The foreclosed banks owned by the banks have code violations against them but the banks are ignoring it and allowing the units to further crumble. Deutsche Bank, U.S. Bank and Fannie are the worst offenders. The banks contend that as trustees they are not responsible for code violations.

Multiple Listing Services’ data has indicated that the market is in a flux in Grand Strand. Sale of residences has dropped while that of condo has increased. Foreclosures are flooding the market. Short sale has become popular. In some places prices are stabilizing.

The flippers are at work once again – buying and selling houses for a profit. But the flippers of today are different from those yesterday. During the boom years, profits were guaranteed but today there is greater amount of risk and the profits are modest.

In the face of the economic downturn, the housing market has been in a tailspin for the past several years. Drastically lowered property prices, massive amounts of defaulted mortgages, and deceptive and sometimes illegal business practices by home lenders have caused many to pause seriously prior to considering making a new home purchase. The recession [...]

When you are purchasing a new home, you will find that many of the repossessed and foreclosed properties that are available on the market are in need of repair. This can be a great chance for you to get a great deal on your family home if you have the skills or the cash to [...]

The Board of Alderman of Melrose is mulling over plans to pass an ordinance that would financially penalize lenders by imposing an annual fine to the extent of $3,000 for neglecting foreclosed properties. The ordinance suggestion is being given a review by Appropriations Committee of the board. Its target is to clear the neighbourhood of [...]

The US is going through one of the turbulent phases. Unemployment is at its peak. Subsequently people are faltering on faltering on mortgage payments. As a result, foreclosures have become common. Now the US administration has breathed new life into the decadent real estate market. It has come up with a stimulus package that will [...]

The American economy has been one of the worst states this country has ever seen. With unemployment at its peak, people do not have the resources to pay off their mortgage bills. Subsequently, banks have been taking over houses left and right, which has foreclosed homes to rise in places like Nevada, California and Michigan. However, the worst thing of all is [...]