A novel marketing strategy was devised by Marc Joseph, owner of Foreclosures 'R Us, to entice potential homebuyers in Cape Coral, a city crisscrossed not only by foreclosed homes but also by waterways and canals.
Investors are showing increased interest on commercial real estate foreclosure. Even non-foreclosure residential commercial properties like apartments are in demand.
Hundreds of Bank of America homes for sale have been put on hold following an injunction issued by the 5th District Court of Utah. A complaint was filed against the bank by homeowner Peni Cox.
Potential homebuyers who want to buy bargain-priced foreclosed homes for sale in California are finding themselves being squeezed out of the deal by cash-laden buyers. The low supply of houses for sale in the area has sparked a bidding war that often is won by investors bearing cash.
Condo units have been filling lists of Atlanta foreclosed homes for sale as more and more condo buildings fall into default. The foreclosure of condos financed by failed Corus Bank made a huge impact on condo prices in the metro area.
You will encounter multiple offers and other bidders on foreclosure properties whether you bid at a foreclosure sale auction or purchase a REO from the bank.
Investing in tax deed sales in Michigan can be an additional income stream for foreclosure investors in the state. Bank owned foreclosure homes in Michigan jumped up in number in May by 28 percent to over 8,000 units.
A series of workshops for owners affected by problems related to foreclosure home auctions for sale will be held in some areas of Michigan. Counseling will be provided to attendees.
Miami foreclosed homes for sale grew again in the July to September quarter. Foreclosure filings rose to nearly 4,400 due largely to the high unemployment rate in the area.
Milwaukee is launching an event called 'Home for the Holidays'. Through the project, the city would resell several foreclosed homes for just $1 each unit.
The number of house auctions for sale and foreclosure activity in general declined in the U.S. for April. Lenders repossessed a big number of properties during the month, but did not start foreclosure action in many of them, resulting in foreclosure activity statistics recording a decline.
Fannie Mae has launched a program that will help buyers acquire foreclosed and REO homes similar to those offered at foreclosed house auctions. The firm aims to balance its inventory.
Two adjacent high-end foreclosed homes for sale in Hamburg, New York were taken back by their mortgage holders. The defaulting buyer, a hedge fund trader, became the target of FBI investigations.
A U.S. Army Reserve soldier assigned in Iraq returned to the country to discover how much influence homeowners associations have when it comes to the issue of foreclosure and repossessed homes. Captain Michael Clauer's home was foreclosed by a HOA and was later sold without his knowledge.
Florida counties continue to sell more distressed homes through online sheriff auctions. Broward County launched its auction website in March to clear the backlog of foreclosure cases in its courts. About 2,000 Broward homes were hit with foreclosure filings in May.
The number of Indianapolis foreclosed homes for sale being acquired by buyers has been rising due to the increasing number of first time homebuyers making their home purchases. Low home prices and the federal tax credit have been driving home sales.
Several deserted Fort Wayne foreclosed homes will be remodeled into apartments that will be made available to homeless people and low-income earners in Indiana. State agency grants will be used to rebuild the homes and make them habitable again.
Lawyers who represent homeowners in Florida facing various types of foreclosures, including Suntrust home foreclosures, have discovered a new way to battle plaintiffs.
The still high number of Las Vegas foreclosed homes for sale has attracted the attention of nonprofit NACA. This advocacy group has been holding foreclosure prevention sessions throughout the U.S.
A Nebraska city is set to receive federal funds to purchase foreclosed homes for sale and rehabilitate them. The grant money for the initiative will come from the Department of Economic Development in Nebraska.
The U.S. federal government's primary mortgage modification program designed to ease the problem of bank, government and Freddie Mac foreclosures is reportedly losing momentum.
The Spanish Oaks residential community and golf course has joined the long list of foreclosed homes for sale in Austin. It was reclaimed by lender Comerica Bank in a foreclosure auction.
Vacation home and federal foreclosures are the ones still in high numbers in Minnesota. The price median shot up by 9 percent to $155,000 in April partly because of second home foreclosures.
Investing in single-family and duplex foreclosures in Colorado, particularly in Colorado Springs is still workable. Foreclosure postings rose to 477 units, increasing the total of foreclosures since January to 1,688 filings.
A number of homeowners of foreclosed homes for sale have expressed concerns that some foreclosures might not be due to owners' delinquency but are due to bank errors. Premature foreclosures are allegedly happening all around the U.S. because of disorganization within banks.
Almost half of the owners of foreclosed homes for sale in Miami have reportedly skipped the mediation process which has been mandated by the state in an effort to reduce foreclosure rates.
All eyes have turned again towards Massachusetts in regard to foreclosure legislation. Earlier in the month the Massachusetts Supreme Court ruled in favor of two home owners in a foreclosure case, stating that the lender did not have the authority to foreclose.
Analysts predict that the number of bank foreclosed and government tax foreclosure properties will increase again in Scranton in 2011. They based the prediction on the rise in delinquency rates in 2010.
Lower-priced condo foreclosures have been rejuvenating the Memphis condo market. Total sales volume increased to $7 million in April in Shelby County, with 67 condo units sold.
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