Foreclosure News

Rich Burleson, with Mid-America Elevator Co., works on elevator controls at the new Greenwood City Center, 300 S. Madison Ave., Tuesday, March 11, 2014.

Curtis Olson stands in front of a string of condemned houses on East Brookeside Street on March 12, 2014.

Several community assistance organizations are suing California, alleging the state improperly diverted nearly $370 million that was intended to help homeowners struggling with foreclosures.

Three community assistance organizations sued Gov. Jerry Brown and other state officials on Friday, alleging the state improperly diverted nearly $370 million that was intended to help homeowners struggling with foreclosures.

Last week, the Florida Third District Court of Appeal dealt the final blow to an often-used strategy by condominium associations.

But to make it work, the city needs the support of the financial community, which it alienated with the misguided plan to save some homeowners from foreclosure by seizing mortgages from lenders through eminent domain.

Foreclosure activity dropped to its lowest level last month since December 2006, according to the housing data site RealtyTrac , but the numbers for New Jersey weren't as promising.

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A Mullica Hill man was sentenced Monday to 18 months in prison for his role in a scheme that resulted in at least 35 fraudulent mortgage loans worth more than $10 million.

Illinois is still in second place for states with the most owner-vacated foreclosures, or " zombie properties " as some call them.

Douglas County was 12th in Georgia in February foreclosures , according to data cited by the Douglas County Sentinel.

If you're wondering which homes in the area are foreclosed, our partners at Zillow have compiled this list in every price range.

A new $15,300 political attack against Dave Trott, dubbing him the 'foreclosure king,' is the opening salvo against the Republican Oakland County primary challenger to U.S. Rep. Kerry Bentivolio for his line of work.

Zombie foreclosures result when banks begin a foreclosure -even going so far as to send the homeowners a foreclosure notice - but then abandon it, failing to alert the homeowners, who have often moved out, that they are still responsible for their vacant properties.

Foreclosure activity dropped in February to its lowest level in more than seven years, data released by RealtyTrac today shows.

RealtyTracA , the nation's leading source for comprehensive housing data, today released its U.S. Foreclosure Market Reporta for February 2014, which shows foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 112,498 U.S. properties in February, a 10 percent decrease from January and down 27 percent ... (more)

Foreclosures continue to be a smaller part of the local housing markets of Northwest Arkansas and the Fort Smith metro area.

Foreclosures are at a seven-year low nationwide. Inn California, however, the number of notices of default - the first step of the foreclosure process - jumped.

The real estate marketing is recovering from the recession. Home sales are up, prices are rising, and new houses are being built.

RealtyTrac today released its U.S. Foreclosure Market Report for February 2014 , which shows foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 112,498 U.S. properties in February, a 10 percent decrease from January and down 27 percent from February 2013 to the lowest monthly total since December ... (more)