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James Foxx

Distressed Homes and Bank Owned Land Foreclosures Drag Prices Down - 0 views

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    Bank owned land foreclosures and distressed homes continue to drag housing prices down in Philadelphia. Sales of existing dwellings were also down in February.
James Foxx

Omaha Market Considered Strong Despite Bank Foreclosures Short Sales - 0 views

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    Bank foreclosures short sales and other types of houses posted higher sales in Omaha in 2010. For the current year, analysts are expecting more improvements.
James Foxx

Cold Weather Kept Buyers of Bank Foreclosure Properties Indoors - 0 views

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    Bank foreclosure properties remain unsold in Missouri as potential buyers wait for the winter to end. Snow storms have reportedly put consumer spending on hold.
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

Prices Improve Despite Supplies of Homes in Bank Foreclosure Listings - 0 views

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    Homes in bank foreclosure listings remained high in most areas of New Orleans last year. However, they did not prevent Orleans Parish prices to gain strength.
James Foxx

Bank Repossessions and Foreclosures Continue to Hit House Building - 0 views

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    Bank repossessions and foreclosures in Tennessee hammered the house construction market last year. Values of home building contracts declined in 2010.
James Foxx

U.S. Reveals Plan for Addressing Foreclosure Homes Problems - 0 views

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    Oversupply of foreclosure homes has created serious problems for the U.S. home market. The administration has proposed a plan meant to address these problems.
James Foxx

Investments in Bank Owned Land Showing Some Signs of Life - 0 views

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    Bank owned land and other cheap pieces of undeveloped real estate are gaining the interest of investors. In Minnesota, a farmland was bought by a REIT recently.
James Foxx

More Buyers of Properties in Bank Foreclosure Lists Expected in Spring - 0 views

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    Sales of bank foreclosure lists and other residences are expected to improve in Louisville this spring. Housing sales are traditionally good during this season.
James Foxx

More Buyers Expected to Purchase Bank Owned Repos in 2011 in California - 0 views

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    Contracts to purchase bank owned repos and other residential properties are expected to rise in California. For 2011, realtors predict more buying activities.
James Foxx

More Homes Ended in Sales of Bank Owned Residential Properties in 2010 - 0 views

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    Sales of bank owned residential properties are expected to rise in 2011 as more foreclosures happened in Springfield in 2010. Foreclosures were up by over 18%.
James Foxx

REO Homes and Distressed Houses Expected to Decline in Allen County - 0 views

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    The number of REO homes, foreclosed dwellings, and distressed residential properties is expected to decline in Allen County in 2011. The prediction signals an improvement in the market, analysts stated.
James Foxx

Sales of Real Estate Owned Homes Remain Strong in Fayetteville - 0 views

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    The housing market of Fayetteville performed better than most U.S. markets, according to economists. Sales of real estate owned homes and other dwellings remain strong in the area despite the crisis.
James Foxx

Foreclosed and Repossessed Houses Decline in the First Month - 0 views

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    Total number of foreclosed and repossessed houses recorded in some areas of Texas declined in January when compared with the previous month. In some markets, the decrease was as high as over 30%.
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