James Foxx's (jamesfoxx) Blog

The rate of Philadelphia foreclosures is not as high as in most other large metro areas because of the relatively high number of private and public groups cooperating to prevent foreclosures in the area. Among the numerous foreclosure prevention strategies launched by the city, nonprofits and act...

New statistics from Foreclosure Deals, a leader in foreclosure listings industry, show the market for foreclosures is already improving in 2010, with foreclosures down 10% in January from the previous month. Foreclosure property inventories also fell in traditional foreclosure hotspots throughout...

The number of repossession houses is rising in Sacramento due in part to strategies by banks to cut their losses or increase their gains from loans, according to housing advocates and lawyers in the area. Among the banks being accused of systematically forcing homeowners into foreclosure to incre...

Owner occupant buyers and investors can buy foreclosed homes for sale in the five states aided by President Barack Obama with $1.5 billion last week. Prospective buyers can find lower-priced properties in these states because of the high rates of foreclosure and unemployment, and at the same time...

Jacksonville foreclosures in the residential sector soared in 2009 and in January this year and continued its downward pressure on home prices, based on data from foreclosure tracking firms. In 2009, a total of 26,537 households in Jacksonville, the largest city in Florida, were hit with delinque...

Indianapolis foreclosures are still accounting for a big portion of total home sales in the city despite a decline in foreclosure activity in 2009 and in January this year, according to interviews with local realtors. According to realtors, bank foreclosures accounted for around 24 percent of all...

Foreclosed houses for sale surged in number in Dayton, Ohio in January as unemployment spread out into affluent neighborhoods and rural areas. According to data from a California-based foreclosure tracking firm, a total of 1,420 households in the Dayton metro area were hit with delinquency or for...

Bank foreclosures homes have been worsening the cash reserve problems of the U.S. Federal Housing Administration. Based on FHA records, the percentage of FHA-backed mortgage borrowers in default by at least 90 days as of December last year has soared to around 9.1 percent, a sharp jump of 40 perc...

Confidence among home builders in the country rose in February this year, based on the growth of the Index of Builder Confidence of the National Association of Home Builders and Wells Fargo. In February, the index climbed up to 17, higher than the previous index of 15 and higher than the predicti...

Repossessed homes for sale resurged in the counties of Santa Clara and San Mateo in California in January, according to a foreclosure tracking company. In Santa Clara, foreclosure activity stepped up in January by 37 percent compared to December last year while in San Mateo, foreclosures intensif...