Articles about Bank Foreclosures

In Ohio, previously distressed house owners used to surrender their properties. But now, these owners are seen to defend and fight for their foreclosed properties. They have accused the banks and other financial institutions of breaching their loan agreement and not providing loan modification to eligible borrowers.

For the period from July to September 2010, in South Carolina foreclosed houses, involving foreclosure homes of Chasse bank were lower than 20 percent out of the total sale of houses. During the third section of this year, the percentage sale of distressed properties fell in most of the region’s housing markets in the state. [...]

Some places in Indiana have implemented a workout conference,  which is meant for potential foreclosure house owners and those who are about to lose their residential properties to bank foreclosures and Freddie Mac houses offered for sale. This conference would enable these distressed homeowners to find a substitute way to restore their houses by negotiating [...]

Many analysts are of the opinion that in Southwest Florida, its housing market is fighting against foreclosure moratorium. The real estate agents are also finding it difficult to continue their sale of bank foreclosure homes in Fort Myers. It is Lee County especially that is facing a serious threat due to investigation in mortgage industry [...]

Banks had postponed their foreclosure actions being completed, and as a result, the rate of foreclosure in California has slowed down noticeably. A certain research firm reported that in March, banks had slowed almost 28 percent of their total foreclosure activities in California. In March, banks took almost 225 days to complete the entire foreclosure [...]

The Colorado Division of Housing released data that showed that in the 12 counties of Colorado, the properties that were owned by banks increased significantly in January. In comparison with January 2009, the total home foreclosure sales increased by a whopping 61 percent in the twelve counties of Colorado reaching a figure of 1,917 households [...]

The homeowner association, to force people to clear their dues and maintenance fees, is imposing a process of reverse foreclosure. Due to an increase in the bank foreclosures in Florida, this process is enforced in the condo sector. Over 60 percent of the HOA associations are facing a problem with default fees in this foreclosure [...]

The bank repo houses are also helpful in signifying the aspect of delinquencies of credit card. TransUnion, the credit report providers, issued this record. According to this report the rate of credit card delinquencies were the highest during the July-September duration simultaneous to the number of foreclosure filings. In Nevada, the rate of delinquencies was [...]

The small banks have been rocked enough in the Georgian communities with bank foreclosure sales partially as they lacked workforce with understanding and expertise to help resolve certain multifaceted financial troubles due to the crisis of foreclosure. Joe Waites, a partner and bank consultant with Minerva Consulting LLC, observed that, majority of the banks in [...]

The mortgage lenders of California have stepped up the efforts to cancel bank foreclosures following the pressures from the lawmakers including the officials of the Obama administration. The efforts are supplemented by loan modifications and transferring into permanent modifications those modifications which are in trial. Across California, the lenders called off approximately 10,500 foreclosure filings [...]