James Foxx's (jamesfoxx) Blog

The drop in number of properties entering Fort Myers foreclosure listings has been raising hopes among real estate professionals, business owners and housing officials in the area. In contrast to the increase in foreclosure activity in the area in February, the pace of foreclosure activity in Mar...

The bank owned property listing and real estate offerings of several financial institutions are expected to expand following courts’ approval of several banks’ request to purchase a handful of real estate from the liquidated property business of landlord Robert Miell. Miell was tried for perjury ...

A total of $154.5 million from the Obama administration has been set aside to contain Michigan foreclosures. Over 17,000 underwater and unemployed homeowners are expected to save their homes from foreclosure. Of these 17,000 distressed homeowners, about 11,000 borrowers currently receiving unempl...

New residential construction surges as the number of San Antonio bank owned homes drops, based on data from the Associated General Contractors of America, McGraw-Hill Construction and several home builders in the area. McGraw-Hill predicted that home starts in San Antonio and in other cities in T...

Record numbers of Orlando foreclosure homes for sale are still pushing down house prices in the area, based on figures from the Orlando Regional Realtor Association. In March, sales of foreclosed houses and nondistressed existing single-family homes increased by a whopping 41 percent to 2,473 uni...

Arizona foreclosures have been contributing significantly to slow economic recovery for the state, according to state legislators, officials and economists. According to Richard Stavneak, legislative budget director for the state, the state budget has already suffered deep cuts, but state finance...

The pace of California foreclosures slowed as banks deferred the completion of their foreclosure actions. According to a research firm, banks operating in California took longer to complete their foreclosure actions by nearly 28 percent in March. Banks were taking 225 days to complete the foreclo...

South suburban mayors in the Chicago area have been coordinating their efforts to contain Chicago distressed properties. According to members of the South Suburban Mayors and Managers Association, the southern suburban areas have the highest percentage of vacant homes in Illinois. Residential val...

Phoenix flippers have been looking at Mesa foreclosure listings to find lower-priced properties that they could flip profitably. The city of Mesa, a suburb of Phoenix in the east, is part of the Phoenix metro area that also includes Scottsdale. In February, foreclosures still accounted for 41 per...

Sharply rising default rates throughout Indiana could trigger a huge surge of Indiana foreclosures, based on data gathered by the Indiana Association of Realtors and Lender Processing Services. Last year, Indiana ranked 18th among states in foreclosure rate. Again during the month of January 2010...