Distressed Properties Sale Articles

The devastating effects of foreclosure houses has not just stopped on homeowners but spread to their pets. Most homeowners who succumbed to foreclosures and abandoned their properties leave their pets behind.

Harris County, Texas District Judge Patricia J. Kerrigan has frozen the assets of several Houston firms charged with operating bank forclosed homes rescue scams.

New programs to help foreclosure-battered areas in the city of Denver have been launched by the city’s Office of Economic Development. Owners of housing units in danger of foreclosed homes for auction can receive help from the program.

Unlike other housing markets, the pace of foreclosed houses in the Philadelphia region, which consists of 13 counties, has slowed down in April, based on RealtyTrac’s foreclosure data.

As inventories of foreclosed homes for sale increase, the median home price for a previously-owned single-family house in metropolitan Atlanta in the first quarter has declined by 25 percent compared to the median last year, according to a report from the National Association of Realtors.

A program to help about 20 to 30 residents in Pacoima and nearby communities in the northeast part of the San Fernando Valley whose homes are in danger of getting forclosed for sale will be discussed by the city council of Los Angeles.

Investment bank Goldman Sachs Group Inc. has decided to settle complaints by the state of Massachusetts over its contribution to the subprime crisis that led to the overloading of residential properties into foreclosure lists.

The South Carolina forclosed property ruling issued this week will just be a temporary relief for many distressed homeowners in the state, according to Don Schunk, a research economist at Coastal Carolina University.

Troubled homeowners in Duluth, Minnesota are being helped by realtors to save their houses from becoming forclosed homes through short sales.