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FORECLOSURE BUSINESS NEWS
View our vast collection of Foreclosure Reo Real Estate Articles, click on the links below to view each individual article.
More Bank-Owned Homes Likely to Hit the Market 1 Comment It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes banks and mortgage investors own. Why should we ca… Read More »
Owners Stop Paying Mortgage ... And Stop Fretting About It For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Foreclosure has allowed them to stabilize the family bus… Read More »
3 Fla. banks, 1 each in Nev., Calif. shut down Regulators shut down 3 banks in Florida, 1 each in Nevada, California, for 78 failures in 2010 Regulators on Friday shut down three banks in Florida and one each in Nevada and California, bringing t… Read More »
Falling home prices stir fears of new bottom Home prices fall 0.5 percent from February to March, raising fears of a new bottom The housing slump isn't over. Tax credits and historically low mortgage rates have failed to lift home prices so fa… Read More »
Banks, lenders face stiff fines for blighted, foreclosed homes under proposed LA law 4 Comments Banks and other lenders would be hit with stiff fines if they fail to keep foreclosed homes from becoming a blight, under an ordinance to be considered by the Los Angeles City Council today. Under t… Read More »
Mortgage delinquencies drag on economic recovery Mortgage delinquencies and foreclosures break records, weigh on broader economic recovery The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments. A… Read More »
Loan Aid Leaves Some Worse Off 1 Comment One in four in the government's mortgage program is dropped. Here are tales of exhausted savings. More from WSJ.com: • Mortgage Rates Fall to 2010 Low • Cashing In on a Real-Estate Boom • Anger, Fear… Read More »
Tomorrow's Real Estate Trouble Spots In these cities, the housing crisis is expected to worsen. Since the late 1970s casino-rich Atlantic City, N.J., has been a beachfront escape for poker aficionados and Keno-loving retirees from Phila… Read More »
Half of Commercial Mortgages to Be Underwater: Warren 1 Comment By the end of 2010, about half of all commercial real estate mortgages will be underwater, said Elizabeth Warren, chairperson of the TARP Congressional Oversight Panel, in a wide-ranging interview on… Read More »
Gov't to give $600M in housing aid to 5 states The Obama administration unveiled Monday $600 million in financial aid for five more states with high unemployment that have been slammed by the housing bust. The funding is for North Carolina, Ohio… Read More »
Housing's Big "Shadow": Up to 10M More Homes Could Be for Sale With mortgage rates still near generational lows, national home prices down more than 20% from the peak and the government providing tax incentives for homebuyers, it seems like a great time to buy… Read More »
Home prices rise 0.3 percent in December Home prices rise 0.3 percent in December, the 7th monthly gain MIAMI (AP) -- Home prices edged up in December, the seventh straight monthly gain and another sign the housing market continues its bum… Read More »
Fed's Next Move to Hit Housing, Mortgage Rates Even though signs of a housing recovery are uneven at best, the Federal Reserve is about to take off the training wheels it has had in place for more than a year to help the battered market. The Fed… Read More »
Regulators shut down banks in 5 states Regulators shutter banks in Calif., Fla., Ga., Minn., Wash., totaling 15 bank failures in 2010 WASHINGTON (AP) -- Regulators shut down a big bank in California on Friday, along with two banks in Geo… Read More »
Home Prices Stabilize Further, But More Drops May Be in Store Although home prices continued to stabilize in November, real estate experts believe we have another 5 or 10 percent of declines in store before values finally hit bottom. Home prices in 20 major cit… Read More »
Record year for foreclosures as unemployment rises MIAMI (AP) -- A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on… Read More »
Foreclosure buyer demand dips as supply mounts U.S. home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a… Read More »
Home Resale Numbers In West Up 30% Over 2008 Home sales jumped 30 percent in the Western region of the country in November, driven largely by first-time buyers racing to qualify for a tax credit that was set to expire. In the West, foreclosures… Read More »
U.S. existing home sales pace highest in 2-1/2 yrs U.S. existing home sales pace highest in 2-1/2 yrs WASHINGTON (Reuters) – Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years… Read More »
Foreclosures hitting more people with prime loans Delinquencies and foreclosures set 9th straight record in 3rd quarter as layoffs keep rising By Alan Zibel, AP Real Estate Writer On 2:50 pm EST, Thursday November 19, 2009 WASHINGTON (AP) -- A risi… Read More »
Foreclosures to Rise Even More Next Year This News Article Was Posted October 17, 2009 on the Washington Post Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. econom… Read More »
Housing Crash to Resume on 7 Million Foreclosures-According to an article posted on Bloomberg Housing Crash to Resume on 7 Million Foreclosures, Amherst Says By Jody Shenn Sept. 23 (Bloomberg) -- The crash in U.S. home prices will probably resume because about 7 million properties that are l… Read More »
Nine U.S. banks seized in largest one-day haul LOS ANGELES (Reuters) – U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation'… Read More »
Foreclosure Activity Hits Record High in Third Quarter Foreclosure Activity Hits Record High in Third Quarter U.S. Foreclosure Activity Sets New Quarterly Record, Up 23 Percent From Q3 2008 IRVINE, Calif. – Oct. 15, 2009 — RealtyTrac® Read More »
Vegas foreclosure filings up nearly 9 percent in quarter Another report on residential mortgage foreclosures is out, this one largely confirming previously-reported grim statistics for Nevada. On Oct.15, foreclosure-tracker RealtyTrac reported Nevada led… Read More »
FORECLOSURE BUSINESS NEWS 4 Comments New home sales fall a surprising 3.6 percent WASHINGTON – Sales of new homes dropped unexpectedly last month as the effects of a temporary tax credit for first-time owners started to wane. The Comme… Read More »
Comment
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Comment by Earl J. Kornegay on February 13, 2012 at 12:24pm -
Hello prospective business owners. I just joined this group and excited to get started in this business and hoping to operate in Montgomery County, MD. Any advice and info would greatly be appreciated.
Earl Kornegay
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Comment by Rocco L. Mastrangelo "ROCKY" on January 19, 2012 at 6:55am -
We are new to the business. RHPM -"Rocky's House Property Maintenance" located on CAPE COD,MASSACHUSETTS. Looking for advice and tips, if you care to share. E-mail me at rhpm.cleaning@gmail.com
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Comment by Jerry Zenas Todd on January 16, 2012 at 5:39pm
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Yes im looking for more property cleanups in my area i live in Anderson, South Carolina if anyone on here can give me some leads or either have the properties yourself give me a call at 1-864-221-6278 or my email at toddjerry22@yahoo.com Thanks
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Comment by Michael Hosch on January 11, 2012 at 10:35am
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Hello everyone, I just signed up and this looks like a great site to trade info and meet people that are in this business. I'm located in South Louisiana. I'd like to know of any contacts or leads in this area. Anyone needing any services please feel free to contact me @ hoschmichael@hotmail.com. Hope everyone here has a blessed day.
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Comment by German Lainez on January 1, 2012 at 11:02am
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We are GL. Home Improvement Corporation; license # 13VH06565400. We offer our clients the convenience of home improvement and junk removal/clean-out services in the North Jersey area. We are a green and environmental friendly corporation that donates and/or recycles all the junk/garbadge we collect. We are affiliated with the N.J.D.E.P. (Department of Environmental Protection) license number #0034251. We offer FREE ESTIMATES and are known to beat our competitors prices. You can call to schedule a free estimate 201-898-6567 and or contact us via e-mail at gl.homeimprovementcorp@gmail.com
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Comment by Keith Alston on December 16, 2011 at 11:09am -
We are acceptance new clients in North Carolina (Fayetteville). We offer cleanout ,Feild Inspections, Lawn Care,Occupancy Check and more E-Mail keithalston99@yahoo.com
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Comment by loria dean on December 5, 2011 at 8:43am
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Looking for new clients in the Pensacola Florida area aka Greater Gulf Coast
We specialize in trashouts
see our site at http://deansreotrashouts.webs.com or e-mail dean.loriaa@yahoo.com
Thank You for your time-Merry Christmas
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Comment by Aaron Kellams on November 28, 2011 at 10:32am -
Looking for foreclosure cleanout work in chattanooga and surrounding areas. any help would be greatly appreciated, just getting started in this field but it looks promising.
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Comment by jim& carolyn white on August 22, 2011 at 1:10pm
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Looking for work cleaning foreclosures in Boise Idaho we are va new small cleaning company.
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Comment by Dinorah A. Cedeno on August 10, 2011 at 8:28pm
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Looking to work in Foreclosure company in Northern California. Noticing a lot of foreclosed homes in my city alone. Would love to work with REO's and Banking Institutions to get foreclosed homes ready for the next buyer.
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Comment by claudio peralta on July 19, 2011 at 10:06am -
We do foreclosure cleanups and home improvement, very reliable and honest.
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Comment by VERNOILA MATHIS on July 1, 2011 at 1:47pm -
Out of Oklahoma we work really hard! Only getting sub contracts at this time... I had three contractor run off and never pay us for our hard work! I have been doing my home work, I am looking to do away with sub contracting. It's costing me more money. When I don't get paid I have to pay my workers out of my pocket, money I do not have sometimes! I have a great crew they are committed hard workers and ready to work everyday. I have done alot of advertising. The hardest thing for me is finding how to shake the right hand so that I can really keep my crews busy and paid. Does anybody have the secret to getting to the right people, banks ect. I have wrote so many, gotten good info and been mislead all at the same time. We have a couple of years under our belt. We will work on short notice and know the in's and out's on property preservation. Email me with any useful knowledge Pronolaclean@mail.com or peppershaker16@yahoo.com
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Comment by carline scott on July 1, 2011 at 9:33am -
My name is Carline Scott the owner of Carline N son Cleaning company Based out of Boston,Ma. We specialized in all sort of cleaning.
Dedris n Trash removal
Janitorial/ Handyman
Landscaping/Snow Removal
painting
Move in Move Out Services
Residential/Commerical Cleaning.
Re-keys locks.
Inspection.
Iam Reliable independent cleaning comapany who take pride in my works iam certify and qualify to do all kinds of works. For Iinformation please contact me at scarline2002@yahoo.com.
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Comment by Caroline Carter on May 13, 2011 at 7:38pm -
I am learning somthing new here. Starting a foreclose clean-up business is a little challenge for me but I am not going to give up because I know that their are someBODY out there that can give me some information on what I need to do to get start. So far I know that I need to go thought banks and realealtors but what do I say to they. I ask about there foreclose clean-up and all I get are a lots of other number and no answer. So I was thinking about writing the foreclose department a letter but that is more challenge too. So I am going to do some off every thing and see were it take me. If you can help me THANK YOU VERY MUCH.
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Comment by Lisa Marie Hedalen on April 22, 2011 at 7:45pm -
Looking for work in Minnesota. Hard worker looking for anything thats out there. Very dependable and don't mind a lot of hard work, actually I love hard work keeps me on my feet and busy. Send for my assisatnce on any project. quackmn2@gmail.com, or vemmapower4u@hormail.com
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Comment by tom isufaj on April 6, 2011 at 11:50am
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Comment by garth mager on July 5, 2010 at 6:31am -
shopping for hard equity private lender for real estate in florida
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Comment by Michael Christian on June 7, 2010 at 2:36pm
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Foreclosure Rescue & Recovery Program*
Seeking distressed borrowers and bank asset disposition specialists.
Proprietary creative solution.
Perfect for work-outs and loss mitigation restructuring
Not a short sale.
Not bankruptcy.
Not legal dilatory tactics.
Not just another predatory ‘vulture’ fund.
Stops foreclosure and provides for emergence from bankruptcy.
Turns negative cash flow to positive.
Restores ‘toxic’ assets to performing properties.
Positions property owners for positive deferred return.
If you’re a commercial property owner [multi-family, office, shopping center, any nominally cash flowing property] facing foreclosure or a banker with under performing loans on your books, contact me for a customized restructure and payment solution.
*Not all properties qualify. Call for a FREE analysis and consultation
Best Regards,
Michael Christian
FUNDING CONCIERGE
www.FundingConcierge.biz
917-957-2121
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Comment by Armando Gonzalez on April 19, 2010 at 10:21pm
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Very positive attitude from Ms Viola, exaclty define as what it takes to make any change from any field of practice. However there is alway a purpose for this event and that we always can eeither be affected of benefit from the event.
Every action has an equal an oppositive reaction it was one of newtons law.
I am the president of GLOBAL CLEANING SERVICES here at Nashville , TN a young company that had the previledge to clean Bridgestone Arena the house of the Hockey Team PREDATORS!, as well hosted the SEC Basketball events.
Therefore I belive that the number display on the above paragraph will benifit the ones that are prepare to be benefit from only.
Check my Web globalcleaningservices.net
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Comment by S.O.S Property Services on March 25, 2010 at 12:09pm
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Uplifting
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