A sharply rising number of foreign investors are looking for Los Angeles pre foreclosures and other bargain-priced properties. A number of them are Chinese parents looking for houses for their children who are entering U.S. universities.
Investors are showing increased interest on commercial real estate foreclosure. Even non-foreclosure residential commercial properties like apartments are in demand.
Whether you are looking for cheap commercial properties or safe and profitable residential investment, Chicago foreclosure homes easily suffice your needs.
New York foreclosed homes auctions in the coming months may include condo units after the Carriage House in Chelsea was foreclosed by its lender Midfirst Bank. The developer owes two lenders and contractors a total of $20.77 million.
Tax lien homes for sale and commercial property status depends on the condition of the job market. Analysts provided this insight during a Florida conference.
Atlanta foreclosures counted in January for the February public auctions decreased, but are expected to rise again as major lenders resume their suspended foreclosure activity during the holidays. Over 8,100 homeowners were notified of foreclosure in January.
As with most real estate purchases - residential or commercial - the best advice on where to buy is location, location, location. Is it storefront space on a busy downtown street? Is it a warehouse with ample parking and easy access for delivery trucks? Is it an organic chicken farm?
Receivers and investors can find opportunities for more profits in Phoenix commercial foreclosures, especially in the retail subsector where a total of 1,753 buildings are currently distressed.
Mortgage firm ReconTrust Co. was told by a Nye County judge that it cannot continue its residential or commercial foreclosures in Nevada. The order came following allegations against the firm.
Business people in Las Vegas are expecting commercial foreclosures to be fewer in numbers in 2011 than residential foreclosures. They claim that commercial borrowers communicate better with lenders.
Federal National Mortgage Association foreclosures and other types of foreclosures are affecting small businesses. In Myrtle Beach, local firms are concerned.
Homes to foreclosures in Nashville, Tennessee again pushed down sales prices of condo and single-family homes in January this year. The median sales price for condos dropped to $154,550 and the median for single-family homes dropped to $159,000.
Record numbers of Florida foreclosures put the state third in foreclosure rate and second in filings among all states in 2009. Florida also got $348.31 million from the NSP, much more than any other state.
A huge percentage of home sales in various areas of Utah are accounted for by commercial foreclosure homes. A decline in home selling activities is expected in the coming months.
Commercial foreclosure property owners and homeowners are facing potential increase in insurance rates. North Carolina proposed a hike of over 20% on policies.
A number of prominent buildings in three U.S. cities have been posted as commercial foreclosures for sale this week. Among them are the Hampstead center in Maryland and the Las Olas Centre and Laterra Spa in Florida.
The Minnesota residential and commercial foreclosed property market is right in the middle for the third quarter of 2010, with the state ranked 25th nationwide in terms of foreclosures.
The problem of foreclosed homes and buildings under foreclosed commercial properties listings is expected to continue in some areas of Alabama as unemployment rates continue to rise.
A large pier in Baltimore, Maryland has been placed on commercial foreclosures auctions. The property, which was classified for commercial use, is within walking distance of restaurants, boat slips, upscale condominiums and shops.
There are several properties in Florida that could turn commercial foreclosures for sale. Among them are the Southpark Centre in Pinecrest and construction project sites in Miami-Dade County.
Atlanta foreclosure investing is viable both in the residential and commercial sectors because of continued foreclosures that have been lowering price levels. Residential foreclosures grew to 2.8 percent of all households in January while commercial foreclosures continued to spread to all kinds of buildings.
Several areas of Colorado are recording higher foreclosure numbers, making Aurora foreclosures for sale not the only residential industry concern of the state. Garfield is one such area.
In some areas of Austin, Texas, properties under repossessed home listings have declined, while commercial listings have expanded. Several counties, including Hays, Williamson and Travis, suffer from increased number of commercial foreclosures.
Filings for foreclosed commercial properties listings in the Dallas-Fort Worth area jumped in 2010. Over 2,500 commercial structures are said to be facing possible foreclosures.
Community banks in Minnesota are saddled with bank owned homes and distressed commercial assets. Thirteen Minnesota banks have already failed and 98 more are on the state watch list. More than 5,300 homes were repossessed in the first quarter.
The crisis in the residential real estate market in Arizona has spilled over to its commercial real estate market. Data showed that more commercial properties are facing bank foreclosure list and the numbers are expected to continue rising in the coming months.
Problems with residential and commercial foreclosures are expected to continue in Tennessee in 2011. Analysts stated that the real estate market will have to get worse before it can start to recover.
Buying foreclosed properties in metro Atlanta is still viable both in the residential and commercial sectors as foreclosure activity is still rising in both sectors. Recent multifamily foreclosures include properties owned by Dawson Co. Meanwhile, residential foreclosures involved nearly 79,000 in 2009.
The last month has seen a rise in commercial foreclosure actions filed in the Dallas-Fort Worth metro area by at least 40% compared to the same period last year.
Arizona foreclosures are expected to slow down after the state received $125 million to help troubled homeowners. More than 6,000 homes in Arizona became REO units in May, up from 5,452 in April.
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