James Foxx's (jamesfoxx) Blog

With the increasing number of home owners who are finding it hard to repay their loans and mortgages, more and more homes are being foreclosed by their lenders. This phenomenon in the real estate market has created a rising demand for cheap foreclosures that offer investors and buyers with instan...

A common misconception of people who are interested in investing in foreclosed properties is that success can be attained by just being savvy and knowledgeable in the real estate business. Successful investors who have already made a killing in the market actually have commonalities in terms of t...

Despite the surge in number of El Paso distressed properties in March, the pace of home construction stepped up in the area, based on data from the Housing and Building Association of Colorado Springs and on records from El Paso County. The number of building permits issued for single-family home...

A consolidated report released by several research firms showed that the usual suspects, Florida, California, Arizona and Nevada, recorded some of the highest numbers in terms of foreclosure homes by state for March 2010. The report highlighted some of the factors that contributed to the expandin...

State efforts have partly reduced the number of foreclosed homes for sale in Los Angeles in the first quarter this year, based on data from two real estate research companies. Although these two firms differed in numbers of homes in foreclosures in Los Angeles County, both of them showed declines...

Despite the high number of foreclosed homes for sale in Brooklyn relative to other areas of New York, home prices in the Brooklyn area have been stabilizing, as sales of homes in higher-cost Brooklyn areas have been surging. Home prices in Brooklyn fell in the first quarter this year, but not as ...

Foreclosed homes for sale in Phoenix are still dominating the metro housing market, based on real estate studies released by Arizona State University analysts. In March this year, real estate foreclosures accounted for 64 percent of home resales during the month. Around 6,500 units of single-fami...

The success of auctions for Colorado Springs foreclosed homes for sale has inspired local home sellers to conduct auctions for nondistressed homes in the area. Although the concept of nondistressed home auctions is already popular in the Midwest, East Coast and the South, the concept is fairly ne...

Unemployment has been among the major drivers of continued surges in South Carolina foreclosures. The 12.2-percent unemployment rate of South Carolina in March was the sixth-highest jobless rate in the country during the month, despite marking an improvement from the 12.4-percent rate in February...

A state judge in Florida has ruled against U.S. Bank N.A. which filed a lawsuit against Ernest Harpster when the homeowner defaulted on a loan that he supposedly received in January 2007. The ruling is expected to affect how prosecutors look at cases related to bank foreclosure listings. The bank...