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James Foxx

Bank Owned Condominiums and Foreclosure Problems Affect Police - 0 views

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    Bank owned condominiums and foreclosures affected most people in Michigan, even police officials. The city of Detroit has launched a program to assist them.
James Foxx

Foreclosed Cheap Homes for Sale Continue to Rise in Michigan - 0 views

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    Cheap homes for sale and empty foreclosed houses continue to increase in certain Michigan neighborhoods. The problem prompted nonprofits to set up a task force.
James Foxx

Bank Owned Homes for Sale Expected to Influence Subdivision Project - 0 views

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    Bank owned homes for sale remain high in Michigan, causing analysts to question the soundness of new subdivisions. In Flint, an old one is set to be restarted.
James Foxx

Federal Home Loan Mortgage Corporation Foreclosure Numbers High in MI - 0 views

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    Federal Home Loan Mortgage Corporation foreclosure and bank foreclosures in Michigan remain high. Borrowers are blaming the state's foreclosure processing law.
James Foxx

Lenders Pursue Borrowers Even After Bank Owned Land Sale - 0 views

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    Bank owned land sale and residential foreclosure sales often fail to get enough to cover outstanding debts. Lenders are using mortgage deficiency to get more.
James Foxx

Property Values Expected to Drop Due to Distressed Homes - 0 views

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    Distressed homes and foreclosures are expected to contribute to a drop in property values in Oakland County. Assessors are predicting values to fall in 2011.
James Foxx

Home Values Fall As Bank and Freddie Mac Foreclosures For Sale Grow - 0 views

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    The large volume of bank and Freddie Mac foreclosures for sale continue to dampen home values. Job losses are also a major factor for the decline.
James Foxx

New Homes Market Set to Compete with Foreclosures and HUD Homes - 0 views

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    HUD homes and foreclosed properties have held back home construction in Michigan in the past. Analysts have stated though, that new houses are on the rise.
James Foxx

More Real Estate Owned Properties Fall into Disrepair in Michigan - 0 views

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    Real estate owned properties and other foreclosures owned by non-local people are falling into disrepair in Michigan. A number of them can be found in Detroit.
James Foxx

Restoration Targets Listings of Short Sales and Distressed Homes - 0 views

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    Listings of short sales and foreclosures are providing Michigan with homes to restore. The state is using NSP funds to rehabilitate and sell distressed houses.
James Foxx

Distressed Property Auction Sales Attract Buyers in Michigan - 0 views

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    Distressed property auction sales have attracted buyers in Michigan. Despite declining property values, analysts hope the housing sales will help the area recover.
James Foxx

Foreclosed Single-Family Dwellings to Be Redeveloped in Township - 0 views

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    Several foreclosed single-family houses will be either redeveloped or demolished as part of a neighborhood revitalization effort in Leoni Township. The program is financed by U.S. federal funds.
James Foxx

Foreclosure Auction Listings Not Helped by Appraisal Rules - 0 views

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    In Detroit, sales of properties in foreclosure auction listings are being held back by appraisal laws. Agents have complained that appraisals are too low.
James Foxx

People Flipping Repo Houses Found a Huge Market in Michigan in 2010 - 0 views

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    Investors involved in flipping repo houses found Michigan a profitable market in 2010 as repossessions reached record levels in the area. The state was seventh countrywide in terms of foreclosures.
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