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Foreclosure News

Foreclosures news continually updated from thousands of sources around the net.

2 hrs ago | Business Journal

Large Phoenix apartment complex faces foreclosure

A large Phoenix apartment complex faces foreclosure over a $59.4 million loan. The 856-unit Saratoga Ridge Apartment Homes complex at Bell Road and 14th Street faces a foreclosure sale on Nov. 4. The complex is owned by GS Saratoga Ridge LLC, an arm of Charleston, South Carolina-based Greystar, according to Arizona Corporation Commission and ... (more)

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Related Topix: Maricopa County, AZ

6 hrs ago | Business Journal

Miami-Dade retail plaza faces foreclosure, big auction scheduled

Waterfall Olympic Master Fund filed a foreclosure lawsuit on July 25 against Royal Gate Center, along with managing members Fernando Salsamendi Jr., Carlos de la Cruz and Ricardo B. Recio .

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Related Topix: Home, Mortgage, Personal Finance, Miami, FL, Medley, FL

Fri Aug 22, 2014

Lake Elsinore Valley News

Stronger economy contributes to fewer foreclosures and higher prices

A stronger economy, lower unemployment and higher home values contributed to the lowest number of foreclosure starts since 2005, reported Irvine-based CoreLogic DataQuick.

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Related Topix: Irvine, CA, Housing, California, Riverside County, CA, Mortgage, Personal Finance

The China Post

Bank of America settlement likely to benefit few people

Bank of America's record US$16.65 billion settlement for its role in selling shoddy mortgage bonds - US$7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners.

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Related Topix: Home, Mortgage, Personal Finance, Financial Markets, New York

Boston real estate

Mass. foreclosure rate below the national average

Corelogic reported foreclosure rates in the country, with Massachusetts at approximately 1.1% which is below the national average.

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Related Topix: Massachusetts, Massachusetts Government

TheStreet.com

Why Foreclosures are Selling at Above-Market Prices

BOSTON - Many Americans assume that homes facing foreclosure sell for deep discounts, but a detailed analysis of some 4 million recent sales shows that certain kinds of distressed properties actually fetch as much as 19% above market value on average.

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Related Topix: Home, Mortgage, Personal Finance, Business News

Colorado Springs Business Journal

Foreclosure rates in Colorado Springs decrease

Foreclosure rates in Colorado Springs decreased for the month of June over the same period last year, according to newly released data from CoreLogic.

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Related Topix: Colorado Springs, CO, Home, Mortgage, Personal Finance

Lowell Sun

US housing recovery appears to be back on track

A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.

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Related Topix: Home, Mortgage, Personal Finance, Real Estate, Housing

Thu Aug 21, 2014

The Washington Post

After losing their homes in the foreclosure crisis, boomerang buyers are back

Ashley and Joel Lawrence with their daughters, Ivy, 7, and Mia, 4, moved into their new home in June.

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Related Topix: Home Listing, Home, Real Estate, Home Buying, Mortgage, Personal Finance

Lansing State Journal

John Carlisle: For lottery winner, $3M is a lot of chicken feed

The millionaire opened his barn door and was greeted by the clucks of a thousand chickens.

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Related Topix: Lottery, Manistique, MI

National Mortgage News

Second Quarter Foreclosure Sales Lowest in Seven Years: Hope Now

Mortgage servicers are still providing loss mitigation efforts to keep homeowners in their properties even as the foreclosure inventory continues to fall nationally.

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Related Topix: Mortgage, Personal Finance, Home

Cybercast News Service

US existing home sales rise for 4th straight month

Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.

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Related Topix: Home, Home Selling, Housing, Real Estate, Mortgage, Personal Finance

National Public Radio

Announcement On Bank Of America Settlement Expected Soon

Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, CitiMortgage, Citigroup, JP Morgan Chase

Dallas Morning News

How much of $17B settlement will Bank of America really pay?

Inflated figures make sensational headlines for the Justice Department. The expected $17 billion would be the largest settlement by far arising from the economic meltdown in which millions of people in the United States lost their homes to foreclosure.

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Related Topix: Home, Mortgage, Personal Finance

Newsday

Cost to maintain vacant, foreclosed homes upsets Babylon officials

Babylon Village Mayor Ralph A. Scordino stands in front of a house on Melbury Road in Babylon that has been abandoned for 10 years.

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Related Topix: Babylon, NY, Home, Mortgage, Personal Finance, Suffolk County, NY, Islip, NY

New Jersey Herald

No buyer for Olde Lafayette Village at foreclosure sale

Olde Lafayette Village failed to find a buyer at Wednesday's foreclosure sale held at the Sussex County Sheriff's Office in Newton.

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Related Topix: Sussex County, NJ, Newton, NJ, Mortgage, Personal Finance

Wed Aug 20, 2014

Noozhawk

La Casa de La Raza Working with County, Lender in Effort to Fight Off Foreclosure

La Casa de La Raza is working to reinstate its nonprofit status, a lengthy process that has the Lower Eastside community center once again fighting off foreclosure and higher property tax rates.

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Related Topix: Home, Mortgage, Personal Finance, Santa Barbara County, CA

Brandon Sun

Business Highlights

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era.

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Related Topix: Ben Bernanke, Home, Mortgage, Personal Finance

WAFB-TV Baton Rouge

AG: Homeowners need to submit Ocwen foreclosure settlement claims before Sept. 15

Claim forms under the $2.1 billion Ocwen national mortgage foreclosure settlement have been sent to Louisiana borrowers affected by foreclosure between January 1, 2009 and December 31, 2012.

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Related Topix: Mortgage, Personal Finance, Home

Business Journal

Are foreclosures finally catching up with Oregon residents?

Mortgage foreclosures in the Portland-Vancouver-Hillsboro area were down to 1.65 percent for the month of June, according to analytics company CoreLogic.

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Related Topix: Home, Mortgage, Personal Finance

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