James Foxx's (jamesfoxx) Blog

Dallas foreclosures have been surging in high-end communities over the past several months, according to reports from a Texas-based foreclosure tracking firm and the North Texas Realtors. The number of foreclosed homes priced above $1 million climbed up in Dallas County during the 11-month period...

Brooklyn foreclosures soared by more than 300 percent in November, based on a foreclosure report released by a real estate research company. With 749 foreclosure actions, Brooklyn posted the highest number of foreclosures in New York City in November, more than triple compared to November last ye...

Detroit foreclosures are being contained by the Home Affordable Modification Program based on data recently released by the U.S. Treasury Department. So far this year, a total of 15,237 mortgage loans in the Detroit metro area have been modified under the Home Affordable Modification Program of t...

Bronx foreclosures should not be sold to opportunistic landlords, according to tenant advocacy groups and residents of Bronx and other parts of New York City. As the number of foreclosed homes and apartment buildings increase, community advocates have been expressing their concerns that these low...

Atlanta foreclosures have pulled down three more banks as unpaid commercial and residential real estate loans became too heavy for the three banks to bear. Early this month, the Federal Deposit Insurance Corporation closed Buckhead Community Bank and First Security National Bank in Atlanta and Ta...

Dallas and Fort Worth foreclosures surpassed 61,000 residential units this year, according to data from the Mortgage Bankers Association. Total foreclosures marked an increase of 23 percent from total foreclosure filings last year and an increase in the percentage of fixed-rate mortgage loans goi...

Stockton foreclosures for sale climbed back up in November as the economy slumped, based on data from Associated Press, the California Department of Employment Development and a California-based foreclosure tracking firm. In November, the rate of foreclosures in Stockton soared by 37 percent from...

Tampa foreclosures for sale drove record home sales in October, based on data from the Greater Tampa Association of Realtors and Florida Realtors. Foreclosure sales and short sales accounted for nearly half of total sales in Tampa Bay in October, pushing total sales to increase by 36 percent to 2...

San Jose foreclosures for sale contributed significantly to the reduction of total home values in the area by $9.3 billion since the start of the year, based on data from a real estate marketing company. The loss represented nearly 3 percent of total home values in the area. The loss in home valu...

California foreclosures for sale rose in October compared to foreclosures in October last year as the statewide unemployment rate also climbed up. According to analysts at the University of California-Los Angeles and economists at other institutions, the statewide jobless rate, which reached 12.5...