Articles about foreclosed property

Usually, when distressed homeowners abandon a property when they are unable to keep up with mortgage payments, the lender takes over possession. The home is then rapidly disposed of through foreclosure auctions so that the losses are minimised and unpaid dues recovered.

Recently however, more and more abandoned houses are being shunned by the lenders [...]

With foreclosures continuing to increase, related concerns are raising their heads in hard hit neighbourhoods. One such problem is that of growing crime.

Boarded up homes and vacant properties are often sitting ducks for negative elements. These houses are prime targets for burglars and are also used for all kinds of anti-social activities. Thus [...]

Foreclosures are on the rise and with it the number of abandoned homes is also increasing. County health officials have expressed serious concern about abandoned or vacant homes with swimming pools. Left to the mercy of the elements these pools are turning out to be fertile breeding grounds for mosquitoes and algae, especially as temperatures [...]

The grim side of any foreclosed property would leave the marks of a sweet little family which just couldn’t meet the requisite mortgage payment. Many of the clean up people in such properties, readdressing them for a fresh sale, report rather touching accounts of the remnants of a happy family. They have reported [...]

In a state where foreclosures are about 70% on the rise compared to last year, the South Florida city went down to help all that it could to its people. The primary focus was that more and more people should be able to stay back in their homes.
On the first Tuesday of April, the foreclosure [...]

Legal firms like You Walk Away, operating from California, Nevada, Arizona, Washington, Oregon, Colorado and Florida foreclosures, are working out steps for customers to help them make sense out of the foreclosure process, and get out of the sticky situation of owning a home, and paying the rising mortgage rates. They have been working over [...]

The counselling agencies all across the United States offer that it never is a sensible option to walk out on the face of your foreclosed property without exploring other possibilities.
Though walking out can feel like the gut level functional thing to do, practical real estate dealers and property counsellors often have better things to suggest. [...]

In all the confusion and chaos foreclosures have brought with them, they are also creating the right time for people to invest in their new home.
Many Realtors and agents opine that buyers would like to look at such homes when they are intending to make a good purchase. Donale Bernarding, a broker with CyBer Realty, [...]

The refusal to temporarily block many foreclosure cases in the Hennepin County by federal judge, Joan Ericksen, has made it difficult for the borrowers there to prove their case.
It is indeed a sad situation where borrowers are unable to slow the progress of the foreclosure case on their home, and many are likely to lose [...]