Foreclosed Properties

Smart Moves: Foreclosed homes may need extensive repairs

January 28,2012 02:35 AM
Smart Moves by Ellen James Martin: Homebuyers are advised to be especially wary of any foreclosed property that's stood vacant for more than a few weeks, had its utilities shut off for a lengthy time, or is more than 50 years old.
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Hempstead families facing foreclosure, officials to reclaim vacant homes Jan. 28

January 27,2012 10:54 PM
NY Communities for Change members and Hempstead homeowners will march through Carolina Ave in Hempstead – one of the villages most affected by foreclosures in the New York State – at noon on Saturday to symbolically re-claim vacant homes for the ...
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Foreclosed home sales fall in 3rd quarter

January 27,2012 10:54 PM
By JAMES MOSHER Sales of foreclosed homes in New London and Windham counties fell in the third quarter last year, a sign that the housing market may be righting itself, a local analyst said. New London County foreclosure sales were down 25.71 percent ...
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Sales of foreclosed homes plunge in Martin, St. Lucie » TCPalm ...

January 27,2012 08:32 PM
Sales of homes in foreclosure dropped significantly in Martin and St. Lucie counties in the third quarter of 2011, but not in Indian River County, RealtyTrac's latest ...
m.tcpalm.com/.../sales-of-foreclosed-homes-plunge-in-martin-...

Foreclosures Making Up Smaller Slice Of Total US Homes Sold

January 27,2012 08:08 PM
By ALEX VEIGA 01/26/12 12:21 AM ET AP LOS ANGELES -- Foreclosures made up a smaller slice of all US homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed. Despite the decline, foreclosures still ...
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White House expands foreclosure prevention program

January 27,2012 04:12 PM
The program, known as the Home Affordable Modification Program, seeks to help struggling homeowners avoid foreclosure by allowing them to reduce monthly loan payments and, at times, reduce the amount they owe on their loan.
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Hempstead families facing foreclosure, officials to reclaim vacant homes Jan. 28

January 27,2012 04:12 PM
The march will highlight the devastating effects foreclosed homes have on neighborhoods like Hempstead, and why it is better for community members to have control of those properties. Marchers will demand that banks stop foreclosing on families and ...
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Mortgage modification program expanded to investors, others

January 27,2012 04:12 PM
Previously, only owner-occupants were eligible for loan modifications under the government's plan, but officials said they decided to take this step because foreclosed rental properties were having a particularly detrimental effect on low- and ...
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Chicago Tribune

SPCA rescues 2 kittens from foreclosed home

January 27,2012 04:12 PM
A former Warminster couple is facing animal cruelty charges after moving out of their foreclosed home but leaving behind two cats without food or water for at least a month, according to the Bucks County SPCA. The SPCA removed the cats, ...
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Raging against the foreclosure machine

January 27,2012 12:40 PM
Following tactics by Occupy Wall Street demonstrators in Seattle, Portland and Oakland, protesters across the country are staging “Occupy Homes” actions nationally to try to stop foreclosures. Don Ryan/AP William and wife Ann Allen in front of the home ...
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Sat, 28 Jan 2012 08:40:02 GMT

Woodlander pleads guilty to bid rigging
Daily Democrat
By Democrat staff A Woodland real estate investor pleaded guilty in federal court Friday to conspiring to rig bids and commit mail fraud at public real estate foreclosure actions. According to a news release from US Attorney Benjamin B. Wagner, ...

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Sat, 28 Jan 2012 06:49:14 GMT

Home prices stuck in the doldrums; volume sold, built not rising either
Modesto Bee
Job losses in construction, finance and other real estate-related businesses quickly mounted. Mortgage defaults followed, and soon the region was awash in foreclosures. Demand for new homes disappeared as homeowners lost their equity and struggled to ...

Sat, 28 Jan 2012 06:07:09 GMT

Smart Moves: Foreclosed homes may need extensive repairs
NewsOK.com
Smart Moves by Ellen James Martin: Homebuyers are advised to be especially wary of any foreclosed property that's stood vacant for more than a few weeks, had its utilities shut off for a lengthy time, or is more than 50 years old.

Sat, 28 Jan 2012 05:18:42 GMT

Romney at the Retail Level
The Weekly Standard
"Do you realize that one-quarter of all foreclosed homes in America are in Florida?” Mitt Romney asked the crowd gathered in the front yard of one such home outside of Fort Myers. “We know! We know!” a woman yelled back. “Housing has become a mess in ...

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Sat, 28 Jan 2012 05:14:57 GMT

Obama's housing initiatives face significant hurdles
The Seattle Times
Jed Kolko, chief economist at real-estate website Trulia.com, said other potential government initiatives would "help the housing market more directly." That could include converting foreclosed homes into rentals or increasing loan modifications.

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Sat, 28 Jan 2012 05:07:09 GMT

Boston Globe

Fla. homeowners want solutions, not bickering
Boston Globe
Another 422 homes were repossessed by lenders. Even those numbers do not reveal the full extent of the housing turmoil: Hundreds of other homes along the I-4 corridor, including many in Osceola County, are part of a shadow inventory of foreclosed homes ...

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Sat, 28 Jan 2012 05:03:09 GMT

Saturday News Briefs
Central Valley Business Times
“The Department of Justice is bringing greater scrutiny to auctions of foreclosed properties as part of our effort to root out fraud in the real estate industry in all its forms,” says US Attorney Benjamin Wagner. “The days when a few players could rig ...

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