The 1.2 acre, 3,000-sq.ft. beachside four-bedroom home of Bernie Madoff was recently bought by real estate CEO Steve Roth, former chairman of Vornado Realty Trust.
Missouri's Attorney General has announced that there will be no moratorium on bank foreclosures in Kansas City and the whole state, stating that such an action will harm the area's economy.
The drop in Nevada foreclosures in May and the rise in home sales in June are raising hopes of recovery in the state. Foreclosure filings decreased by almost 12 percent to 14,346 postings in May.
Prices of residential properties, including BofA foreclosure homes, continue to decline in several areas of Michigan. October home sales data showed a decline of over twenty percent.
Failed Alabama-based bank Colonial BancGroup has been acquired by BB&T Corp. Commercial property foreclosures in Florida and Nevada decimated the bank's funds.
Print This Article
Add To Favorites