Programs to Contain California Bank Foreclosed Houses As the unemployment rate continue to rise across California, some nonprofit agencies bonded together to try to provide relief to troubled residents. One of these nonprofit agencies is the American Canyon Family Resource Center. Officials at the center said that it partnered with other agencies in an effort [...]

New Jersey Foreclosure Filings Soared in the First Half The pace of foreclosures in New Jersey increased in the first half of 2009, compared to foreclosures in the first half of last year, according to data issued by the New Jersey Judiciary. The number of foreclosure filings increased by over 30 percent in the first [...]

Foreclosed Home Prevention Program Helped 60,000 Homeowners A recently released government data showed that the Obama Administration’s home refinancing program has helped more than 60,000 troubled homeowners avoid foreclosed home since it was launched in April. The refinancing program is geared towards borrowers who have little or no home equity. It is part of the [...]

Commercial Real Estate Foreclosures Down Colonial BancGroup The deal for North Carolina-based BB&T Corp. to acquire the branches and deposits of struggling Alabama-based bank Colonial BancGroup has been approved by the Federal Deposit Insurance Corp., which has been appointed as receiver of Colonial. After news of the planned acquisition spread, stocks of BB&T Corp. rallied [...]

Bidding Frenzies for Foreclosures in Fort Myers, LA, Phoenix Bidding frenzies have sprung up again in many housing markets across the county as banks list their real estate owned foreclosures and as homeowners list their properties at prices below the average to attract interest and create competition among home buyers and investors. The sharpest increases [...]

Economists: Unemployment to Boost Number of Foreclosed Homes The growing number of jobless people in the country will add to the worsening foreclosure problem, according to economists and bankers. They said that the rising unemployment rate will overtake subprime loans as the main factor that will drive up the number of foreclosed homes in the [...]

Project: Buy on Foreclosed Homes List, Fix, Sell to Veterans A project has been launched with a purpose to buy on foreclosed homes list, rehabilitate and then sell them at affordable prices to disabled veterans. This project is spearheaded by Northern Nevada residents, R.G. Smith and Jim Helsel. Both of them share a common passion [...]