Category Archives: Foreclosure News

Foreclosures reach lowest level since 2007

There is finally good news in the housing market. Real estate research firm RealtyTrac reports that the number of default notices, scheduled auctions, and bank repossessions fell 5 percent from March to April of this year. The year over year numbers … Continue reading

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Bank of America Paying to Have Foreclosures Destroyed

Bank of America is taking a new approach to dealing with their unsellable foreclosed home inventory.  In Cleveland, Detroit and Chicago, the lender is donating homes and paying local agencies to demolish them.  They plan to roll the program out … Continue reading

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Foreclosure News Roundup – Mon. July 18th

Help Is On The Way To Those Who Face Forclosure Patch.com Eligible homeowners, in danger of foreclosure due to loss of job, can qualify for up to $50000 in emergency federal loans to avoid foreclosure. The deadline to apply is July 22… … Continue reading

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$36.7 million in lawn care

If you’re Fannie Mae, the nation’s largest owner of foreclosed homes with more than 153,000 on the books, this is just the bill to keep the lawn mowed this year – at least according to a rough calculation done by … Continue reading

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Foreclosure News Roundup

Slow news week so far with existing home sales and new home starts data coming out later in the week.  In the mean time, check out what we’re reading this week. Q&A: Purchasing foreclosures Baltimore Sun (blog) When it’s a foreclosure the questions … Continue reading

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