Jul 12th 2012 3:45PM
By Alex Veiga LOS ANGELES -- Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values. June provided the latest evidence of this trend, as the number of U.S. homes... Continue Reading »
Jul 2nd 2012 3:00PM
By Christopher Maag Five years into the housing crisis, many Americans are still saddled with homes they cannot afford. Close to 16 million people, or nearly 30 percent of borrowers, owe more on their mortgages than their homes are actually worth, according to Zillow.com, an online real estate marketplace. On average,... Continue Reading »
Jun 15th 2012 11:20AM
Like a dark, ominous cloud, the menace of a foreclosure onslaught has loomed portentously over the U.S. real estate market in recent months, threatening to wash away a fledgling recovery. Now it looks like the storm has hit -- but this time we may be ready for it. After more than two years of sputtering, the... Continue Reading »
May 31st 2012 11:45AM
By Jessica Dickler Homes in some stage of foreclosure accounted for more than 1 in 4 home sales during the first three months of the year, according to a report released Thursday. Distressed properties that were either in default, scheduled for auction or bank-owned accounted for 26 percent of all residential sales... Continue Reading »
Jan 31st 2012 5:00PM
First, Karen Perry endured divorce. Then, the death of all three of her children along with her ex-husband in a plane crash. Two months later, is this Arizona woman about to lose her home? Perry, who has suffered enough heartache for a lifetime, will be moving out of her home in Gold Canyon, Ariz., after the financial... Continue Reading »
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