Posts with tag foreclosures

Report: Foreclosures Down, But Discounts Abound

LOS ANGELES -- Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed. Despite the decline, foreclosures still represented 20 percent of all homes sold in the July-September period -- about four times more than at the... Continue Reading »

Foreclosure Actions at Lowest Level Since 2007

After a year marred by red tape and mortgage lender malfeasance, foreclosure activity in 2011 fell to the lowest annual rate since the housing crisis began more than four years ago, according to data released Thursday. Foreclosure filings -- which include default notices, scheduled auctions and bank repossessions -- were... Continue Reading »

2011 in Real Estate: The Top 11 News Stories

It seemed like a race to the bottom this year: Along with continued declines in property values, every season seemed to see another record low in interest rates -- though fewer-than-expected buyers were inclined to take advantage. Also on the way down or stuck in the cellar: the number of Americans who expected to... Continue Reading »

10 Things to Be Thankful For, Even in Real Estate

Finding things to be thankful for in real estate this year requires a little creativity, but in the spirit of Thanksgiving, here goes our list of things and people for which we are grateful: 1. We are grateful for still having our homes. There were at least 2.7 million foreclosures in the past five years and another 3.1... Continue Reading »

Feds Widen Inquiry of Online Mortgage Scams

SAN FRANCISCO -- A criminal investigation into mortgage swindlers has expanded beyond deceptive advertising on Google's Internet search engine to root out con artists who were luring their victims on Bing and Yahoo, too. Monday's news of the widening probe confirmed that the Internet's three largest search engines had... Continue Reading »

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