Market Prices

by Robert ShultzNovember 4, 2009

Brooklyn foreclosed homes for sale under $300,000 are expected to swamp the New York housing market. Results of a recent market study showed that the foreclosure crisis has severely affected multi-family buildings located in low income neighborhoods in Brooklyn.
The study showed that 80 percent of repossessions filed in Brooklyn since last year was for mortgage [...]

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Financial Help for Families After a Foreclosed House Sale

by Robert ShultzNovember 3, 2009

The city of Nashville in Tennessee has received about $3.1 million stimulus funds in part to help individuals and families who need a place to live in after a foreclosed house sale. The program will provide short-term assistance to these new homeless to help them immediately recover from the misfortunes and get back on their [...]

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Fannie Mae Urge to Maintain Bronx Foreclosed Homes for Sale

by Mark GoodmanNovember 3, 2009

Representative Jose Serrano and Senator Charles Schumer have called on government-sponsored enterprise, Federal National Mortgage Association or Fannie Mae to shoulder the cost of maintaining Bronx foreclosed homes for sale.
Both lawmakers claim that Fannie Mae has abandoned its responsibility of maintaining 14 dilapidated, foreclosed apartment units in Bronx. Fannie Mae backed out of its initial [...]

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Bank Helps Elderly Avoid San Diego Foreclosed Homes for Sale

by Danny GibsonOctober 30, 2009

The Bank of America has been helping older people holding options adjustable rate mortgages (ARM) from losing their properties to San Diego foreclosed homes for sale.
The bank has adopted the reserve mortgage strategy. Industry experts explained that reverse mortgage is made available to older people in the form of equity loans. But senior homeowners do [...]

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Fort Worth Foreclosed Homes for Sale Pulls Down Home Prices

by Mark GoodmanOctober 30, 2009

Home prices in Texas continued to drop, albeit at a slow pace, partly due to the flood of Fort Worth foreclosed homes for sale that glut the market. Recent market data showed that pre-owned home prices dropped by 1.2 percent two months ago, compared with the same month in 2008.
According to industry experts, the August [...]

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Buying Foreclosure Homes For Sale From a Bank

by Anthony ParkerOctober 29, 2009

There are many ways to buy foreclosure homes for sale, but one of the best ways for new homebuyers is to buy through a bank. Banks sell foreclosures, which are known as REO (Real Estate Owned) properties. These homes have been repossessed because previous homeowner have not paid their mortgage. Banks are very eager to [...]

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3.5 Million New Denver Foreclosed Homes for Sale Expected

by Danny GibsonOctober 27, 2009

The number of Denver foreclosures for sale is expected to grow by as much as 3.5 million in the next two years. This is the bleak prediction of industry experts as they noted the increasing number of homeowners who lost their jobs or have reduced their income.
Market data showed that 2009 will surpassed the number [...]

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Stockton Foreclosed Homes for Sale Held Back, Prices Flat

by Danny GibsonOctober 27, 2009

Stockton foreclosed homes for sale did not increase in number in September as expected by buyers and brokers, as banks controlled the release of their foreclosed properties, according to research firm Trendgraphix and realtors in San Joaquin County.
Because of the decreased number of foreclosures released by banks, the total number of homes for sale in [...]

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Tampa Foreclosed Homes for Sale Continue to Push Prices Down

by Mark GoodmanOctober 26, 2009

Tampa foreclosed homes for sale will continue to push prices down in the Tampa Bay area, based on statements from economists who participated in a conference held by the National Association of Home Builders last week.
The economists said that high unemployment levels and increasing mortgage rates, in addition to high number of foreclosure homes, will [...]

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Chicago Foreclosed Homes for Sale Drove Total Home Sales Up

by Robert ShultzOctober 26, 2009

The total home sales for September in an Illinois city rose significantly. Thanks to Chicago foreclosure homes sale which helped push up the sales number, making it three consecutive months of increase.
The September home sales gain was the biggest in three consecutive months. According to industry experts, sales posted in the city were the first [...]

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Oregon Beset by Rising Foreclosure Home Listing, Unemployment

by Mark GoodmanOctober 23, 2009

Oregon is seeing the number of properties on foreclosure home listing growing daily. The economic downturn is taking its toll on the lives of residents and neighborhoods from Portland, Salem to Medford and even in rural areas.
Aside from the increasing foreclosure home listing that has been plaguing the state for some time now, Oregon is [...]

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