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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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Illinois Foreclosure Homes for Sale Rising in Suburban Areas

by Anthony ParkerOctober 23, 2009

Illinois foreclosure homes for sale have been rising faster in number in suburban counties than in metro areas, based on an analysis of foreclosure data in September and in the whole third quarter of this year.
While foreclosure postings increased in Cook County in the July to September quarter by only 6 percent over last year, [...]

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Georgia Foreclosure Homes for Sale Still Growing in Number

by Danny GibsonOctober 22, 2009

Georgia foreclosure homes for sale are still growing in number, based on a report of nationwide foreclosure filings released this week by a real estate research company.
In the third quarter, foreclosure actions filed by lenders in Georgia reached 33,385, marking a jump of 25 percent from the same quarter last year and a rise of [...]

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Home Foreclosures for Sale Boost Sales of Single Family Homes

by Danny GibsonOctober 22, 2009

Cheap home foreclosures for sale are driving sales of single-family homes in the Massachusetts counties of Franklin, Hampshire and Hampden in the third quarter. Majority of sales were made by first-time buyers who were encouraged to make real estate purchase by the federal government’s $8,000 tax credit. A great number of first-time buyers come swopping [...]

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House for Sale Rose in Florida as Values Continue to Drop

by Robert ShultzOctober 21, 2009

Going around Marion County, Florida, one could see a great number of house for sale signs as the values of properties in the area continue to drop last month. But the good news is, the low home prices and values are attracting bargain-hunting buyers to the area, especially first-time homebuyers who want to avail of [...]

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Michigan Foreclosure Homes for Sale Put State among Top 6

by Mark GoodmanOctober 21, 2009

Michigan foreclosure homes for sale continue to increase in number despite state and federal efforts to prevent foreclosures because of the continued rise in unemployment throughout the state.
In September, the unemployment rate continued to climb up, hitting 15.3 percent, far above the national jobless rate of 9.8 percent. Analysts said that the unemployment rate of [...]

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Rising Number of Foreclosure Homes Affects Census Accuracy

by Anthony ParkerOctober 20, 2009

The accuracy of the 2010 census count will be greatly affected by the increasing number of foreclosure homes across the country. U.S. Census Bureau Director Robert Groves explained that many families who have lost their houses to foreclosures have moved in with relatives or friends or have become homeless.
He expects that census questionnaires that will [...]

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Florida Foreclosure Homes for Sale Bought by Entrepreneurs

by Anthony ParkerOctober 20, 2009

Bargain-priced Florida Foreclosure Homes for Sale are being snapped up by entrepreneurs and other professionals who have cash to invest. Others are taking advantage of opportunities arising from the rise in foreclosure homes such as restoration of homes, provision of interior design and handling of foreclosure cases.
One of these entrepreneurs is former business journalist Peter [...]

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