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Foreclosures

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  • How Do You Fix the Housing Market? Bulldoze It Tuesday, 2 Aug 2011 | 2:49 PM ET

    Banks have tried everything to get the glut of vacant homes on the market under control, including flat-out giving them away. But when that doesn't work, what do you do? Rev up the bulldozer.

  • Vacant Homes Will Drown Housing Recovery Wednesday, 27 Jul 2011 | 1:52 PM ET

    A new study found, "foreclosed homes go through more than a year of very high vacancy rates following the auction and are substantially more likely to be vacant up to 60 months after the foreclosure." 

  • Affluent Buyers Reviving Market for Miami Homes Wednesday, 27 Jul 2011 | 10:53 AM ET

    South Florida is the default capital of the country. Here in Miami-Dade County, one out of five households with mortgages is in foreclosure. Nearby Broward and Palm Beach counties are not far behind. Nearly 200,000 South Florida families are stuck in the mire of default the New York Times reports.

  • JPMorgan Files Foreclosure on R&B Artist R. Kelly Wednesday, 13 Jul 2011 | 11:43 AM ET
    R Kelly

    Fame ain't no thing for JPMorgan.

  • Bank’s Deal Means More Will Lose Their Homes Tuesday, 12 Jul 2011 | 10:04 AM ET

    Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country’s largest mortgage servicer, and investors in its troubled mortgage securities.

  • A settlement over foreclosure practices between the nation's five largest mortgage servicers and the states attorneys general will not be reached by next Tuesday.

  • $1.2 Million Mansion for $10K? Wednesday, 6 Jul 2011 | 11:52 AM ET

    abstract goes here

  • Homeowners Get Break On Mortgage—Without Asking Sunday, 3 Jul 2011 | 10:14 AM ET
    Mortgage

    As millions of Americans struggle in foreclosure, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, the NY TImes reports.

  • Existing Home Sales Fall Less Than Expected Tuesday, 21 Jun 2011 | 10:00 AM ET

    Sales of existing homes fell 3.8 percent in May, not as deep a drop as some had forecast, to a seasonally adjusted annual rate of 4.81 million units.

  • Backlog of Cases Gives a Reprieve on Foreclosures Sunday, 19 Jun 2011 | 11:13 AM ET

    Many distressed homeowners have spent years wondering when they’re going to get kicked out. But the backlog of foreclosures has provided a reprieve. In New York, for example, it would take 62 years to process them all.

  • Foreclosure Effects Are Everywhere Thursday, 16 Jun 2011 | 12:21 PM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    Every time we get the monthly foreclosure numbers from RealtyTrac, I hear someone on TV say, 'Well, the problem is really only concentrated in a handful of states." Yes, the volumes are, the problems are not.

  • Foreclosure Activity Falls, but the Worst Isn't Over Yet Thursday, 16 Jun 2011 | 12:02 AM ET
    Foreclosure Sign

    Delays in foreclosure proceedings and a new push by big banks and servicers to find foreclosure alternatives is drawing a new, albeit still troubling picture of the nation's real estate market.

  • Foreigners Make Run on US Housing Market Wednesday, 15 Jun 2011 | 11:12 AM ET
    Vegas Homes

    Falling home prices may be plaguing the US economy, but they are candy to foreign investors, who already have a weak dollar on their side. Buyers from overseas spent roughly $41 billion on US residential real estate last year, a bump up from the previous year. US real estate agents report a surge this Spring especially, as foreign buyers see continued pressure on home prices and ample bargains.

  • Citi's Housing Lessons Learned  Tuesday, 14 Jun 2011 | 2:14 PM ET

    A look at lessons the big bank learned from the housing crisis, with CNBC's Mary Thompson.

  • Foreclosure

    As big banks and Fannie Mae and Freddie Mac push foreclosures through the pipeline, the inventory of bank-owned properties is rising. They're offering incentives for buyers, but investors are getting squeezed out of the equation.

  • Realty Check: Fannie Mae & Foreclosures  Tuesday, 14 Jun 2011 | 11:50 AM ET

    CNBC's Diana Olick has the detailson Fannie Mae offering new incentives to unload its inventory of over 150,000 REO properties and the foreclosure process taking longer in California.

  • Return of Optimism for US Housing Thursday, 9 Jun 2011 | 12:19 AM ET

    The housing market in many US cities is performing better than recently released national data would suggest, leading some analysts and real estate brokers to express cautious optimism about the prospects for a recovery, reported the FT.

  • Falling Home Prices Hit Big Banks, Fannie, Freddie Tuesday, 31 May 2011 | 12:16 PM ET

    Keeping your fingers crossed for the housing market is just the tip of the iceberg. Prices have now fallen, on the S&P/Case Shiller Index, more than they did during the Great Depression.

  • Foreclosure

    Earlier this week, when we got the report of a bump up in sales of newly constructed homes, I cautioned that the home builders are still facing huge competition from distressed properties. Today we have some new numbers showing just how big and how widespread that competition is.

  • Home Builders Still in the Woods Tuesday, 24 May 2011 | 2:48 PM ET
    Drywall

    The best number out of today's report on sales of newly built homes is not the 7.3 percent bump up in signed contracts, it's the drop in inventories to a 6.5 month supply.