Banks, regulators start massive review of foreclosures

Some people who lost their homes to a foreclosure system wrought with error and misconduct may now request their cases be independently reviewed and potentially may be compensated. Read more here.

Tags: distressed, foreclosed, foreclosures, REO, short sales, underwater

Looking for bank owned homes with big price drops?

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

Search bank owned homes by city now!!

You can easily search for bank owned homes by city now making it as easy as it has ever been to find a great deal int his market. Start your search here now.

Tags: bank owned homes, deals, foreclosures, REO, short sale

Freddie Mac offers incentives on REOs

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

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