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Foreclosures Bank Owned Real Estate News

Communities Get 'First Look' at Foreclosures Saturday, September 4, 2010 @ 7:36AMPrograms offers communities advance notice on foreclosures United States - Real estate - Foreclosure - Federal Reserve System - Education
A Detailed Analysis At Projected Home Prices: A Look At Underlying Supply And Demand Forces Monday, August 30, 2010 @ 4:15PMAs everyone who has taken Introduction to Voodoo Bullshit, better known Econ 101, can attest the following chart is basically as ugly as it gets: in simple terms when you have a collapsing demand curve coupled with a surge in supply, the bottom line is that no matter how much intervention is involved, nothing can help to restore the pricing equilibrium to its old level (at least not for a long ...
PV foreclosures already matching last year’s totals Thursday, August 26, 2010 @ 12:37PMThe Palos Verdes-area housing market isn’t recovering yet and has seen the foreclosure rate continue to rise this year. Currently, there are 220 homes within the four cities in some stage of the foreclosure process.
Ellen Brown: Homeowners' Rebellion: Could 62 Million Homes Be Foreclosure-Proof? Thursday, August 19, 2010 @ 12:24PMWhile courts are not likely to let 62 million homeowners off scot-free, the defect in title created by MERS could give them significant new leverage at the bargaining table.
Buyer beware of liens on foreclosed homes Thursday, August 12, 2010 @ 6:31PMQ. I bought a foreclosed home in July 2008. I just received a letter from the county threatening to take my land due to unpaid taxes from 2006. Do I have to pay these?
Chase is target of protest over taxes Wednesday, August 11, 2010 @ 7:35AMCommunity and labor organizations demanded Tuesday that banks and private equity firms pay California counties millions in overdue real estate taxes related to corporate acquisitions stemming from the economic crisis. During a protest Tuesday afternoon at... Real estate - Private equity - Trade union - Business - California
Chase is target of protest over taxes Tuesday, August 10, 2010 @ 11:20PMCommunity and labor organizations demanded Tuesday that banks and private equity firms pay California counties millions in overdue real estate taxes related to corporate acquisitions stemming from the economic crisis. During a protest Tuesday afternoon at... Real estate - Private equity - Business - California - United States
Valley land values slide downward in second quarter Monday, August 9, 2010 @ 4:14PMValley land values continued spiraling downward in the second quarter as bank foreclosures and distressed sales battered prices, Las Vegas-based business advisory firm Applied Analysis reports.
Real Estate Double Dip Deters Buyers And Investors Monday, August 9, 2010 @ 3:00PMWhether the housing market is in another free-fall or not, just the thought of a double dip is forcing real estate investors to re-think how and where they spend their money. And maybe even if they should spend it at all.
Carolina Federal ordered to raise money or face fallout Wednesday, August 4, 2010 @ 11:18PMFederal bank regulators have ordered a financially struggling Charleston-based lender that dates back 50 years to raise capital or face potentially dire consequences.
Inventory Overflow of N.E. Foreclosures Means Lower Prices, Better Deals, More Bidders at Saturday’s REDC Foreclosure ... Thursday, July 29, 2010 @ 11:00PMFrom Newburyport to The Cape, foreclosed properties will be swept up by first-time homebuyers, investors and homebuyers looking to move into a bigger property for a lower mortgage. More than 80 foreclosures will be auctioned. Media may shoot video/photos of any property. Interviews are available.
Metro repossessions rise during 1st half of 2010 Thursday, July 29, 2010 @ 3:13AMBank repossessions in metro Detroit are up 43% for the first six months of the year as foreclosures delayed under state law last year start to work their way through the system, according to data from RealtyTrac.
Foreclosures:Santa Fe County sees a surge Thursday, July 29, 2010 @ 1:10AMGet FREE Daily Headlines by email! Home foreclosure activity has skyrocketed in Santa Fe County in the first half of 2010, according to an analysis by RealtyTrac, an online marketplace for foreclosure properties.
Foreclosures:Santa Fe County sees a surge Wednesday, July 28, 2010 @ 11:55PMGet FREE Daily Headlines by email!
75 Percent of Nation's Top Metro Areas Post Increasing Foreclosure Activity in First Half of 2010 Wednesday, July 28, 2010 @ 11:05PMNine of Top 10 Most Severely Affected Metros Post Year-Over-Year Declines in Foreclosure Activity, but Rates Remain 3 to 5 Times Higher Than National Average
75 Percent of Nation's Top Metro Areas Post Increasing Foreclosure Activity in First Half of 2010 Wednesday, July 28, 2010 @ 11:00PMIRVINE, CA--(Marketwire - 07/29/10) - RealtyTrac ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, today released its Midyear 2010 Metropolitan Foreclosure Market Report, which shows 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity even while foreclosure ...
Clifton Savings Bancorp, Inc. Announces 1st Quarter Results Wednesday, July 28, 2010 @ 12:25PMCLIFTON, N.J.----Clifton Savings Bancorp, Inc. , the holding company of Clifton Savings Bank , today announced the results of its operations for the three months ended June 30, 2010.
Village at Camp Bowie set for bankruptcy filing Wednesday, July 28, 2010 @ 11:11AMOwners of the Village at Camp Bowie say they still plan to file bankruptcy on the 23-acre, high-profile retail development shortly, despite the fact that the first mortgage loan on the property has changed hands.
County foreclosure trend far-reaching Wednesday, July 28, 2010 @ 8:12AMBy Dana Bowley
HMN Financial, Inc. Announces Second Quarter Results Thursday, July 22, 2010 @ 10:30PMROCHESTER, Minn.----HMN Financial, Inc. : Second Quarter Summary • Net loss of $7.8 million compared to net loss of $9.2 million in second quarter of 2009 • Diluted loss per common share of $2.20 compared to diluted loss per common share of $2.62 in second quarter of 2009 • Deferred tax asset valuation reserve of $8.5 million recorded in second quarter of 2010 • Income tax benefit of $1.2 ...
Hungry for homes, buyers are edged out Thursday, July 22, 2010 @ 10:12PMWhen Joel Flores learned that his girlfriend was pregnant, he decided it was time to get serious about buying his first home. After 12 years of saving up, the 38-year-old computer technician set his eye on South Florida's depressed foreclosure market, certain he could land a steal.
Republican assessor primary: Prior versus Woodruff Thursday, July 22, 2010 @ 4:13PMCounty Assessor incumbent Keren Prior faces a challenge from Natalie Woodruff in the Aug. 10 Republican primary for county assessor. The winner of the primary will face Democratic candidate Fred Uehling in the Nov. 2 general election.
Bank Mutual Corporation Reports Earnings for the Six Months Ended June 30, 2010, and the Second Quarter of 2010 Thursday, July 22, 2010 @ 3:15PMBank Mutual Corporation reported net income in the second quarter of 2010 of $731,000 or $0.02 per diluted share compared to $3.8 million or $0.08 per diluted share during the same period in the previous year. Â Net income for the six months ended June 30, 2010, was $2.8 million or $0.06 per diluted share compared to $11.0 million or $0.23 per diluted share in the same period last year. Â Net ...
Rankin Commercial Properties says the Shoe Wont Drop for Commercial Real Estate Thursday, July 22, 2010 @ 11:28AMTriangle - Rankin Commercial Properties said today the shoe won’t drop for the commercial real estate market.
BofA Mortgage Liquidations May Jump on Insurance Unit's Sale, Goodman Says Thursday, July 22, 2010 @ 10:43AMBank of America Corp. ’s plan to sell the insurance unit it acquired with Countrywide Financial Corp. may result in it liquidating properties faster after homeowners stop paying on debt underlying mortgage bonds, according to Amherst Securities Group analyst Laurie Goodman .
Huntington Bancshares Reports Second Quarter Net Income of $48.8 Million, or $0.03 Per Common Share Thursday, July 22, 2010 @ 4:50AMHuntington Bancshares Incorporated reported 2010 second quarter net income of $48.8 million, or $0.03 per common share. Â This compared with net income of $39.7 million, or $0.01 per common share, in the 2010 first quarter and a net loss of $125.1 million, or $0.40 per common share, in the year-ago quarter. Â Comparisons between quarters were impacted by several significant items .
FDIC Selling Corus Bank Loans Is Bet on Failed Condos Wednesday, July 21, 2010 @ 5:41PMDeveloper Norman Radow expected some thanks in April when he offered to repay a $35 million defaulted loan on a 32-story San Diego condominium project he had taken over, originally financed by failed Corus Bank. Instead, his new lender urged him to keep the money.
Green Bankshares Reports Second Quarter Net Income of $1,561,000 or $0.12 Per Diluted Share Wednesday, July 21, 2010 @ 4:01PMGREENEVILLE, Tenn.----Green Bankshares, Inc. , the holding company for GreenBank, today reported net income available to common shareholders of $1,561,000 for the second quarter of 2010 compared with net income available to common shareholders of $1,946,000 for the first quarter of 2010 and a net loss available to common shareholders of $151,400,000 for the second quarter of 2009.
Mortgage defaults in California at 3-year low Wednesday, July 21, 2010 @ 3:18PMThe number of default notices in the second quarter falls 43.8% compared with the same period in 2009. Meanwhile, banks step up repossession of foreclosed homes. The number of Californians entering foreclosure slid dramatically in the second quarter to a three-year low as the fallout from the worst of the housing crisis continued to abate.
Bargan prices, low interest rates prompting singles to buy homes Saturday, July 17, 2010 @ 11:06PMBargain home prices, low interest rates and the now-expired federal tax credit have combined over the last year to change the housing habits of many young singles.
Bay Area could be bucking foreclosure trend Thursday, July 15, 2010 @ 1:40PMNew data says a record number of Americans could lose their homes this year, but for once California is doing better than the rest of the nation.
Foreclosures continue to flood Washoe County market Thursday, July 15, 2010 @ 12:34PMVolatility remains the name of the game in Washoe County when it comes to foreclosure-related activity during the first half of the year.
Home Alone Thursday, July 1, 2010 @ 9:30AMThis week in our inky little print edition, I wrote about last week’s Livable Memphis presentation on Stabilizing Home Ownership in a Post-Foreclosure Environment . (I know; it's wonky, but that doesn't mean it's not important or interesting.) CBANA’s Phyllis Betts presented findings on homeownership erosion, the changing character of local neighborhoods, and the disparate impact on aspiring ...
Coldwell announces May leaders Thursday, July 1, 2010 @ 7:31AMWINTER HAVEN - Coldwell Banker Residential Real Estate has announced that, for the month of May, Mike Nolen Jr. and Irene Bryan (Can Do Team) have been named sales and listing leaders for the company's Winter Haven market.
No sales are final Thursday, July 1, 2010 @ 7:00AMFORT COLLINS — The long-anticipated foreclosure auction of The Promenade Shops retail center at Centerra on Wednesday ended with a colossal anticlimax.
Foreclosure sales in KC area remain lofty Wednesday, June 30, 2010 @ 11:05PMHome foreclosure sales in metropolitan Kansas City remained stubbornly high the first quarter of this year, led by Wyandotte County, which totaled 43.8 percent of all transactions. On average, 29.8 percent of all residential sales in the area were foreclosure homes. But that is slightly up from the 29.3 percent in the same quarter last year.
HUD ends deal allowing Cleveland to buy distressed foreclosed homes for $100 Saturday, June 26, 2010 @ 3:14AMThe federal housing agency has pulled the plug on a deal that helped keep some of Cleveland's worst foreclosed homes out of the hands of negligent owners.
International Forecaster June 2010 (#7) - Gold, Silver, Economy + More Wednesday, June 23, 2010 @ 9:59AMThe following are some snippets from the most recent issue of the International Forecaster. For the full 30 page issue, please see subscription information below.
May home sales dip as housing market struggles Tuesday, June 22, 2010 @ 2:23PMSales of previously occupied homes dip 2.2 percent despite help from federal tax credits
May home sales dip as housing market struggles Tuesday, June 22, 2010 @ 10:23AMThe housing market may be on the verge of taking another plunge that could weaken the broader economic recovery.
May home sales dip as housing market struggles Tuesday, June 22, 2010 @ 9:35AMThe housing market may be on the verge of taking another plunge that could weaken the broader economic recovery. Sales of previously occupied homes dipped in May, even though buyers could receive government tax credits. And nearly a third of sales in May were... Tax credit - Seasonally adjusted annual rate - Business - National Association of Realtors - Taxation
Housing prices nearing bottom Tuesday, June 22, 2010 @ 5:58AMST. GEORGE - Home prices in St. George continue to fall, but a new study indicates the area may soon bottom out.
Housing Is On Shaky Ground Friday, June 18, 2010 @ 4:41PMThe U.S. government launched its Home Affordable Modification Program early last year to slow the cascade of home foreclosures. While the program has fallen short of some hopes, it's had a surprising side effect: a way to compare how bank-owned loan servicing operations fare against independent
Housing Is On Shaky Ground Friday, June 18, 2010 @ 4:41PMThe U.S. government launched its Home Affordable Modification Program early last year to slow the cascade of home foreclosures. While the program has fallen short of some hopes, it's had a surprising side effect: a way to compare how bank-owned loan servicing operations fare against independent rivals.
Market Commentary and Intraday News Wednesday, June 16, 2010 @ 3:29PM(AP:DETROIT) The key to fixing Michigan's struggling economy is right in front of everybody's eyes, gubernatorial candidate Virg Bernero said Wednesday.
Governor hopeful Bernero releases economic plan Wednesday, June 16, 2010 @ 8:08AMLansing Mayor Virg Bernero unveils his economic plan outside the closed-down Chrysler ThyssenKrupp Budd Plant in Detroit , Wednesday, June 16 , 2010. The Democratic gubernatorial candidate unveiled an economic plan he says will bring back jobs to Michigan and improve the state's struggling economy. His plan includes reforming the state's tax structure to reward job creation; transforming former ...
Report: Foreclosure filings in Manatee, Sarasota dropping Wednesday, June 9, 2010 @ 10:57PMBRADENTON — Manatee and Sarasota counties continue to be a hot spot for foreclosure activity, according to nationwide figures released today, but numbers appear to be turning around.
Residential development showing flicker of life Sunday, June 6, 2010 @ 3:29AMWhen Joseph Anfuso came to work for Florsheim Homes in Stockton in October 2006, he saw early signs of a housing industry on the verge of its breaking point.
Short-sale torrent hasn't arrived in SW Florida Thursday, May 13, 2010 @ 5:00AMFilings drop sharply in April, but high end is a question mark
Tax credit’s effect peters out, pointing to a lull in housing sales Thursday, May 13, 2010 @ 4:02AMWith federal incentives for homebuyers set to expire, experts had expected a spike in Southern Nevada home sales last month. When they took a dive instead, some read it as a sign of things to come.