Looking for bank owned homes with big price drops?

August 23rd, 2011 by Admin
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Check out these bank owned homes in Orange County with the biggest price drops. These homes typically represent the best deals in bank owned homes today. You can view them here.

Tags: Bank owned, deals, foreclosure, price drops, REO

Freddie Mac offers incentives on REOs

May 21st, 2011 by Admin
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Hoping to boost sales of foreclosed homes, Freddie Mac is offering up to 3.5 percent in closing-cost assistance to homebuyers and a $1,200 bonus to buyer’s agents for offers on HomeSteps properties received by July 31 with escrow closing on or before Sept. 30.
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Tags: assistance, Bank owned, fannie mae, foreclosure, freddie mac, lending, loans, REO

Foreclosure filings down for 7th straight month

May 12th, 2011 by Admin
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The number of foreclosure filings issued in April plunged 34% from a year ago — the seventh straight month of declines. And there were just 69,532 homes repossessed last month, a 32% fall from the peak last September just before the eruption of the “robo-signing” scandal, in which banks were found to be mishandling the foreclosure process. Read more here.

Tags: Bank owned, foreclosures, lender owned, REO, short sale