Foreclosure can be a long process. It starts when a homeowner defaults on a mortgage and a bank or financial institution repossesses the home. And it ends when the bank sells the property to recoup ...

Headlines scream almost daily about soaring foreclosures, that more than 1 million homes were lost to foreclosure in 2008 and the number is expected to top 1.2 million this year. The good news in Las ...

One good thing that came out of the housing recession is today’s opportunity for consumers to more easily purchase bank-owned homes or real estate owned (REO) properties. However, many traditionally ...

Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property. As a result, the ...

Buying a foreclosed home is a little different from buying a typical resale. In many cases: • Only one real estate agent is involved. • The seller wants a preapproval letter from a lender before ...

The vacant, foreclosed home that once stood at 210 S. Mansfield St. in Ypsilanti Township seemed to defy physics in not collapsing on itself. For several years, two walls leaned inward while another ...

Fair housing groups filed a federal discrimination lawsuit against Bank of America on Tuesday claiming that the lender unfairly exposed minority communities to more crime, poor quality of life and ...