A man who pretended to help homeowners who were about to lose their properties to Philadelphia home auctions had been charged for supposed mortgage-related fraudulent activities.
Many first-time homebuyers are expected to flock to foreclosures auctions scheduled to be held in Florida next week. A high number of buyers are expected as the federal tax credit is set to expire.
Chicago recorded higher number of foreclosures in 2010 compared with the previous year. According to real estate brokers, a big percentage of houses for sale in the city was foreclosed or distressed.
Buying foreclosed houses in NSP-funded cities and counties such as Chicago, Phoenix and Los Angeles could be advantageous for two types of buyers: low-income families and investors looking for cheaper properties with the greatest potential for price appreciation.
The true costs of San Francisco cheap homes in the suburbs can turn out higher if the costs of transportation are added to the total housing costs. The median price for homes in the area rose by 3 percent to $750,000 in the February.
A rising number of newbies have been participating in auctions of homes included in foreclosure listings due to falling home prices and bid price levels.
Home buyers on a limited budget often participate in foreclosed homes auctions to get bargain homes that are well suited to their budgets. The only crux to buying distressed property at auction is the buyer's inability to conduct a home inspection
Properties offered at bank foreclosure auctions are expected to rise in the coming quarters as more homeowners fail to pay their mortgage in time, particularly among Northeastern states.
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.
Big discounts are waiting for prospective buyers of Fannie Mae homes for sale in Massachusetts. Foreclosures in Massachusetts were sold at an average price discount of 33.4 percent in the first quarter.
Florida authorities have reported that they are still receiving complaints against firms specialized in helping homeowners stop foreclosure. One of the most common complaints was upfront fees.
Qualified low income families in Texas who plan on buying homes, including Fannie Mae homes for sale, can get assistance from Enterprise Community Partners Inc. The organization has been allocated funds by the Texas Department of Housing and Community Affairs.
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.
If you are just starting in foreclosure investing, foreclosure auctions are the perfect place for you to find great deals. You just need to know what goes on inside to appreciate such events.
Commercial properties and residential property foreclosures surged in Columbus last year. The metro area recorded the highest foreclosure rate in Ohio in 2010.
Short sales have been helping trim down lender foreclosures in New York City. The percentage of distressed sales in a number of areas of the city spiked in the first quarter to around 20 to 40 percent of total home sales.
Local news groups have reported that not all homes under San Antonio foreclosure auctions are caused by defaulting on mortgage payments. A report indicated that some foreclosures are caused by homeowners not being able to pay their HOA dues.
Flipping property gets more profitable in Colorado as foreclosure activity in the state slows down. In May, foreclosure postings dropped over the month by more than 24 percent to 4,843 filings.
Foreclosure condo auction and foreclosed homes continue to rise in Las Vegas. This led to lower apartment vacancy rates as people chose to rent instead of buy.
Homes repossessed through Boston foreclosure auctions are being bought by BCC to help families stay in their homes. The foreclosed-upon families sign a new mortgage and make lower monthly loan payments.
A retail property might soon be part of Charlotte foreclosure auctions. Owners of the EpiCentre retail and entertainment property have filed for Chapter 11 bankruptcy protection.
Foreclosure filings for commercial properties reached the $1 billion mark in the Fort Worth and Dallas areas. Sheriff Sales are also a big part of the two cities' foreclosure market for April 2010.
Arizona ranked high among U.S. states in terms of economic stress for the month of June 2010 despite declining numbers of repossessed houses and foreclosure rates. The state ranked fifth.
Fannie Mae foreclosed homes are now to be sold again in Florida. The U.S. government-sponsored enterprise has given the go signal after almost three months of suspension.
Bronx pre foreclosures contributed to the surge in New York City foreclosures in the first quarter. Almost 5,000 residential units in the city were in the foreclosure process during the quarter. Bronx foreclosures, meanwhile, dropped month-over-month but rose year-over-year.
Sheriff Sales and foreclosure sales declined in Illinois in 2010. Analysts are considering the effect of a tax hike on an industry experiencing sales declines.
Tax lien investors in Jacksonville can file to convert tax liens into tax lien home foreclosures just two years from April 1 of the year they bought the liens.
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