Because of what happened with the homes involved in that case, the Albuquerque Bernalillo County Water Utility Authority is changing the rules. At the beginning of December Forencio Pacheco found Shaun Anaya renting out his neighbor's foreclosed home.
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It's the second year for the practice, with the county last year selling 1200 unclaimed tax-foreclosed city properties from its $500 auction back to occupants. Many were elderly and poor who got hopelessly behind on taxes, county officials said.
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Government-run Fannie Mae, Freddie Mac said Wednesday investors could now sign up to pre-qualify to bid on foreclosed properties.
www.cnbc.com/.../Investors_Can_Sign_Up_to_Bid_on_Forecl...

Pat Quinn announced a pilot program targeting vacant and foreclosed properties in six Cook County communities. Called the Illinois Building Blocks Pilot ...
www.iarbuzz.com/.../pilot-program-targets-vacant-foreclosed-...

By Kevin Chiu The bulk sale of foreclosed Fannie Mae homes to private equity firms will place foreclosures right back into the very hands of some of the banks and investors which triggered the foreclosure crisis by manipulating financial markets.
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Nonjudicial foreclosure means a lender can take a house in foreclosure legally without going before a judge – considered cheaper, quicker and moving foreclosed homes back into the marketplace sooner. Passions are high on both sides of the debate in a ...
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The 1023-foot building would be the tallest in the US to be foreclosed on since the financial markets froze in 2007, according to Real Capital Analytics Inc., a New York-based property research company. Boston's John Hancock Tower, New England's ...
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The settlement would require banks to provide billions of dollars in aid to homeowners who have lost their homes to foreclosure or who are still at risk, after years of failed attempts by the White House and other government officials to alter the ...
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The first phase is in Chicago but we have a hell of a lot of foreclosures so this program will be big in California. Feds want to help turn foreclosed.
www.city-data.com/.../1486826-feds-want-help-turn-foreclose...