Jun 29th 2012 5:15PM
A government-sponsored REO-to-Rental program that aims to soften the blow of foreclosed homes to the housing market has entered a new stage. The Federal Housing Finance Agency, which controls Fannie Mae and Freddie Mac, recently announced that it has selected the winning bidders of a preliminary program that will allow... Continue Reading »
Apr 7th 2011 9:12AM
The Naples, Fla., police department doesn't fool around when it comes to ridding a foreclosed home of illegal squatters. A SWAT team, called to a foreclosed home last month due to a so-called disturbance, gassed the place in an effort to force out a possible squatter who allegedly was hiding in the attic. In the end, three... Continue Reading »
Feb 4th 2011 5:27PM
We don't expect foreclosed homes to be in mint condition, but what Tom Moon of Pacific Moon Real Estate saw when he walked through the doors of a 3,000-square-foot bank-owned home in Huntington Beach, Calif., was perhaps the worst case of home vandalism ever. Most walls in the house were splattered in mold, a second floor... Continue Reading »
Jun 2nd 2010 3:30PM
With foreclosures at record highs, buying a foreclosed home might be a great deal, but the risk of getting a lemon also is greater. Home inspectors don't always catch all the flaws in foreclosed homes that have remained empty for months, if not a year or longer. Here are the top areas, from air conditioning to... Continue Reading »
