Bank foreclosures listings continue to hit commercial properties in South Florida. Recent commercial foreclosure actions were targeted against the Century Grand residential and commercial project in Doral and a commercial property in South Beach.
Bank owned foreclosures declined in Tulsa in January 2011 compared with December 2010. However, year-over-year comparison showed an almost 3% increase.
Bank foreclosures listings in the San Francisco Bay Area slowed as more loan modifications were negotiated with lenders, but defaults continued to increase. More than 5,600 Bay Area households received foreclosure actions in October.
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