Tag: foreclosure auctions

  • Mabel Bobo, 88, Loses Home When Investor Buys It for $5,000

    Signed, Sealed and Swindled?

    An 88-year-old nursing home patient has lost her home in Charlotte N.C., reportedly for a fraction of what it was valued at in an auction last June, and her family says that she was cheated. Continue Reading

  • Zombie Foreclosures: Borrowers Hit With Debts That Won't Die

    Zombie Foreclosures: Mortgage Debt That Won't Die

    By Les Christie Borrowers are discovering that their foreclosed homes are coming back to haunt them -- long after they have moved out. In these so-called zombie foreclosures, borrowers move out of their homes after their bank schedules a foreclosure auction only to find out months or years later that the... Continue Reading

  • Chicago Foreclosures Aren't Stopping

    Chicago Foreclosures Aren't Stopping

    On the heels of some positive reports about Chicago's housing market, including the surge of home sales in March, that nasty, little word "foreclosure" is back. We've discovered this month that Chicago renters were harder hit than homeowners in the housing crisis, foreclosure auctions are hitting an all-time... Continue Reading

  • Home-Auction Steal in Park City: Cookie-Maven Mrs. Fields' Mansion

    Home-Auction Steal in Park City: Cookie-Maven Mrs. Fields' Mansion

    The former Park City home of Debi Fields -- the woman behind the Mrs. Fields cookie empire -- is on the auction block. Don't worry, the cookie magnate hasn't fallen on hard times. The home's current owner was foreclosed on, and online bidders are anxious to get a taste of the property. The 25,000 square foot... Continue Reading

  • Foreclosure Auctions Move Online

    Foreclosure Auctions Move Online

    Many a real estate dream has died on the courthouse steps during the past two years, via a foreclosure auction. Going forward, these mini-dramas will play out more quietly and efficiently on the Web. To whittle down the load of pending sales-a record 2.8 million properties received foreclosure notices last... Continue Reading