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Repo Homes for Sale Dominate the Market in Alabama
The number of repo homes for sale continues to rise in Alabama. According to a study, most foreclosures happened on modestly priced houses. " The growing foreclosure crisis in the country has spread to the Alabama...New York Communities Clean Bank Foreclosure Homes
Several communities in New York are forced to clean and maintain the growing number of bank foreclosure homes to prevent them from becoming blights in neighborhoods. These communities are paying for the cost of maintaining the foreclosed homes, hoping to be reimbursed once...
Expected Rise in New Jersey Foreclosed Homes Due to Tax Hikes
Owners of waterfront homes in New Jersey were unhappy about the increase in their property taxes. Industry experts said that with the current economic downturn and the tax hike, the number of foreclosed homes in the area would surely increase. " In the current economic... Bargain Rental Properties on Bank Foreclosure Listing
An increasing number of investors are finding sweet deals on rental properties on bank foreclosure listing in Oregon. But despite the bargain-priced properties, only a few investors are brave enough to take the plunge in the foreclosure market."Bargain-priced rental...Economists: Unemployment to Boost Number of Foreclosed Homes
Bankers and economists are unanimous in saying that the growing unemployment rate will overtake subprime loans as the major factor that will boost the number of foreclosed homes across the country. They are expecting foreclosures brought by unemployment to be more complicated...Project: Buy on Foreclosed Homes List, Fix, Sell to Veterans
A nonprofit organization has launched a project that aims to purchase on foreclosed homes list, rehabilitate and sell them to disabled veterans. The two individuals responsible for the project said that this is their way to help the federal government alleviate the effects of...Obama Considering Foreclosed Home Prevention Aid
The Obama administration is considering at least two options to help more homeowners under its foreclosed home prevention program. The options include loan forbearance and rental agreement. " Because of continued pressure on the Obama administration to step up its foreclosed...Lenders Responsible for Bank Foreclosure Property Maintenance
Industry experts on New Jersey believe that banks should be responsible for the upkeep and maintenance of a bank foreclosure property. The maintenance includes cleaning and preparing the foreclosed home for marketing. " When a bank foreclosure property is neglected, neighbors...City Pressured to Ease Fines on Bank Owned Foreclosure
A California city's measure requiring lenders to maintain bank owned foreclosure is receiving flak from critics. The city is being pressured to lower fines and penalties and give lending institutions more time to repair and improve foreclosed properties. " The city of Chula...Foreclosed New Homes Are Being Sold Aggressively in Marin
The Consolidated Credit Counseling Services Inc. will help South Florida stem the tide of repossession homes in the region. The agency will provide housing and foreclosure avoidance counseling to distressed homeowners in South Florida. " Foreclosed new homes and other...Making Owners Responsible for Bank Foreclosure Property
A city in South Florida wants owners to be responsible for maintaining bank foreclosure property. City commissioners are scheduled to vote on a law that takes aim on property owners who do not keep abandoned and vacant properties up to code. " City commissioners of Fort... Habitat for Humanity Restores Foreclosed Homes for Sales
A program to acquire and fix foreclosed homes for sales in a foreclosure-battered neighborhood of Menlo Park has been launched by Habitat for Humanity’s San Francisco chapter. The restored homes will be sold to families earning between 40 and 60 percent of Belle Haven’s... Fannie Mae Lost $23.2 Billion Due to Foreclosure Homes
Fannie Mae lost $23.2 billion due to large numbers of foreclosure homes that it had guaranteed. It has asked for billions more in funding from the U.S. Treasury. " Fannie Mae, one of the two government-controlled...Short Sales and Foreclosed Homes Haunt Former Owners
A rising number of holders of first and second mortgages are going after former owners of houses sold in short sales and previous owners of sold foreclosed homes to collect unpaid balances. " Many former owners of...Foreclosed Homes Push Down S&P Price Index for Cities
Economists see some positive signs in the slowed down decline of the Standard & Poor’s/Case-Shiller home price index for 20 large cities in February, although home prices in some cities are still battered by...
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