Topic: Foreclosures

Walking away from a mortgage you can afford won't be the end of the storyThe news is bad enough that three homeowners out of four in the Las Vegas Valley owe more on their houses than they're worth. And there's no comfort ...

Banks say governments, nonprofits will get first chance to buy foreclosures in new programMajor banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. The Obama administration says local ...

Summary Box: Foreclosures thin number of US homes with mortgages higher than property is worthSLIGHT DECLINE: Real estate data provider CoreLogic says the number of U.S. homes with mortgages that exceed what the properties are worth fell slightly between the second quarter ...

Foreclosures help winnow 2Q number of US homes with mortgages higher than property is worthReal estate data provider CoreLogic says the number of U.S. homes with mortgages that exceed what the property is worth declined slightly in the second quarter versus the ...

NEW YORK (Reuters) - The number of U.S. homes headed for foreclosure fell in the second quarter for the first time since the housing slump began in 2006, but improvements may be fleeting as the number of newly delinquent homeowners rose, a ...

Repeat defaults by borrowers with recently modified mortgages falling, group findsBorrowers who had their mortgages modified recently are faring better than those who had them altered earlier in the housing crisis. That's according to a report Tuesday by a group of state ...

Obama mortgage-aid effort is struggling to stem the rising number of foreclosures in USNearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. The program is intended to help those at risk of ...

NEW YORK (Reuters) - A New York judge has put on hold a foreclosure auction for equity in Manhattan's giant Stuyvesant Town and Peter Cooper Village apartment complexes, a victory for senior lenders owed nearly $3.7 billion after the property's owner defaulted. ...

Obama administration provides more relief for jobless homeownersWhen President Barack Obama visited Green Valley High School in February, he announced a new $1.5 billion fund to help jobless homeowners nationwide avoid foreclosure. The announcement was most welcome in Southern Nevada, which was ...

Head of Philadelphia Housing Authority is facing foreclosure on $600K condominiumThe executive director of the Philadelphia Housing Authority is facing foreclosure. Wells Fargo Bank has foreclosed on Carl Greene's $615,000, three-bedroom, 2,100-square-foot condominium in the upscale Naval Square development in southwest Philadelphia. ...