Foreclosure Nation

The market’s been flooded with REOs, and banks are struggling to get these properties off their books and back into the hands of responsible homeowners. According to Field Asset Services, the answer to moving these properties faster is simple – with some pretty standard repairs, such as fresh paint...

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According to Clear Capital home prices slipped 5.0% in April compared to 3 months earlier, a 1.1% decline on top of the quarterly decline reported last month. But at least the decline seems to be slowing. Between February and March the drop was 3.9%. And year-over-year values show a 5.1% gain. ...

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Another problematical component are current REOs held by banks and at what rate will banks dispose of those properties. Experts state that many of the REOs in high-demand areas (such as California) are being "bundled" in hundreds and sold to investors. However, these transactions are not reflected i...

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