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Foreclosure Auctions in Bay Area Frustrate First Time Buyers
Foreclosure auctions in the San Francisco Bay Area have been frustrating first time home buyers as they kept getting outbid by investors backed by large pools of private funds. Realtors and housing advocates have been calling for legislation to give owner occupants a chance.
San Antonio Foreclosures for Sale Reach Record Level
San Antonio foreclosures for sale reached their highest level this year in more than 20 years. Almost 16,000 residential units fell into default or foreclosure this year, according to a Texas-based foreclosure tracking company.
Bank Listing Foreclosures Drive Home Sales in Florida Keys
Bank listing foreclosures have been driving house sales in the Florida Keys, based on October home sales data from a local real estate brokerage. Overall home sales climbed up by 18 percent to 3,666 units in October.
Buying Foreclosure Auction Properties Online: Pros and Cons
Buying foreclosure auction properties online can save you time and effort, but you need to make your own research about the properties and the auctioning company. You also need to read the auction terms and conditions.
Foreclosed House Auction in Santa Cruz Sold Over 700 Homes
Foreclosed house auction sales in Santa Cruz County, California slowed in the July to September quarter, but total sales are still relatively high. Over 500 residential units in the county received default notices during the quarter.
Dallas Foreclosed Properties in Commercial Sector Soaring
Dallas foreclosed properties in the commercial sector are soaring in number. Over 2,000 commercial buildings in the counties of Dallas, Tarrant, Collin and Denton will be sold off in a foreclosure auction in November.
Maryland Prime Property on Commercial Foreclosures Auction
A large pier in Baltimore, Maryland has been placed on commercial foreclosures auctions. The property, which was classified for commercial use, is within walking distance of restaurants, boat slips, upscale condominiums and shops.
FDIC Auction of Repossessed Property for Sale in Florida
An auction of repossessed property for sale in Florida has resulted to some condominium projects getting new owners. This is good news for the residential real estate market in the state which has been suffering due to the abundance of foreclosure houses which pulled down property values and prices.
Fort Worth Bank Foreclosures Prevention Fund Raising
A fund raising event was launched to help prevent the increase in the number of Fort Worth bank foreclosures. The fund raising benefitted a foundation that have been fighting to stop the spread of foreclosures not just in Texas but nationwide.
Buy Foreclosure Auction Homes in Foreclosure-Hit States
Buy foreclosure auction homes in Colorado, Utah, Washington and Idaho in September and October. The homes to be auctioned off are priced from $50,000 to $600,000.
Boston Bank Foreclosures Auction of Office Building Suspended
The auction for an office building placed on Boston bank foreclosures was suspended by its lender. The bank decided to suspend the auction after no one top its bid of $1 million.
More Texas Bank Foreclosures Expected in October Auction
The number of Texas bank foreclosures to be auctioned off in October is expected to rise, second only to figures posted in July. The anticipated rise in foreclosure auctions is attributed to the increase in foreclosure postings in Tarrant County and Dallas-Fort Worth areas.
Bank Foreclosure Auction Makes Buzz in Memphis
A bank foreclosure auction in Memphis will be held by Merchants and Farmers bank to sell its foreclosed condo units at the Nettleton condo building. The bank foreclosed on developer Nettleton LP after it failed to pay its construction loans.
Foreclosures Listings of Commercial Properties Growing
Commercial properties are starting to swamp foreclosures listings nationwide. Mezzanine lenders are pushing commercial buildings into foreclosures to gain control of the properties.
How to Find Foreclosure Auctions the Easy Way
Prospective homebuyers asking how to find foreclosure auctions can find answers to their question by searching auctions on the Internet, looking for auctions in online journals and checking county auction schedules. They can also check the web sites of residential auction companies.
Tax Foreclosure for Sale, REO and Short Sales in Wichita
Prospective buyers can still find good homes in foreclosure for sale, short sales and tax foreclosure sales in the city of Wichita, Kansas. Practices in foreclosure sales in the city are described.
More Foreclosed Homes for Auction Expected from Option ARMs
The number of foreclosed homes for auction from ARMs made during the boom years of 2004 to 2007 will increase, according to a real estate tracking firm. About 600,000 option ARMs are expected to reset to higher rates within the next 4 years.
Foreclosed Home Auction Contract Increases Macomb Income
Foreclosed home auction contractor Writs Inc. will share 50 percent of its revenues with Macomb County, Michigan under a new contract. Writs has been conducting auctions for the county's Sheriff Office for years.
Knoxville Condos Become Foreclosed Homes for Auction
Condo units at the Cityview condo complex in Knoxville, Tennessee became foreclosed homes for auction after Regions Bank foreclosed on the complex. The complex is the centerpiece of Knoxville's South Waterfront Development project.
Hampton Foreclosed Home Auction: Sign of the Times
A foreclosed home auction in the Hamptons is a sign of the times, as more Wall Street executives lose their homes to foreclosure. Many though sell their homes at a loss rather than go through the humiliation of foreclosure.
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