James Foxx's (jamesfoxx) Blog

Large numbers of houses bank foreclosures have pushed four more banks in Florida and in California to failure, driving the total of failed banks in the U.S. to 124 banks so far this year. This month, Commerce Bank, Orion Bank and Century Bank in Florida and Pacific Coast National Bank in Californ...

Fort Worth foreclosures for sale grew in the residential sector in the three-month period ended September as home loan defaults rose, based on data from the Mortgage Bankers Association and from a foreclosure research firm. According to the MBA, nearly 10 percent of Texas homeowners defaulted on ...

The bank foreclosure list of Brooklyn, New York-based Sovereign Bank contains lots of multifamily properties in South Florida, based on foreclosure filings in the county courts of Broward, Palm Beach and Miami-Dade. Among these foreclosed properties are four apartment buildings in Broward, namely...

Pittsburgh foreclosures for sale curtailed home price increases in the July-September quarter, based on data from the National Association of Realtors. The median sales price for single-family homes during the quarter in the Pittsburgh metro area increased by only $400 to $124,600 from $124,200 i...

Phoenix foreclosures for sale have been growing in the commercial and industrial sectors, based on several published reports of industrial and commercial foreclosure sales in the Phoenix metro area in recent weeks. Among these is the sale of the foreclosed La Mesa Village apartment complex in Mes...

Investors are advised to buy bank homes in Orange County, California where mortgage defaults are still high and where profit prospects are great. In October, banks have started foreclosure proceedings on 2,152 residential properties in Orange, down by more than 3 percent from proceedings in Septe...

Philadelphia foreclosures for sale dropped in number in October, but defaults on residential construction mortgages loomed as more banks report on problems with their housing development loans. According to a foreclosure report from a California-based real estate research company, 0.42 percent of...

Buying foreclosure auction properties online can save you time, effort and money, but you need to make extra research to protect your investment. When you buy a property from an online foreclosure auction, the auctioneer gives you time to research the properties, including time to physically insp...

The foreclosed homes sale recently closed by Goldman Sachs Group in downtown Kendall, just outside Miami, showed how deep condo prices have fallen in the area over the past year. Goldman sold a total of 158 foreclosed condo units in its Kendall project called Downtown Dadeland for only $113,000 e...

Orlando foreclosures for sale are still high in number despite a decrease in foreclosure postings in October, based on a foreclosure report released by a real estate research company based in California. In October, the four-county Orlando metro area had 7,552 of its housing units in foreclosure,...