foreclosure

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Sometimes even banks want to 'walk away' from a home

Feb 22, 2013
In some working-class neighborhoods with cheap housing, the banks actually lose money on a foreclosure. So it’s cheaper to do nothing.
Posted In: Housing, foreclosure, North Carolina
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Short on tax revenue, Atlanta counties sue HSBC

Jan 28, 2013
The housing crash not only touched off a wave of foreclosures, it torpedoed property values and the taxes cities and counties collect off them. But some localities are fighting back in an effort to reverse their budget shortfalls.
Posted In: HSBC, foreclosure, Atlanta, financial crisis
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Banks settle again, homeowners to get relief

Jan 7, 2013
In a costly day of legal settlements, 10 banks agree to pay $8.5 billion to four million homeowners for mishandling their foreclosures.
Posted In: Bank of America, Banks, foreclosure, Fannie Mae, Freddie Mac
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Hedge funds crowd first-time buyers out of housing market

Dec 10, 2012
Hedge funds and private-equity funds are buying up hundreds of foreclosed homes at a time, turning them into rentals, crowding out first-time home buyers looking for bargains.
Posted In: foreclosure, Wall Street, private equity, Housing
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Fannie Mae, big banks halt holiday evictions

Dec 7, 2012
Fannie Mae, Freddie Mac and some big banks will halt evictions from foreclosed homes during the holidays. Is this altruism or a publicity stunt?
Posted In: Housing, foreclosure
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Advocates say insurance costs strain homeowners

Oct 9, 2012
Gulf Coast insurance premiums have skyrocketed in recent years, and homeowners advocates say they're seeing people at risk of going into foreclosure because they can't afford their mortgage plus their insurance.
Posted In: home insurance, Gulf residents, Mississippi, foreclosure, Hurricane Katrina, Louisiana
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A foreclosure tour from the front seat of a patrol car

Aug 21, 2012
Four years into the housing crisis, abandoned and derelict foreclosures -- and the crimes they attract -- keep police busy in one Los Angeles neighborhood.
Posted In: foreclosure, los angeles, Housing
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Shedding light on the 'shadow' real estate market

Aug 14, 2012
Many feared that millions of homes in foreclosure but not yet on the market would derail the housing recovery. But what ever happened to the "shadow inventory," as it's known?
Posted In: Housing, foreclosure, shadow inventory
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RealtyTrac releases foreclosure data for first half of 2012

Jul 12, 2012
There are some new figures out this morning from RealtyTrac about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery.
Posted In: Housing, foreclosure
1

Banks facing new restrictions on foreclosures

Jul 3, 2012
The California state legislature passed a law yesterday that sponsors are calling a "Homeowners Bill of Rights." Supporters say the changes will prevent unnecessary foreclosures.
Posted In: Housing, foreclosure, california

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