James Foxx's (jamesfoxx) Blog

The huge number of Fannie Mae and Freddie Mac foreclosures contributed to the fall of the two mortgage giants and thus, authorities are interested in how these problems came about. The U.S. Federal Housing Finance Agency has announced that 64 subpoenas have been issued to a number of financial se...

The slowdown in Los Angeles foreclosure auctions in June improved home prices and pushed up the sales price median in the county by nearly 5 percent to $335,000 from the June 2009 median price of $320,000. Foreclosure activity slowed in Los Angeles and in other counties of Southern California, as...

In New Mexico, Albuquerque bank owned homes for sale and foreclosed properties are common parts of the area's housing market. However, it is not just residential properties that are getting foreclosed in the city, but commercial and business premises as well. One of the creditors of the Albuquerq...

The expected increase in the number of single family foreclosures is not the only factor threatening the economy of Louisiana and its residents. According to local economists, the closure of the Northrop Grumman Corp. shipyard will also take its toll on the state's economic condition. Several are...

In an effort to address the problem of mortgage delinquency and foreclosure in the state, legislators have established a new law that will speed up the process of Colorado foreclosures. The law will take effect on August 1, 2010 and lenders who own abandoned collateral can take advantage of this ...

Investment activities in Los Angeles repossessed homes are still up despite the slowdown in foreclosure activity. Absentee buyers, who are largely investors, accounted for almost 20 percent of all home purchases in Southland in June. Additionally, cash purchases, which are also typically purchase...

More buyers are earning from Scottsdale distressed properties for sale, as more homeowners decide to avoid foreclosure through short sales. Since the launching of the Home Affordable Foreclosure Alternatives initiative in the first week of April, one Scottsdale-based real estate firm which decide...

The problem of foreclosure continues to hound Texas. Statistics showed that the number of Corpus Christi bank owned homes for sale continues to climb, while foreclosure rates for the whole state rose significantly during the first half of 2010. Figures from January to June showed that Central Tex...

A family from Houston, Texas has issued a warning to other households who are planning to acquire the services of moving companies in the area. The family reported that a relocation company charged them $5,000 for moving their belongings a few blocks from their original residence. According to Ho...

Commercial homes for sale and mixed-use projects all around the country were not spared by the recession that hit the U.S. In Georgia, the Castleberry Point development which was started in 2008 ended up with only about 60% of its units sold or occupied. The project was considered a promising one...