Foreclosure filings in the U.S. dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second consecutive monthly decline in filings.
Citigroup is trying something new to keep struggling homeowners out of foreclosure: turn them into renters.
Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.
Dallas Councilman Scott Griggs hopes to finesse an agreement that forgives a Dallas church’s $170,000 in back taxes it never thought it would owe, even though it bought two parcels of vacant land for $25,000.
t $25,000, the congregation at the Set Free Deliverance Church in southeast Dallas thought their new land purchase was a good deal. Then an unexpected tax bill arrived for $170,000 on their newly-purchased, foreclosed property.
Wearing red with their pet-loving hearts on their sleeves, supporters of Cedar Hill’s Pet Memorial Park gathered under the George Allen courthouse canopy Tuesday morning to take their chances at a foreclosure auction that would determine the cemetery’s fate.
David Englett walked around his front yard Wednesday afternoon picking up trash. He understands that comes with being a homeowner. But what he doesn’t understand is being responsible for something that’s no longer his.
Nicholaas Engelhard walked into a Dallas County home looking for a bargain. It was a spacious four-bedroom, in a nice neighborhood, and it was a foreclosure.
A Carrollton company that sells foreclosed properties plans to hire at least 100 new employees this year, and potentially more in the future. Vendor Resource Management employs 365 today and the 13 original employees of the company attended today’s ribbon-cutting at the new corporate headquarters in Carrollton.
Home prices are dropping fastest in the nation’s largest cities, and are expected to keep falling next year.
A joint investigation by every state and the District of Columbia could force mortgage companies to settle allegations that they used flawed documents to foreclose on hundreds of thousands of homeowners.
Amid growing inquiries by law enforcement into dubious paperwork by home lenders, one of the nation’s largest, GMAC Mortgage, said Tuesday that it was expanding its review of foreclosures to all 50 states.
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