In September, there were a total of 8,280 resale homes recorded sold. Foreclosure activity represented 44 percent (3,655 transactions), while there were 4,625 traditional market transactions. Foreclosed transactions represent home owners losing their property to successful individual bidders or the lender of record.
In August 2008, the spilt was 3,295 foreclosed homes and 4,210 traditional transactions, [...]

Attorney General Terry Goddard announced a multi-state settlement with Countrywide Financial Corp. Monday, relating to the company’s alleged use of deceptive practices in their mortgage lending business.
According to the settlement, Bank of America, which acquired Countrywide Financial on July 1, 2008, agreed to develop a loan modification program for up to 397,000 borrowers nationwide. The [...]

GAINESVILLE, Fla. – Oct. 2, 2008 – Long before the debate over a federal bailout of the nation’s financial institutions took center stage, sagging property values and soaring mortgage payments triggered in part by adjustable interest rates and increasing taxes threatened to force thousands of Floridians into foreclosure.
According to RealtyTrac, Florida’s 44,000 foreclosure filings in [...]

Valued From as Little as $17,000 to $500,000, these Foreclosures Will Be Auctioned by Hudson & Marshall on September 13th
As record numbers of foreclosures continue to saturate the housing market, more buyers are flocking to foreclosure auctions to score deals on homes. Buyers realize today’s foreclosed homes come in many different sizes and conditions and [...]

The Bankruptcy Court in Phoenix has been very busy the last couple months trying to come to a conclusion on the Mortgages Limited Securities case. Some parties ended up with smiles of relief, while the majority of investors are taking a major loss. A quick history lesson and recap of the current situation:
MLS (short for [...]

In July 2008, there were a total of 8,165 resale homes recorded sold. Foreclosure activity represented 42 percent (3,470 transactions), while there were 4,695 traditional market transactions. Foreclosed transactions represent home owners losing their property to successful individual bidders or the lender of record. In June 2008, the spilt was 3,275 foreclosed homes and 4,565 [...]

The most noticeable thing in Charles F. Hunt’s office is what’s missing: No family pictures on the walls. No certificates of achievement. No action figures from a favorite childhood movie perched on the desk.
It is just gray walls and clear windows in Hunt’s Osprey Avenue abode, where his family set up Hunt Real Estate ERA [...]

The highest rates of foreclosures in metropolitan Phoenix have moved from the farthest flung suburbs to neighborhoods closer into the area, particularly some in south, west and central Phoenix.
That’s according to an Arizona newspaper’s analysis of real-estate data from the Information Market.
When foreclosures started to climb last summer, the highest rates of home defaults were [...]