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Banks accused of Hoarding Foreclosures

Recent housing surveys are showing an uptick in home prices, particularly in cities in warm-weather “sand states” that had been hard-hit during the housing slump, such as in Phoenix, Las Vegas, Miami… View »

Cities Wrestle With How to Handle Abandoned Homes 1 Comment

Some cities that have seen population decreases, high foreclosures, and job losses are faced with the problem of what to do with the abandoned homes that were left behind.  After all, it takes m… View »

Signs of the Pending ‘Foreclosure Wave’ Emerge

Foreclosure filings — which include default notices, scheduled auctions, and bank repossessions — soared 9 percent in May from the previous month, RealtyTrac reports. The pick-up in foreclosures for… View »

Bank of America tries home rental program

It lets some distressed property owners become tenants rather than be evicted. Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed homeowners are… View »

Fed Report: Mortgage Mess NOT an Inside Job

A paper just published by The Federal Reserve Bank of Boston is bound to generate a lot of comment both inside and outside of the mortgage industry.  Titled Why Did so Many People… View »

Flood of Foreclosures To Hit The Housing Market

The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved. The settlement, agreed to by the nation's five largest mortgage… View »

Falling Home Prices Are Good for Foreclosure Service Industries and Investors

When most people examine the current real estate market a few things become apparent. First and foremost, there has been a significant decline in home prices since 2006. Second, the foreclosure… View »

Foreclosures Are Expected To Pick Up Surge in REO homes

Foreclosures are expected to pick-up as soon as banks begin to clear their backlog of troubled loans. RealtyTrac is projecting a 25 percent increase in foreclosures in 2012.  If an increase do… View »

Foreclosure Investors Prepare to turn Foreclosure Properties into Rentals 1 Comment

As the real estate market continues on, hobbled by far too many foreclosure listings on the market without enough qualified buyers to buy them, many foreclosure investors are getting excited about t… View »

Federal Approach to Foreclosure-Into-Rental Plan Has Copycat in New Jersey

Sometimes good ideas are copied by others – which is not necessarily a bad idea. In this case, the federal government's plan to convert thousands of government foreclosures into rental properties&n… View »

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