foreclosure auctions - Articles

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

How does a house worth more than $200,000 get sold for a mere $5,000? Pure deception, says the family of an 88-year-old woman who, they claim, was swindled while she lay sick in a nursing-home bed. Mabel Bobo (pictured above left with her daughter) owned her Charlotte, N.C., home for 56 years and raised three kids there.... Continue Reading »

Zombie Foreclosures: Borrowers Hit With Debts 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 auction never... Continue Reading »

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 high, and... Continue Reading »

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 mansion is... Continue Reading »

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 year, up 21... Continue Reading »

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