A reader writes: “I’m considering buying a condominium. Who can I go to who can examine the condo association’s finances? If I could hire someone to do…”

Growing Number of Renters Affected by REO Properties Crisis
The number of renters of REO properties is growing every day, just as foreclosures remain unabated across the country. And tenants’ advocacy groups are quick to point out that recently approved national legislation is not enough to provide protection to renters who are the latest victims of the foreclosure crisis.

Donovan: More Modifications to Contain REO Property
California distressed homeowners, particularly in Northern San Joaquin Valley, were assured by U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan that changes would be made to ensure that more residents would be eligible to loan modifications that will help them avoid turning their homes into REO property.

Lower-Priced Foreclosed New Homes Distress Homebuilders
The low prices and large numbers of foreclosed new homes have been clobbering home builders. But many of them, especially the larger companies, are riding out the recession through various cost cutting methods and maintaining good relations with investors.

Foreclosed Properties for Sale Rising Again in Summit, Ohio
In the past two years, while the rest of Ohio is struggling from large numbers of foreclosed properties for sale, the number of foreclosure filings in Summit has been declining.

Wells Blamed for the Flood of Bank REO Properties in City
Lawyers for Wells Fargo and Co., a mortgage lending company, have urged U.S. District Judge Benson Legg to dismiss a case filed by the city of Baltimore, Maryland blaming it as the cause of the flood of bank foreclosure properties in the area. In its lawsuit, the city claimed that Wells Fargo had preyed on black [...]

Sales from Florida Foreclosed Home Listings Up, Prices Down
Total sales of houses listed in foreclosed home listings in Florida and in Polk County increased in May, according to real estate records in Florida.

Over 2,000 Houses in Tarrant Foreclosed Home Auction
More than 2,000 houses will be sold in Tarrant County’s foreclosed home auction in July, based on foreclosure records in the area.

This entry was posted on Wednesday, July 8th, 2009 at 10:19 am and is filed under Washington Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.