http://www.findforeclosureproperties.com/blog News of Foreclosures, Foreclosure Properties Information and How to Find Distressed Properties for Sale Fri, 03 Jul 2009 18:12:37 +0000 http://backend.userland.com/rss092 en Efforts are made to entice buyers to the commercial real estate market, including reducing sale prices of REO properties for sale. However, Real Capital Analytics reported that sales of commercial properties, such as retail parks and office buildings, remained in place despite the significant price cuts. Market data showed that out ... http://www.findforeclosureproperties.com/blog/foreclosures/price-cuts-on-reo-properties-for-sale-to-lure-buyers A Florida task force reviewing the foreclosure process concluded that the growing REO property listing in the state is due to homeowners' lack of understanding of the foreclosure proceeding. Task force chairwoman 11th Circuit Judge Jennifer Bailey said that homeowners in Florida missed out on many alternatives to avoid REO property ... http://www.findforeclosureproperties.com/blog/florida/reo-property-listing-surge-due-to-mistrust-and-confusion In an effort to help contain the number of foreclosure properties in Ohio, Attorney General Richard Cordray filed lawsuits against three foreclosure prevention services: Foreclosure Home Assistance LLC, 21st Century Legal Services and Financial Emergency Inc. Cordray said the three firms were already ordered to stop offering illegal and predatory foreclosure ... http://www.findforeclosureproperties.com/blog/ohio/ohio-courts-attorney-general-handle-foreclosure-properties Home sales across Northern Kentucky increased in April and May as foreclosure list prices and other housing list prices fell by 21 percent in the region in May, according to real estate sales data in the state. In April, 384 housing units were sold, with an average sales price level of ... http://www.findforeclosureproperties.com/blog/kentucky/northern-kentucky-foreclosure-list-prices-dropped-21-percent If you are doing your foreclosed home search, consider cities that care about the conditions of their neighborhoods. Across the country, several cities have been partnering with nonprofits to maintain foreclosure houses and other distressed properties to protect neighborhoods from blight and decay. These efforts by cities involve grassroots strategies, local volunteers ... http://www.findforeclosureproperties.com/blog/foreclosed-homes/do-your-foreclosed-home-search-in-cities-that-care Mansfield, Ohio is eligible to receive about $1.7 million federal funds under the Neighborhood Stabilization Program (NSP). In line with the plan, Fair Housing Director Don Mitchell has requested the city to authorize him to purchase repossession homes from the Department of Housing and Urban Development (HUD) or Federal National ... http://www.findforeclosureproperties.com/blog/ohio/city-to-buy-and-sell-huds-repossession-homes Arizona received about $121 million federal funds under the Neighborhood Stabilization Program (NSP) in April. And the largest share of the funds went to the city of Phoenix which received about $39.4 million. However, two months after the receipt of the fund, Phoenix has yet to purchase a single property on ... http://www.findforeclosureproperties.com/blog/arizona/nsp-funds-do-not-benefit-listings-of-bank-owned-homes Californians facing financial and repo properties problems may get a boost of help from Whittier Area Interfaith Council's support group which will start its two and half months sessions on July 1. The council believes that the best way to get relief from financial problems is to talk to someone who ... http://www.findforeclosureproperties.com/blog/foreclosure-help/support-group-for-people-facing-repo-properties-problem Over 6,000 properties in Dallas-Fort Worth Metroplex in Texas were added on foreclosure properties listings scheduled for auctions in July. The figures were 62 percent higher than the same month last year. For the few months of this year, over 35,000 residential foreclosures were reported, representing a 20 percent increase from ... http://www.findforeclosureproperties.com/blog/texas/record-high-repo-homes-listings-in-dallas-fort-worth Repossessed homes backlog is reported in California in May. According to data, about 111,824 distressed properties in California were scheduled for auctions. However, only 16 percent of properties scheduled for auctions were actually put on the auction block. Year-to-date comparison showed that 49 percent of foreclosed properties were auctioned off. Additionally, 40 ... http://www.findforeclosureproperties.com/blog/california/lenders-sought-postponement-of-repossessed-homes-auctions