Boston’s innovative effort to combat housing foreclosure’s effects on neighborhoods reached a milestone yesterday when the city selected a Roxbury developer to renovate four dilapidated homes on Hendry Street in Dorchester.
The Boston Redevelopment Authority selected Bilt-Rite Construction Inc. to purchase, fix up, and sell the city-controlled triple-deckers on the street, the epicenter of the city’s [...]

With more homeowners losing their homes to foreclosure, and home sales slowing the rental market has been flooded with potential tenants. But what could have been a boon for apartment complexes never has materialized.
With more affordable homes entering the rental market, apartment complexes are struggling to sign leases.
Between the first quarter of 2007 and the [...]

Six years ago, at the height of the housing boom, the architect-developer partners of Concepto Design Group International in the Gaslamp Quarter and Hoku Properties of San Diego bought a historic home on Hillside Drive in La Jolla for $1.8 million, relocated it and replaced it with a $10 million, 8,910-square-foot showcase property.
Called “Essencia,” the [...]

Keith M. Elliott Jr. a Realtor® with RE/MAX Olympic Realty in Haymarket, Virginia presents foreclosure statistics identifying the Top 10 hardest hit subdivisions in Prince William County. Mr. Elliott also discusses the impact future population trends have on the local housing economy and why buying properties now while values are low create a perfect storm to capitalize on future appreciation.

Pre-foreclosures hit record highs in July 2008 both nationally and in 14 states and the District of Columbia according to new figures from ForeclosureS.com California-based foreclosure information specialists.
“So far this year, more than 1.25 million Americans faced the risk of loosing their homes to foreclosure, up 7.3% from June 2008, and up 88.62% from July [...]

Forget the phrase “Not in my backyard.” These days, homeowners are thinking “Not my house!”
That, at least, is the sentiment revealed in a survey from the real-estate data company Zillow.com, which each quarter conducts a survey to gauge homeowner confidence in the health of the housing market. Zillow.com, based in Seattle, is a website that [...]

WHAT HAPPENS WHEN I MISS MY MORTGAGE PAYMENTS?
Foreclosure may occur. This is the legal means that your lender can use to repossess (take over) your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe on your mortgage loan, a deficiency judgment [...]

Foreclosures in many military towns are increasing at rates drastically above the national average, according to RealtyTrac’s Q1 2008 U.S. Foreclosure Market Report. Military personnel may have been targeted by unscrupulous mortgages because of credit problems that can sometimes result from the frequent moves required of them. Although it is unknown how many of the [...]

Gov. David A. Paterson yesterday signed legislation that requires lenders to give subprime loan borrowers a 90-day notice before starting foreclosure proceedings.
Subprime loan homeowners will now have time to meet with lenders and receive other information on dealing with their debt. Subprime loans are generally held by borrowers with shaky credit, and carry higher interest [...]

Homes Will Be Auctioned August 12th-17th in Jacksonville, Tampa, Ft. Myers, Miami/Ft. Lauderdale, Orlando and Other Cities