Recently, in the October Beige Book survey, the United States Federal Reserve reported the residential and commercial real estate market in Connecticut had slowed down during the time period in which the survey was conducted. In response to survey results, experts maintain the real estate sector in Connecticut has resulted in slower retail, manufacturing and [...]

Ten buildings in Bronx in a horrendous state of disrepair has been bought by a investor who has promised to attend to repairs, waive part of rent and not to increase rent beyond a certain point. The city officials took up the cause of the renters, initiated court proceedings and brought about this settlement.

Fannie Mae guides families in securing a new home. In reality, people would like to get a new home but for starting families, they also choose the option to buy a foreclosed home. Like any other institutions, Fannie Mae would like to avoid foreclosures because its cost is greater than selling a new home. But [...]

Some pundits said earlier in the year that the economy was correcting itself causing business houses to restock; this in turn led to modest hiring in factories. There were hopes that the wages would lead to spending and more demand. So far hope has not been translated into reality. The reverse is taking place with [...]

The Housing Urban Development Department will sell properties as fast as possible to recover the loss of monies spent on the foreclosures. There is a big rush to sell, because the homes are at market value prices. It creates an open door for the homebuyers to come in and make a profit in the real [...]

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 [...]

There many banks across the nation that are burdened with foreclosed homes, foreclosed land and distressed homes. These properties were initially part of a prospering home mortgage loan program but have quickly taken center stage in lenders’ efforts to return these properties into interest earning mortgage accounts all over again. Foreclosed homes and foreclosed land are acquired after banking customers default on [...]

The US is in the throes of a deep recession. With unemployment at its peak, people are faltering on mortgage payments. Hence, banks are taking over the properties. Foreclosures have become common. Now many Californians have been affected by the real estate crisis. These residents of California had received loan modification for their homes. They [...]