James Foxx's (jamesfoxx) Blog

Let your bank owned property listing grow if you are underwater and your bank refuses to modify your loan, according to Brent White, a law professor at the University of Arizona and author of an Arizona Legal Studies report on underwater mortgages, deliberate foreclosure and the housing crisis. I...

Bank listing foreclosures have been driving home sales in the Florida Keys, based on October home sales data released by a real estate brokerage specializing in Keys properties. According to the company, total home sales across the Keys rose to 3,666 units in October, a jump of 18 percent compare...

Chicago foreclosures for sale pulled down home prices during the three-month period ended September 30, although total sales of previously owned homes increased by 2.4 percent, according to the Illinois Association of Realtors. A total of 21,298 single-family houses and condo units in the Chicago...

The expected increase in number of bank homes in the coming months and in the next few years will arise from the 350,000 option adjustable mortgages that were taken out during the boom years from 2004 to 2007, according to a report released by Standard & Poor's this week. The S&P report showed th...

The number of Houston foreclosures for sale that closed in October decreased, but overall sales of single-family houses rose by more than 14 percent, based on sales data published by the Houston Association of Realtors. Total sales of single-family houses in the Houston metro area reached 5,716 u...

Bank foreclosure list numbers in Texas are muddled by repeat postings by mortgage lenders, according to analysts working for an Addison-based real estate research firm. Analysts explained that repostings by lenders happen because of difficulties in the processing of loan modification applications...

The bank foreclosure prevention program of CitiMortgage, the mortgage lending unit of Citigroup, has been improving significantly, based on its quarterly report released this week and on the statements of its chief executive Sanjiv Das. According to CitiMortgage, it has modified 130,000 mortgage ...

Hialeah foreclosures for sale are still high in number because of the still large number of homeowners submerged by negative equity. Based on a report from a real estate research firm, over 46 percent of all owners of single-family houses in South Florida or almost 388,000 homeowners have negativ...

Buy bank homes in the West where house prices plunged by 38 percent from their peak levels in 2005, based on a study by the National Association of Realtors and a housing report from Associated Press and Re/Max. According to NAR, continued foreclosures in many parts of California, Nevada and Ariz...

The still large number of Fort Lauderdale foreclosures for sale has been holding back home price increases in the Fort Lauderdale, Miami and Pompano Beach metro area, based on reports from Florida Realtors and real estate research companies. In the July-September quarter, sales of previously-owne...