Wednesday, August 24th, 2011
Renters are at the receiving end in this foreclosure market. They come to know of the landlord’s predicament at the eleventh hours and react nervously from a feeling of instability. The banks find it easier to sell vacant houses and want the tenants to exit. For this they sometimes give incentives.
Friday, April 8th, 2011
Tweet Three dogs abandoned in front of a foreclosed house without food or water has been rescued after weeks. The shelter officials said that the trio was left exposed to predators and slow death from starvation. The dogs defied fate thanks to the services of a kind soul who had taken upon himself the job [...]
If Buyers Take The REO Route to Buy Foreclosed Houses They Would not Land up in Trouble Losing Both Money and Property
Wednesday, March 16th, 2011
Many who have bought foreclosed houses in Greater Atlanta as well as North Georgia are down in the dumps because although they thought the purchases were bargains now they are finding the hard way that these units are not habitable. This situation would have been avoided if they bought houses through REO.
Thursday, March 10th, 2011
With unemployment persisting, the economy of the country is not the fast growth track as yet. In Ohio there is a sharp difference in sale prices of foreclosed and conventional properties. The former cost about 43% less than the conventional units. 21% of the residential sales came from the distressed category.
Tuesday, January 11th, 2011
The mess left behind by departing occupants is posing problems. The law ties the hands of local administration to do anything effective. It is difficult to locate the owners. This is compelling neighbours to do the cleaning work themselves – this includes caring for abandoned pets.
Friday, December 10th, 2010
Tweet Contractors fixing up foreclosure units resume work. 61 years old David Doan has been doing this job for the last three decades except for the break period following the foreclosure crisis. Foreclosures pull down property prices. Santa Cruz County has been badly battered for the second running year. Doan is glad that investors are [...]
Wednesday, November 17th, 2010
Tweet Mark Guerette is the owner of Save Florida Homes. He has found many foreclosure houses for the needy in Broward County. His tenants are pleased as punch. One of them is Fabian Ferguson who lives with his wife and two kids in a two bed roomed damaged and empty house that they have made [...]
Friday, November 5th, 2010
Tweet Clayton County in Georgia is doing something unique – making use of jailbirds to clean foreclosed units. For over a year one of the residents of the county Frank Heiselman has watched with dismay the vacant house adjacent to his dwelling vanish under weeds and grass and transforming itself into an eyesore. But recently [...]
The Officials of Marco Island are not Turning a Blind Eye to the Hundreds of Deserted Foreclosed Properties
Monday, August 9th, 2010
Tweet The officials of Marco Island are not turning a blind eye to the hundreds of deserted foreclosed properties. Jim Riviere the Interim-City-Manager said that a new post has been created for a foreclosure clerk. He is continually planning on how to solve the problem of stagnant pools, multiplying rats, lawns overgrown with weeds and [...]
Friday, July 30th, 2010
Tweet Banks are being penalized in Los Angles for not maintaining foreclosed properties as the city has stepped up measures to battle the curse of derelict vacant units dotting the state and pulling down the value of property right across the state. The California Mortgage Bankers Association is opposing the new rule that will impose [...]