If you aren’t sure how to buy a foreclosure at an auction, it is actually a very simple process.  This process includes financing, a down payment, bidding and paperwork. If you go to an auction with the intent to purchase a foreclosed home it is your responsibility to know what you are bidding on.  Be [...]

The vacant foreclosed houses in The Legends in Maui are causing reselling problems because of their derelict condition. Agent Anderson carefully tip toes his way across a filthy carpet left behinds as he estimates the costs necessary for making the 1,800 sq ft house habitable once again. John Anderson of a non-profit body Na Hale [...]

The fate of a golf course in Las Vegas is hanging in the balance as it faces impending foreclosure. A bankruptcy judge (federal) is yet undecided about allowing a Texas company, Carmel Land & Cattle Co. permission to foreclose on a golf course just outside Las Vegas. The loan involved amounts to $15 million. There [...]

Foreclosures and delinquencies are now attacking prime mortgage borrowers. Across the nation, 3.07% of all the prime mortgages had entered the dreaded foreclosure zone or were late by 60 days during the second quarter of 2008. The previous record of 1.97% of 1985 has been broken by leaps and bounds according to Mortgage Bankers Association. [...]

Ruby is just one of the many dogs that has been abandoned because her owners have lost their houses to foreclosure. This corgi mix dog named Ruby is seven years old. She is being taken care of by Operation Kindness. Most of those that had found temporary lodgings under Operation Kindness have been adopted. But [...]

The two jumbo mortgage bodies Fannie Mae and Freddie Mac are being targets of the foreclosure blame game by many. To save the two units, that hold nearly half the mortgages of USA, the federal government has stepped in. In the middle of the raging foreclosure crisis the taking over of Fannie and Freddie has [...]

Foreclosures are leaving behind a trail of crime and rot in Minneapolis. Fear is stalking the neighbourhoods. North Minneapolis is particularly affected by these foreclosed units. Paul Halvorson surveyed localities in north Minneapolis and listed more than 30 abandoned foreclosed houses in a 14-block area. It was during the last three months that numbers suddenly [...]

Greater Cincinnati and Northern Kentucky are under siege being overwhelmed with hundreds of foreclosed units. The cities are being forced to bear costs of maintaining or demolishing these foreclosed properties. Banks from outside the state, who are the legal owners, have abandoned the houses. Cincinnati has boarded up some houses and ordered the demolishing of [...]