Flood of foreclosures coming
NEW YORK (CNNMoney) — The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved. The settlement, concurred ...
Foreclosures slow as pipeline backs up
A home in Salem, Ore., is ready for the auction block in this Feb. 23 photo By John W. Schoen, Senior Producer Foreclosure activity fell in the first quarter to ...
Flood of foreclosures to hit the housing market
NEW YORK (CNNMoney) — The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved. The settlement, concurred ...
Occupy groups focusing protest on foreclosures
Mercedes Robinson-Duvallon turned 83 in February, but there was tiny time for celebration. On her birthday, as she sat in a wheel chair recovering from surgery, sheriffs’ deputies arrived ...
How foreclosures affect buyers and sellers
Overview of a subdivision of single family homes in San Marcos, Calif. The nation’s banks own more than 600,000 single-family homes, according to RealtyTrac. By Marcie Geffner, bankrate.com If anything ...
Foreclosures: A ‘rising tide’ ahead
NEW YORK (CNNMoney) — The number of homes entering foreclosure dropped in February, but a new up-turn may soon be on its way. The reason? The $26 billion settlement between ...
Foreclosures made up one in four home sales
Short sales are rising as banks begin to shun foreclosures. NEW YORK (CNNMoney) — Homes in some stage of foreclosure accounted for almost one in four homes sales during the ...
Million-dollar foreclosures rise as rich walk away
See inside 8 multi-million dollar foreclosures NEW YORK (CNNMoney) — Five years after the housing bubble burst, America’s wealthiest families are now losing their homes to foreclosure at a faster ...
Foreclosures climbed in January
One in every 624 U.S. homes, almost 211,000 in total, got hit with some sort of foreclosure filing last month. NEW YORK (CNNMoney) — Foreclosures picked up in January, yet ...
Mortgage deal means more foreclosures
Experts say many foreclosures that were on hold during the deal negotiations will now proceed. NEW YORK (CNNMoney) — Even as the $26 billion mortgage settlement helps hundreds of thousands ...
Foreclosures keep pushing house prices lower
By John W. Schoen, Senior Producer The on-going wave of foreclosures continues to drag home prices lower. Foreclosure-related properties, which made up roughly one in five home sales in the ...
Foreclosures made up 20% of home sales in 3Q
The average foreclosed home sold during the quarter took 193 days to sell. That was up from 172 days in the previous quarter and 161 days in the third quarter ...
Foreclosures: America’s hardest hit neighborhoods
Neighborhoods boasting modern homes, cul-de-sacs and tree-lined streets in and around Western cities now dominate the list of the top 100 U.S.
Foreclosures fall to lowest level since 2007
NEW YORK (CNNMoney) — Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings, including default notices and bank repossessions were down 33% for the ...
More opting for short sales vs. foreclosures
Short sales up, foreclosures down. That’s because in many cases a short sale may be the lesser of two evils for banks and home owners versus a foreclosure. It’s a ...
Housing improves, but foreclosures spoil the party
By John W. Schoen, Senior Producer It looks like the housing market isn’t going to get any worse. Five years into the worst housing depression since the 1930s, the latest ...
Foreclosures fall, but outlook is not bright
There were fewer foreclosed homes in November, but the outlook for the New Year is not bright. NEW YORK (CNNMoney) — Foreclosure filings may have fallen in November but the ...
Occupy Homes: Protesters Target Foreclosures on Dec. 6 ‘Day of Action’
Occupy Homes, an offshoot of Occupy Wall Street, will protest in foreclosed and vacant properties in around 25 U.S. cities, on Tuesday’s “Day of Action,” promoting what organizers call the ...
Foreclosures halted for the holidays
NEW YORK (CNNMoney) — Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several massive mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season. For ...
Massachusetts sues huge banks over foreclosures
JPMorgan Chase is among the firms targeted in the suit. NEW YORK (CNNMoney) — The Massachusetts attorney general sued some of the nation’s biggest banks on Thursday, accusing them of ...
New foreclosures start to pick up pace
By John W. Schoen, Senior Producer The pace of new home foreclosures edged up again in the third quarter even as the number of borrowers falling behind on their payment ...
Home foreclosures starting to rise again
Steady decline in foreclosure filings comes to end with jump in third quarter, according to the Mortgage Bankers Association. But that is despite a drop in delinquencies. NEW YORK (CNNMoney) ...
Foreclosures on the rise again
NEW YORK (CNNMoney) — The number of foreclosures climbed in October, as mortgage lenders started to work through the paper work problems that had delayed new filings for much of ...
U.S. Foreclosures up 7 Percent in October, Hit Seven-Month High
U.S. foreclosure filings increased by 7 percent in October to a seven-month high, according to data from RealtyTrac. Nationwide, 230,678 properties had default notices, auction or repossession, up from 214,855 ...
Foreclosures continue to plague housing market
Foreclosures filings increased in the latest quarter, along with the time it takes to process them. NEW YORK (CNNMoney) — Foreclosures continued to plague the U.S. housing market last quarter, ...
Sharp rise in foreclosures as banks move in
More U.S. homes are entering the foreclosure process, but they are taking ever longer to get sold or repossessed by lenders. The number of U.S. homes that received a ...
Foreclosures rise in August
Foreclosure filings rose 7% in August, but still remain significantly lower than where they were a year ago, according to RealtyTrac. NEW YORK (CNNMoney) — Foreclosure filings rose in August, ...
Landlord Uncle Sam wants to sell foreclosures
For sale or rent by distressed owner: 248,000 homes. That’s how many residential properties the U.S. government now has in its possession, the result of record numbers of people ...
How to rescue the housing market: Foreclosures!
NEW YORK (CNNMoney) — If the Obama administration really wants to save the housing market, it should speed up the foreclosure process — not prolong the inevitable, experts say. Four ...
Foreclosures slow to trickle as lenders adapt
A sharp slowdown in the pace of home foreclosures may help ease the financial burden on bankers by helping them unload a glut of repossessed homes more slowly and ...