James Foxx's (jamesfoxx) Blog

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Services for Real Estate Pros - ForeclosureDeals

ARCHIVED BLOG POSTS

2010 

The sale of foreclosure homes will rise sharply in Arizona with the foreclosure of high profile high-rise residential projects – the Centerpoint condo towers in downtown Tempe and the High Street phase of the CityNorth mixed-use project in Phoenix. The Centerpoint was once considered the symbol o...
01/11/2010
Foreclosure home listings and short sale listings are still driving the housing market in Arizona, particularly in the communities of Verde Valley, according to local real estate brokers. Last year, out of 1,038 houses sold in the valley, 529 units or 51 percent were distressed sales. Currently, ...
01/08/2010
More foreclosed properties are expected in New York City's commercial sector as vacancy rates continue to rise and as rents continue to fall in the city. According to analysts at brokerage firm Marcus & Millichap, over 180 major commercial buildings in Manhattan worth $12.5 billion are troubled. ...
01/08/2010
The number of government foreclosed houses has been rising because the percentage of home loans guaranteed by government agencies has been increasing. In November, almost 40 percent of all buyers of pre-owned homes used loans guaranteed by the Federal Housing Administration, according to the Nati...
01/07/2010
Bank foreclosures sales have been rocking small banks in many communities in Georgia partly because they lack personnel who have the experience and expertise to find ways to resolve complex financial problems arising from the foreclosure crisis. According to Joe Waites, a partner and bank consult...
01/07/2010
Every bank owned properties list in South Florida has been including an increasing number of commercial properties since 2009 as developers and property owners continue to be battered by lack of additional bank financing, lack of tenants, decline in rents and lack of property buyers. In December,...
01/06/2010
Bank foreclosure home sales on the Treasure Coast in Florida are expected by analysts to continue growing because of the high jobless rate in the area, the heavy reliance of Treasure Coast’s economy on the housing market for its economic growth, and the expected expiration of the newly expanded a...
01/06/2010
Record numbers of REO bank foreclosures are expected to challenge the U.S. Census Bureau as it carries out its once-a-decade nationwide head count in 2010. According to census officials, they expect that many of their mailed census forms would not be returned by households who have abandoned thei...
01/05/2010
The growth of bank owned property listings is replicated by the growth of several law firms specializing in helping banks pursue foreclosures on delinquent homeowners and other property owners. Over the past several years, a number of law firms have been sharply growing because of record numbers ...
01/05/2010
REO bank foreclosures in Memphis and other parts of Shelby County in Tennessee are being blamed on giant financial services provider Wells Fargo, which is based in San Francisco. The city and the county have filed a civil litigation case against Wells Fargo alleging that Charlotte-based bank Wach...
01/05/2010
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