Buying Foreclosed Homes

Southern California property values sink below historic norms Los Angeles Times, CA The housing market still must clear a backlog of foreclosed homes and faces more than 100000 potential foreclosures. In the first quarter, 135431 mortgage defaults — the first stage in the foreclosure process — were recorded in California, …

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Honda motorcycle dealership hit with foreclosure Bizjournals.com, NC The owners of the closed Honda motorcycle dealership in North Miami Beach face a foreclosure lawsuit from Sun American Bank. The Boca Raton-based bank (NASDAQ: SAMB) filed the action on May 29 against Boca Raton-based Lehman Family Holdings and …

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The Associated Press

Tony Las Vegas development struggles in downturn The Associated Press Last year, the developer, Transcontinental Corp., lost the property in foreclosure after defaulting on $540 million in loans. The new owners of Lake Las Vegas filed for Chapter 11 bankruptcy last summer. One if its anchor hotels, a Ritz-Carlton owned …

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Fairview Apartments faces foreclosure Bizjournals.com, NC The development was built in the 1970s. Orlando-based attorney W. Scott Callahan, who represents Wells Fargo in the foreclosure, did not immediately return a phone message. A leasing manager at the apartment complex said the owners were not available.

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ABC News

Fla. mulls empty homes as storm shelters United Press International But foreclosure attorney Scott Stamatakis of Tampa, Fla., said such a plan was "much easier said than done." He said it might be hard to find out who owns foreclosed properties, and some are controlled by investors who limit their use, The Miami Herald … Foreclosed homes could become hurricane shelters The Associated Press Foreclosed Florida homes considered for hurricane housing MiamiHerald.com Foreclosure Homes Might Be Used For Storm Victim Shelters WJHG-TV Palm Beach Post - MyFoxOrlando.com all 485 news articles

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Cassidy: Foreclosure crisis hits home for counselors, too San Jose Mercury News,  USA "Wait for the foreclosure," she'd tell them, gently. "Save all your money for the time you're going to have to transition. And keep the faith. Family is more important than material things." Though it was Santiago's job at Neighborhood Housing Services …

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Regions Bank escalates foreclosure activity Bizjournals.com, NC Regions Bank has been busy in South Florida's development foreclosure arena, with a $21 million judgment and two sizable lawsuits filed in the past week. On May 27, the Birmingham-based bank won a $21.4 million foreclosure judgment against Quail Hunter …

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Ex-Cop Charged In Home Foreclosure Scheme WPBF, FL Carl Heflin is accused of stealing more than two dozen properties that were about to go into foreclosure. Detectives said Heflin forged names on the property deeds and would then rent those properties to people, take their deposit money and refuse to … Deputies make mortgage fraud bust WPTV Man Bathing In West Palm Canal Finds Body WPBF Police identify man gunned down Monday WPTV WPTV all 6 news articles

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Foreclosures now going beyond the sub-primes Florida Courier, florida TALLAHASSEE – A new report showing Florida among four states that account for almost half of all new foreclosures clouds the economic pep talk Gov. Charlie Crist delivered last week while signing the state's $66.5 billion budget. …

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Examiner.com

Calif. AG Targets Foreclosure 'Consultants' Housing Wire By DIANA GOLOBAY As California eyes sweeping statewide mortgage lending reform legislation, California attorney general Edmund Brown Jr. this week began cracking down on fraudulent activity on another end of the mortgage process–default and foreclosure … California attorney general seeks to deter foreclosure scams Los Angeles Times Foreclosure consultants must register with the state Bizjournals.com Foreclosure consultants put on notice by California's Attorney General Examiner.com San Diego Union Tribune - Inman.com all 28 news articles

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