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Foreclosures Bank Owned News

  • Foreclosures driving down property values Sunday, September 5, 2010 @ 8:38AMRomy Fernando wants to sell his house in Grant so he and his wife can move to a condo in Orlando, closer to their son. But he has lots of competition, including 18 short sales or foreclosures listed in his neighborhood.
  • Hume on his race for re-election Sunday, September 5, 2010 @ 12:24AMEditor’s note: This is the first story in a series of profiles about the candidates running for the Elk Grove City Council in the November election. Pat Hume said he is not the mayor’s protégé. He also said he is not “a developer stooge,” or a force for great change. But he does have a thick skin.
  • Market for single-family homes showing signs of life Saturday, September 4, 2010 @ 10:26PMThomas and Laura Fabricio, newlywed lawyers, say prices have sagged since they began looking for a starter home last year. As a result, they say, once-too-pricey neighborhoods opened up and descended right into their price bracket -- $200,000, give or take.
  • Bonds give Obama support Saturday, September 4, 2010 @ 11:09AMThe bond market is giving President Obama the green light to spend more money to boost the faltering economy. While the government has increased the amount of marketable Treasuries by 70 percent to $8.18 trillion the past two years, rising...
  • Real Estate: Communities to get first shot at foreclosed homes Friday, September 3, 2010 @ 3:58PMWASHINGTON - Major mortgage lenders will now give state and local governments the right to buy foreclosed properties before they go on the market, giving them "a leg up" on speculators who have often thwarted local redevelopment efforts, Housing Secretary Shaun Donovan announced Wednesday.
  • $20 million foreclosure hits the market Friday, September 3, 2010 @ 3:26PMA years-long construction project flirting with loan defaults finally reverted to the bank and is now listed as a foreclosure in Laguna Beach. The massive property turned up in public notices late February 2009 owing $15,137,411.73. The property -...
  • Foreclosures' social consequences eyed Friday, September 3, 2010 @ 7:12AMWASHINGTON — Children could be prevented from realizing their potential in school and eventua
  • Go Invest Wisely: A Business Proposal That Turned Out to Be Anything But Wise Friday, September 3, 2010 @ 4:09AMThis week, housing experts headed to the Federal Reserve in Washington DC to talk about foreclosures and what happens to the vacant houses left behind. One of the issues discussed was what to do with properties bought by investors from out-of-state and sometimes even another country.
  • Tropicana Apartments sell for $4.1 million Friday, September 3, 2010 @ 3:43AMLIVE OAK -- Tropicana Apartments, a 37-unit apartment complex in Live Oak, sold Tuesday for $4.125 million, $130,000 over the original asking price.
  • Too Big To Fail Global Banks Will Collapse Thursday, September 2, 2010 @ 10:59PMReaders of my articles will recall that I have warned as far back as December 2006, that the global banks will collapse when the Financial Tsunami hits the global economy in 2007. And as they say, the rest is history.
  • Woman Charged Again for Foreclosure Vandalism of Mansion Tuesday, August 31, 2010 @ 9:38PMShe's accused of stealing over $1 million worth of fixtures from a repossessed Olivehain manor.
  • A Foreclosure Crisis For A Company in Charge of Dozens of Hartford Properties Tuesday, August 31, 2010 @ 9:23PMOne of the rental properties owned by Martin Carlin, whose many Hartford properties are under foreclosure. Martin Carlin — the Connecticut real estate investor — has big problems on his hands.
  • Apartments Foreclosed, Renters Future Uncertain Tuesday, August 31, 2010 @ 5:45PMAlmost two years since the housing market tanked and things don't look much better for some folks in Rigby.
  • Greeley and Evans home sales hold steady Sunday, August 29, 2010 @ 2:10AMSource: Information and Real Estate Services July regional snapshot. Sales are of single-family homes only. Last week, national news on plunging home sales rattled the markets.
  • Banks' self-dealing super-charged financial crisis Saturday, August 28, 2010 @ 9:17PMFaced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses: They created fake demand.
  • Community National Bank bought out Saturday, August 28, 2010 @ 9:15AMThe former bank lobby of Community National Bank, Monday, could have easily been confused with a party site.
  • Survival Skills Friday, August 27, 2010 @ 3:48PMDespite July 2010’s rank as the lowest home sales month since February – and despite recent news that existing home sales plummeted to a 1...
  • Local News Friday, August 27, 2010 @ 10:29AMThe Daily World Authorities reported a caretaker interrupted two intruders in a rural Elma home Monday and chased the pair off before they could put their clothes back on. Grays Harbor Undersheriff Rick Scott said a woman went to check on a neighboring home just before 8 a.m. Monday when she...
  • Bulk buyer's condo coup busts small-time investors Thursday, August 26, 2010 @ 10:29PMBulk buyer's condo coup busts small-time investors
  • Author: Successful Negotiation Hinges on Tone, Language, Word Choice Thursday, August 26, 2010 @ 8:26PMListen to the Audio Robert Mnookin, author of "Bargaining with the Devil," speaks with economics correspondent Paul Solman about the rewards and challenges of negotiations. JIM LEHRER: Finally tonight, NewsHour economics correspondent Paul Solman reports on the art of doing a difficult negotiation during tough economic times. That's part of his ongoing reporting on Making Sense of financial news ...
  • Nearly 50 percent leave Obama mortgage-aid program Saturday, August 21, 2010 @ 1:49AMWASHINGTON -- Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. Business - United States - Foreclosure - Mortgages - Financial Services
  • Nearly 50 percent leave Obama mortgage-aid program Saturday, August 21, 2010 @ 1:49AMWASHINGTON -- Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out.
  • Real estate news briefs Saturday, August 21, 2010 @ 1:07AMPORTSMOUTH — Pro Con Inc. recently completed the 10,000-square-foot Portsmouth Harbor Events and Conference Center at 100 Portwalk Place.
  • Nearly 50 percent leave mortgage-aid program Saturday, August 21, 2010 @ 1:04AMMore than 2.3 million homes have fallen into foreclosure since December of 2007.
  • Mortgage defaults among Florida's high-value loans highest in U.S. Friday, August 20, 2010 @ 8:10PMBy Becky Bowers, Times Staff Writer Friday, August 20, 2010 This Snell Isle Shores home was custom built for $2.4 million in 2007. After a short sale to avoid foreclosure, it was bought in May for $1.13 million. ST. PETERSBURG — Five years ago, Florida's real estate market was a rollicking beachfront casino where you couldn't make a bad bet. The reckoning hit high-rollers harder than anyone. Now ...
  • Mortgage defaults among Florida's high-value loans highest in U.S. Friday, August 20, 2010 @ 7:58PMBy Becky Bowers, Times Staff Writer Friday, August 20, 2010 ST. PETERSBURG — Five years ago, Florida's real estate market was a rollicking beachfront casino where you couldn't make a bad bet. The reckoning hit high-rollers harder than anyone. Now home loans over $1 million are failing at a higher rate than the rest, and nowhere is that failure as severe as in Florida. Case in point: A squat ...
  • Nearly 50 percent leave Obama mortgage-aid program Friday, August 20, 2010 @ 5:43PMNearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. Presidency of Barack Obama - President - Foreclosure - United States - Barack Obama
  • Nearly 50 percent leave Obama mortgage-aid program Friday, August 20, 2010 @ 5:20PMReed Saxon FILE - In this file photo taken July 21, 2010, a "bank owned" sign is seen on a home that is listed as a foreclosure on a HUD website, in Hawthorne, Calif. Nearly half of the homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out.
  • Miami Gardens candidates downplay their personal financial troubles Monday, August 16, 2010 @ 9:49PMSeveral of the candidates running for Miami Gardens council seats have a trail of financial trouble -- with Miami-Dade court documents showing a history of tax liens, foreclosures and bankruptcy. Seven candidates are running for three seats in the Aug. 24 election.
  • Commonwealth Bankshares Inc. Reports Operating Results (10-Q) Monday, August 16, 2010 @ 3:43PMBy 10qk. Commonwealth Bankshares Inc. ( CWBS ) filed Quarterly Report for the period ended 2010-06-30. Read more » »
  • Three seeking GOP nod for Manatee commission Saturday, August 14, 2010 @ 11:02PMCounty Commission District 4, which spans from Tallevast to Sarasota Bay, includes several
  • Upside-Down? Go Short Saturday, August 14, 2010 @ 6:14PMIn San Diego’s hemorrhaging real estate industry, it’s better to be upside-down and rich than upside-down and poor. That may sound axiomatic — it’s always nicer to be rich than poor — but carriage-trade folks whose homes are underwater can work the system more easily than poor folks in the same sorry situation.
  • Four more bank-owned foreclosures reported for Milpitas in mid-July Saturday, August 14, 2010 @ 5:37AMDate in each foreclosure below is the recorded date of the deed when the lender took "title to" the property (not necessarily possession of), since the former owners may not have moved out yet. The price is what the lender paid for it (usually the mortgage balance plus foreclosure fees).
  • Our CEOs may get an unreal dose of reality Friday, August 13, 2010 @ 11:22PMA local version of a popular overseas show may hit screens soon.
  • Bank repossessions up 38 percent nationwide in second quarter compared to last year, study says Friday, August 13, 2010 @ 3:31PMBank repossessions were up 38 percent in the second quarter nationwide compared to the same quarter last year, a report released today says.
  • July Foreclosure Rate: Homes Lost Up 6 Percent From Last Year Thursday, August 12, 2010 @ 5:54AMWhat's Your Reaction? PMZ Real Estate Agent Michelle Zeiter, left, walks into a bank owned home she is showing to clients Maurice McJimsey, center, and Irene Mello in Stockton, Calif.,
  • Economic free fall leaves Georgians trying to stay on their feet Thursday, August 12, 2010 @ 4:43AMEconomic free fall leaves Georgians trying to stay on their feet
  • Auction of Bank Owned Assets throughout Texas Presented by Higgenbotham Auctioneers Thursday, August 12, 2010 @ 2:05AMHiggenbotham Auctioneers International announced recently that a regional Texas lender has engaged them to liquidate a portfolio of bank owned assets throughout Texas September 14 through 16, 2010.
  • Foreclosure Crisis Spreads Across U.S. as Idaho Defaults Mount Wednesday, August 11, 2010 @ 11:50PMNan Holmes, a senior escrow officer at a title insurer, says her insider’s view of the local market gave her the confidence three years ago to pay $370,000 for a new home in Boise, Idaho. She got a price she liked from the builder and 100 percent bank financing.
  • Foreclosure Activity Increases 4 Percent in July According to RealtyTrac(R) U.S. Foreclosure Market Report Wednesday, August 11, 2010 @ 11:08PMConflicting Trends Continue: Fewer Initial Defaults, More Bank Repossessions
  • Foreclosure Activity Increases 4 Percent in July According to RealtyTrac(R) U.S. Foreclosure Market Report Wednesday, August 11, 2010 @ 11:00PMIRVINE, CA--(Marketwire - 08/12/10) - RealtyTrac ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report for July 2010, which shows that foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 325,229 properties in July, a nearly 4 percent increase ...
  • Long-feared foreclosure wave has begun in area Wednesday, August 11, 2010 @ 10:09PMTotal filings in the three-county region jumped to 3,349 during July, a 40 percent increase from a month earlier and a 10.6 percent increase from July 2009.
  • Foreclosures Dip 5% in First Half of Year Tuesday, August 10, 2010 @ 4:53PMForeclosureListingsNationwide.com, a leading provider of foreclosure listings and foreclosure investment information, announced a nationwide 5% decrease in foreclosure properties over the past six months.
  • Realogy Reports Results for Second Quarter 2010 Tuesday, August 10, 2010 @ 12:02PMReal Estate Leader Posts 23% Higher Net Revenue of $1.3 Billion
  • Realogy Reports Results for Second Quarter 2010 Tuesday, August 10, 2010 @ 11:59AMPARSIPPANY, NJ--(Marketwire - 08/10/10) - Realogy Corporation, a global leader in real estate and relocation services, today reported results for the second quarter ended June 30, 2010. Realogy's net revenue for the second quarter of $1.3 billion increased 23% compared to the same period in 2009. For the latest quarter, Realogy recorded net income attributable to the Company of $222 million ...
  • Orlando home sales prices dip for first time this year Tuesday, August 10, 2010 @ 11:03AMOrlando's existing home prices took their first dip of the year, dropping about 4 percent from June to July, according to the Orlando Regional Realtor Association.
  • Moody’s Analytics Announces Availability of RealtyTrac Foreclosure Data Service Tuesday, August 10, 2010 @ 9:43AMNEW YORK--(BUSINESS WIRE)--Moody’s Analytics announced the immediate availability of RealtyTrac Foreclosure Data, a service drawing on the extensive foreclosure, property, loan and home sales data from RealtyTrac.
  • Moody's Analytics Announces Availability of RealtyTrac Foreclosure Data Service Tuesday, August 10, 2010 @ 9:33AMNEW YORK----Moody’s Analytics, a leading independent provider of economic forecasting and credit risk services, today announced the immediate availability of RealtyTrac Foreclosure Data, a service drawing on the extensive foreclosure, property, loan and home sales data from RealtyTrac, the leading online marketplace of foreclosure information.
  • Life is very short, and there's no time for fussing and fighting, my friends: Tuesday, August 10, 2010 @ 7:50AM- Project on Freezer Queen site reported as trying to lure HSBC, Phillips Lytle - Phil Fairbanks/The Buffalo News Buffalo's undeveloped outer harbor could become the home of a $300 million office, retail and hotel project if the owners succeed in landing a major corporate tenant.
  • Communities race to commit HUD grants for neighborhoods Tuesday, August 10, 2010 @ 7:33AMWhen Wayne County earmarked the last of its federal Neighborhood Stabilization Program dollars, it marked a milestone for Wayne County Chief Development Officer Turkia Mullin.