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Tax foreclosure properties and bank foreclosures continue to weigh down home prices in Ohio. The state is also facing underwater mortgage problems of over 20%.

Lenders in Massachusetts allegedly favor letting properties end up as bank or Fannie Mae foreclosure properties rather than unload them in short sales. According to analysts, the reason could be fears of fraud common in short sales.

Foreclosure houses for sale are popular among the current crop of homebuyers, realtors reported. However, most of them are looking for a well-maintained house.

The lis pendens foreclosure problems of U.S. military homeowners are being addressed by Bank of America. The bank has launched several programs for soldiers.

Real estate owned properties and foreclosures continue to affect the construction market of Albuquerque. The metro area lost around 2,000 jobs in the past year.

REO bank owned and foreclosed properties are not as high in Nebraska as in other U.S. states. This allowed home sellers in the region to maintain prices.

Prices of residential properties, including bank and government foreclosures for sale, declined in some areas of Tennessee in November. Memphis was one of the areas that experienced a decline in housing prices for the month.

Bank foreclosed homes buyers trying to secure a home equity loan will face various hurdles. Analysts have asserted that not a lot of applicants get approved.

A tax sale property or a foreclosed house can be purchased cheaply. However, most Americans are still complaining that they cannot find homes they can afford.