James Foxx's (jamesfoxx) Blog

Bank foreclosure has not been avoided by many distressed homeowners in Texas who filed for bankruptcy protection primarily to save their homes from foreclosure. According to a report compiled by an Addison-based foreclosure analysis firm, a total of 12,170 distressed homes were included in bankru...

Bank foreclosures sales do not mean that foreclosed-upon borrowers are already free from their mortgage contracts. If the difference between the foreclosure sale price and the loan balance is too big, mortgage banks may file a case to collect the difference from the borrower, especially if the ba...

Buying foreclosed property at a bargain is still doable in 2010 despite reports of price appreciation in several areas of the country. According to Lawrence Yun, head economist of the National Association of Realtors, distressed sales and foreclosure sales will continue to rise and put downward p...

Foreclosures for sale meant great deals for buyers in the Sun cities of Arizona in December last year as prices dropped from their price levels in 2008, based on data from the Arizona State University W.P. Carey School of Business. In the Sun City area, the median price for pre-owned single-famil...

Foreclosures homes for sale shot up in number by 95 percent in the city of Chandler, a large suburb of Phoenix, Arizona, over the last two quarters of 2009, as unemployment and poverty levels continued to climb up in the area. According to Dennis Strachota, management services director of Chandle...

Banks foreclosed homes in the city of Henderson continue to grow in number because of its proximity to Las Vegas, according to local analysts and members of the Greater Las Vegas Realtors Association. Henderson grew to become one of the fastest-rising cities and the second-largest cities in Nevad...

The prices of foreclosure homes in metro Phoenix may have bottomed out, according to a report written by Karl Guntermann, real estate professor at the Arizona State University W.P. Carey School of Business, and his associate Adam Nowak. Guntermann said that the median sales price for foreclosed h...

Banks foreclosures in Winston-Salem and in other parts of Forsyth County, North Carolina are being saved by a partnership of private and public leaders in the area. This week, about 70 bankers, state and local government officials, community advocates, state banking commissioner Joseph Smith Jr. ...

Record bank foreclosure list growth delivered a sharp blow to banks, closing banks long struggling from the weight of residential and commercial foreclosures. Just these first three few weeks of the year 2010, nine banks already succumbed to financial pressures and closed. They followed the fate ...

The number of bank foreclosed hotels soared to 62 in California in 2009, an overwhelming 313-percent increase from only 15 in 2008, based on research done by Irvine-based Atlas Hospitality Group. The largest among the foreclosed hotels was the Marriott in Los Angeles which had 469 rooms, making L...