From the category archives:

Foreclosure Information

Nevada Relinquishes “Top Foreclosure State” Title

According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. The generic term “foreclosure filing” is used to group [...]

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Foreclosure Filings Down 19 Percent In One Year

Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom. According to RealtyTrac, a ”foreclosure filing” is any one of the following foreclosure-related events : (1) A default notice on a home; (2) [...]

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Foreclosure Inventory Turning Into Rentals?

The Federal Housing Finance Agency sent out a request for proposals on how to deal with the large amount of foreclosure inventory owned by Fannie Mae and Freddie Mac. They received over 4000 suggestions and many of them were quite viable with the idea of turning the more than 175,000 vacant homes into rentals one [...]

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Bank Repossessions Drop To A 44-Month Low

Foreclosure activity continues to concentrate over just a few states. According to foreclosure-tracker RealtyTrac, November’s foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010. “Foreclosure filing” is a catch-all term for the various “action steps” throughout the foreclosure process. The grouping comprises default notices, scheduled home auctions, and bank repossessions. [...]

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I only want to look at foreclosed houses…

Many buyers make that claim when they start looking for a house to buy; "I want a deal." Don't we all? Sometimes a foreclosure is a really good deal but the reality is that banks get a market analysis just like a regular seller and they price their home commensurate with the market. Many of [...]

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Annual Foreclosure Filings Down For 11th Straight Month

On an annual basis, foreclosure filings fell last month. As compared to August 2010, last month’s foreclosure filings dropped 33 percent. ”Foreclosure filing” is a catch-all term, comprising default notices; scheduled auctions; and bank repossessions. The study was published by foreclosure-tracking firm RealtyTrac and this month’s report reveals a slowing rate of foreclosure within each [...]

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How do we repair our credit after a foreclosure?

Q. Hi do you know of any programs or options to help people with foreclosures? We were not able to sell our home before we moved to Garland so we had to let it go. I have a credit repair guy working on removing it from my reports. Maybe rent to own? Please advise. A. [...]

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PRICE REDUCTION – Pre-Foreclosure in Forney

200 Bowie Street 3 beds, 2 full baths Home size: 1,646 sq ft Property Type: Residential, Residential / Single Family MLS Number: 11488942 Community: Area #35 Tract: Eastwood Pre-Foreclosure. Bring all offers! Open floorplan. Nice sized master bedroom and bath. What’s Your Walk Score?

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Before You Let Your Home Go Back to the Bank

Fannie Mae has launched a new website to help homeowners who are behind on their mortgage payments. The website, www.knowyouroptions.com has useful information and resources to help home owners avoid foreclosure. The goal is to help homeowners stay in their home, if that is what they choose or sell it. The main point to [...]

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FED Boss: Regulators Looking Into Foreclosure Mess

The government needs to step up and get this one right. The foreclosure problem is not going away any time soon; in fact, it will be around for several years. The incidents of wrongful foreclosure are vast. As one bank was taken over by another and that bank merged with yet another bank, paperwork [...]

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