Foreclosures have left nearly three-quarters of a million people out of their homes nationwide so far this year–including more than 107,500 in September alone, according to U.S. Foreclosures Index, the first look at September’s foreclosure numbers in the wake of the nation’s financial markets fiasco and congressional bailout.
This year’s foreclosures mean that 10.3 of every [...]

Phillip Walker put his Jensen Beach home in Florida on the market 13 months ago.
He finally got an offer this week, and he jumped at it. But he’s not jumping for joy… That’s because he’ll have to settle for $95,000 less than what he originally priced the house.
“About every other week a new [...]

Like Wall Street, the real estate industry is feeling the painful effects of loose lending practices and bad mortgage loans. Now, more than ever, prospective home buyers and sellers should be aware of what’s happening with the housing market — and where it’s headed — in order to make smart decisions. HGTV shares these top [...]

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 [...]

Home foreclosures in Stamford Connecticut remained low compared withother cities hit by the subprime mortgage crisis, but they more than doubled over the past year, according to the mayor’s office.
Foreclosures increased in each of the past four quarters, rising from 15 in the final quarter of last year to 39 in the third quarter this [...]

More than 120,000 struggling California homeowners could see their monthly mortgage payments lowered after Bank of America Corp. agreed to provide $3.5 billion in loan and foreclosure relief to settle lawsuits it inherited with its takeover of Countrywide Financial Corp.
The pact stems from cases filed earlier this year by California and other states, alleging Countrywide, [...]

As the dismal U.S. housing market slides further downhill–home prices in July posted a 16.3% annual drop–some sellers are unloading their homes to bargain-hunters.
But in cities like Seattle, Jacksonville, Fla., and St. Louis–the hardest major cities in which to sell a home–even sellers who have substantially lowered their prices aren’t finding it easy to move [...]

Governor Charlie Crist today praised more than $1 billion in federal support for Florida’s housing market, made possible by the federal Housing and Economic Recovery Act of 2008 passed by Congress this summer. He also announced that Standard &Poor’s has affirmed a “AAA” rating with a stable outlook to Florida’s general obligation bonds.
“I commend Florida’s [...]

South Florida may have dodged some of the recent hurricanes, but it is still experiencing turbulence, especially in the condo market. Has it hit bottom yet? Peter Fitzgerald, COO of the The RADCO Cos., talks about what’s in the sector’s forecast.
Where does South Florida’s condominium market stand right now? Have you seen any recovery, or [...]

Nearly half of the 19,366 homes sold in the six-county region in August were foreclosures. Sales rose 9.1% from the previous August, but the median price dropped 34%, MDA DataQuick reports.