BiggerPockets Bulletin » Foreclosures

Investors Fade While Short Sales Soar - UPI.com

Time to buy REO properties! Check out these stats!

Tagged as: reo, forclosures, bank owned

The new flipping: short sales | HeraldTribune.com

Untold millions of dollars that banks could have recovered from the sale of distressed Florida homes have instead been pocketed as profits by a new breed of property flipper.These flippers target houses on the verge of

Tagged as: short, sales, flipping, investors, sarasota

Foreclosure and Short Sale Taxes -

Home sellers' tax obligations on foreclosures and short sales. Distressed sale tax consequences. Sellers might owe taxes even when taking a loss and letting homes go into foreclosure or selling on a short sale.

Tagged as: taxes, foreclosure, short sales, gain or loss, irs

Wachovia offers cash to spur homeowners into 'short sales'

TradingMarkets News for WB - Wachovia offers cash to spur homeowners into 'short sales': Lender quietly giving $2,500 or more in incentives to avoid foreclosure...

Tagged as: WB

Struggling Homeowners Can Stay in Their Homes as Renters

With foreclosures continuing to mount, housing finance giant Fannie Mae has introduced a fresh approach to keeping struggling borrowers in their homes: turning them into tenants. Fannie Mae--which, along with Freddie Mac, owns or guarantees nearly...

Tagged as: foreclosed properties, property manager, Top Stories, U.S. News & World Report, fannie mae

Upscale foreclosures rise in Lee County

BP's own Jeff Tumbarello is quoted in this article about higher-end foreclosures coming to market in SW Florida.

Tagged as: Southwest Florida, Fort Myers

Goldman now seizing homes subprime mortgages bought

When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages.

Tagged as: Goldman now seizing homes subprime mortgages bought

Foreclosure Hot Spots Spread to Idaho and Utah

Foreclosures fell in five of the top ten markets for distressed sales during the third quarter, but new foreclosure hot spots cropped up in unlikely Western markets....

Tagged as: utah foreclosures, idaho foreclosures

Report Sheds Light on Why Homeowners Walk Away

When do borrowers walk away from their homes? More often, it's when the bank can't go after them.

Tagged as: mortgage default

Detroit house auction flops for urban wasteland

In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded.

Tagged as: Wayne County treasurer, lots for sale, tax collectors, Detroit Free Press, Berry Gordy, U.S. National, reuters

Is the Housing Market About to Get Even Uglier? - WSJ.com

Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure.

Tagged as: mortgages foreclosure

Some entrepreneurs find opportunity in foreclosure meltdown

South Florida's housing boom cratered fast and, like the epicenter of an earthquake, left a trail of destruction in its wake. But...

Tagged as: foreclosures, s florida, south florida, florida

Foreclosures to Rise Even More Next Year

Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. economy grapple with the aftermath of the recession,the Mortgage Bankers Association's chief economist said this week.

Tagged as: home foreclosures; increase in foreclosures;

Why Obama Housing Rescue Hasnt Prevented Record Foreclosures

After taking withering criticism for the Department-of-Motor-Vehicles pace of its initial efforts to keep struggling borrowers out of foreclosure, the Obama administration proudly announced last week that it had hit its goal of 500,000 trial loan ...

Tagged as: mortgage modification program, loan modification, home foreclosures, subprime mortgages, Top Stories, U.S. News & World Report, realtytrac

Rev. Jesse Jackson Prepares to Speak With Distressed Antioch

The Rev. Jesse L. Jackson will be speaking at the Rainbow Push Coalition's community gathering from 5 to 8 p.m. Thursday September 17th at Antioch Chur...

Tagged as: Antioch Church Family, Distressed Antioch Homeowners, Jesse Jackson, National Rainbow Coalition, Rainbow Push Coalition

Facing Foreclosure – The HOPE For Homeowners Act May Be For

With all this local talk about evictions and foreclosures the Brentwood Business Center wrote up a story highlighting some options that renters who fac...

Tagged as: HOPE For Homeowners

At foreclosure auctions, broken dreams on sale

CHICAGO (Reuters) - The seven-bedroom, three-bath house in this city's West Garfield Park neighborhood had once been someone's American Dream.

Tagged as: At foreclosure auctions, broken dreams on sale

Foreclosures hit record in third quarter 2009

Despite concerted government-led and lender-supported foreclosure prevention efforts, foreclosure filings set new highs during the three months ended Sept 30.

Tagged as: mortgage modifications, lenders, borrowers, repossessions, repossess, home, foreclose, foreclosures, realtytrac

Report Shows Foreclosures Increasing for High-End Homes

More evidence that the foreclosure pain that began in overbuilt middle-class communities is moving higher up the real-estate food chain: The share of foreclosures in the most expensive third of housing markets is on the upswing.

Tagged as: foreclosures

Anti-foreclosure programs are not enough: watchdog

WASHINGTON (Reuters) - Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked

Tagged as: Anti-foreclosure programs are not enough: watchdog