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.
Investing in both tax lien sales and foreclosure sales in Miami-Dade County is profitable and viable because of available inventories and low prices. In the first six months this year, there were 34,500 foreclosure filings in Miami-Dade and in other...
Some realtors in California have argued that the moratorium on foreclosure sales has created market uncertainty, particularly among buyers, instead of providing foreclosure help.
Home foreclosures in Detroit are contributing to the redefinition of the vision for Detroit. City Mayor Dave Bing, accepting the diminishing population of Detroit due to unemployment and foreclosures, has been promoting a more manageable city that has prospects for rising again.
Sales of distressed residential properties and mobile foreclosure homes are up in the second quarter of 2010 in most areas of Pennsylvania. However, they account for less in overall sales.
Fed Chairman Bernanke testified before Congress on Tuesday, saying that the recession would end in 2009 as long as the credit markets continue to improve and the problem of foreclosed homes continue to be resolved.
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