Cash-rich housing investors have been swarming foreclosure markets across the country to buy foreclosure at very low prices. Many of them would purchase discounted foreclosure homes, do some haphazard repairs and place the properties back on the market for sale at higher prices, often gaining them huge profits.
But the case is different with California housing [...]

Lists of foreclosures are expected to grow as mortgage defaults hit record levels again in the July-September quarter, based on a report from the financial services division of credit reporting firm TransUnion.

During the quarter, 6.25 percent of all residential mortgages in the country became delinquent by two months or more, an overwhelming 58-percent increase from [...]

Phoenix foreclosed homes accounted for 66 percent of housing market activity in October, according to a study by Jay Butler, real estate professor at the Arizona State University W.P. Carey Business School.

Butler said that foreclosure actions on 3,815 houses in October represented 38 percent of Phoenix’s overall housing market and that about 45 percent of [...]

The number of abandoned pets has been estimated by the American Society for the Prevention of Cruelty to Animals at 1 to 2 million since the start of the recession in December 2007.

According to Stephen Zawistowski, science adviser and a top executive of ASPCA, animal shelters and rescues have been struggling because of the overwhelming [...]

Philadelphia foreclosed homes have not been rising as fast as in other metro areas partly because of the implementation of several programs aimed at stemming foreclosure actions.

According to a foreclosure monitoring company, only 0.42 percent of residential units in the Philadelphia metro area were in foreclosure in the July-September quarter, putting the Philadelphia, Camden and [...]

Orlando foreclosed homes continued to grow compared to foreclosures in October last year, based on a report on metro area foreclosures from a California-based real estate company.

With a foreclosure rate of one residential unit out of every 117 units in default or in foreclosure, Orlando ranked ninth in a listing of the 203 biggest metro [...]

The listing of foreclosed homes grew this year in McLennan County, Texas, based on data from a real estate company that tracks foreclosures and auctions in Texas.

According to the monitoring firm, the total number of residential properties listed for foreclosure auctions this year has reached 1,387, surpassing the total of 1,110 reached last year.
The total [...]

Foreclosed homes listings in Fall River have not been growing as fast as in other cities of Massachusetts because of housing and neighborhood programs carried out by the city.

The city was visited by Housing and Urban Development Secretary Shaun Donovan this week to look at the results of the city’s housing programs and how the [...]

New York foreclosed homes are expected to be sold in greater numbers after the federal government extended its higher conforming limit home loan program until the end of next year.

The conforming loan ceiling of $729,500 was set to expire this year and return to its original ceiling of $625,500. Now, prospective buyers of houses in [...]

House foreclosure listings are still rising in number in Southern Oregon, particularly in Jackson County, due to rising unemployment in the region.

Since December 2007, the number of housing units foreclosed in Jackson County has reached 1,718 units, and one-third more mortgage loans became delinquent during the same period, according to county records.
This year, 919 houses [...]