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.
Amid the high number of bank owned home foreclosures in Virginia, goodwill is shown by Chase after the bank expressed an intention to reverse foreclosure on one of the area's families.
The case of the Marriott family of Navarro County ended with prison sentences. The family was involved in fraudulent mortgage activities resulting in several mobile homes foreclosures.
A jump in residential property sales has been recorded for the first four months of 2010 in York County, Pennsylvania. The numbers are comprised of both foreclosure home sales and regular dwelling sales.
The record pace of Dallas foreclosures put the metro area on top of the foreclosure rate chart in Texas in the first quarter. A total of 13,637 foreclosure filings were posted in the area, equivalent to one filing for every 176 homes.
Foreclosed homes listings remain high in most U.S. areas, but the home construction market was able to hold its own. House building activities rose in December.
Home prices are expected to rise further as the number of Memphis bank owned homes fell in May. Foreclosure filings in Memphis dropped to 1,547, down by 12 percent from April and by 3.6 percent from May 2009.
Bank owned home foreclosures in Springfield, Massachusetts soared by nearly 77 percent in January this year. The unemployment rate in the city in December hit 13.2 percent, a sharp rise from the November rate of 11.8 percent.
Sales of bank owned residential properties are expected to rise in 2011 as more foreclosures happened in Springfield in 2010. Foreclosures were up by over 18%.
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