James Foxx's (jamesfoxx) Blog

The growing number of foreclosures and properties under bank owned property listing is just one of the factors believed to have contributed to the city budget problem of Newark, New Jersey. As the city faces an over $80 million budget deficit, officials are considering selling some of the pieces...

The number of postings for bank owned foreclosures and other type of foreclosed properties rose by 59% in Atlanta, Georgia between July and August 2010. The total number of households that have received a notice of foreclosure jumped to 13,130 in August from 8,264 in July. According to analysts,...

If you're curious about how to buy bank owned homes, you probably already know about the savings that bank owned properties can provide. Sold as a result of a repossession by a bank, bank owned homes can often be purchased for anywhere from 10% to 50% below what they would normally sell for. The...

The period of January to June 2010 saw the area of Dallas-Fort Worth, Texas recording fewer foreclosed properties, including homes under foreclosed single family house listings. Total foreclosure figures for the first half of the current year reached a little over 8,800 among the five counties o...

In Illinois, the sale of foreclosed properties, including foreclosed fixer upper houses, is usually handled by the Sheriff's Office. A recent proposed regulation however, will allow lenders to opt for a private company to handle the sale which will likely result in loss of revenue for local muni...

The number of people facing bank and Freddie Mac foreclosures who have gotten long-term loan modification under the U.S. federal government's Home Affordable Modification Program (HAMP) has dwindled in July. According to latest reports, only more than 36,000 homeowners were able to have their mo...

Home auctions may seem daunting at first, but in many ways they actually make buying a property more straightforward. If you're considering buying property at a home auction, it's important to know that you will have to some work beforehand. The first step is to secure financing. Go to a bank or...

Prices of homes in Metro Detroit, Michigan have risen during the 2010 second quarter despite the thousands of foreclosed dwellings under listings of residential properties in the area. The region recorded a 3.5% rise in property prices for the April to June period compared with the January to Ma...

The latest immigration statistics show that Nevada is one of the states that are experiencing considerable declines in illegal immigration. Analysts have stated that this is partly due to the huge number of foreclosures and home short sales in the state. Difficulties in finding jobs and the gene...

In a U.S. federal government-sponsored forum designed to address the problem of high number of bank and Fannie Mae foreclosures all around the country, Federal Reserve Bank of Cleveland president Sandra Pianalto has seconded the suggestion of Boston Fed bank top official Eric Rosengren that loca...