James Foxx's (jamesfoxx) Blog

The drop in Aurora distressed properties in May followed the statewide trend of declining month-over-month. The claws of foreclosure are now moving away from Aurora and creeping into more affluent areas in Jefferson, Boulder and Douglas. Aurora still has the biggest number of distressed houses in...

Landmark Conference and Reception Centre, one of the Fort Wayne bank owned properties that are up for sale, has gained the attention of several interested buyers, according to CB Richard Ellis Sturges, the firm representing property owner First Merchants Bank. Several bank owned properties in Ind...

The surge in sales and prices of single family homes in Michigan in April are adding to many other positive economic developments in the states. In April, statewide home sales jumped up over the year by 9.5 percent, with the average sales price spiking by 14.9 percent. Total sales from January to...

Negative equity and unemployment are driving the surge in Tucson home auctions. In May, 622 homes in Tucson and in other parts of Pima County were repossessed through public auction and another 903 homes are set to get sold off through foreclosure auction if they are not rescued by their owners. ...

Tampa bank owned properties increased in number in May despite the drop in overall foreclosure filings. While total foreclosure filings in the Tampa Bay area dropped over the year by 8 percent to a total of 6,292 postings in May, total units of bank REO increased to 886, up by 33.8 percent from 6...

The pace of flipping cheap property listings in the San Francisco Bay Area has made a resurgence in April. Of the more than 7,000 Bay Area homes that were sold in April, 2.6 percent were units that were purchased by resellers about 3 to 6 months prior. The percentage marked an increase from 2.3 p...

Lower-priced condo foreclosures have been rejuvenating the condo market in Memphis. In April, 67 condo units were sold in Shelby County, where Memphis is situated, a sharp jump of 24 percent from the 54 units sold in March and up by 5 percent from the 64 units sold in April last year. Sales of co...

A program related investment worth $500,000 was provided to the Texas State Affordable Housing Corporation (TSAHC) by the Meadows Foundation. TSAHC is currently in collaboration with several nonprofit home providers to acquire vacant properties and homes that are under Texas foreclosure listings....

The number of San Diego distressed properties dropped in May as signs of economic improvements arose in the area. In San Diego County, the number of foreclosure filings fell to 5,386, marking a sharp 30-percent drop from the total in May last year and a decrease of 2 percent from the previous mon...

Buying Tucson repo homes while they still abound and while they are still priced affordably is a smart decision. In April, foreclosure homes were sold at an average price of $134,967 while new homes were sold at an average of $219,487. Existing homes, meanwhile, were sold at an average of $210,61...