It may have taken lenders quite a while to figure this out, but “short sales” priced aggressively will sell faster. And that’s exactly what’s happening in hardest-hit housing markets, as lenders ...

After a three-year lull, there has been resurgence in short sales – when properties are sold at a loss – indicating that banks are trying to push through inventories of pre-foreclosure properties. There was ...

An estimated 8 million children are or will be affected by the nation’s foreclosure crisis, according to a new report released by First Focus, a bipartisan family advocacy organization. Of the 8 million children ...

Bank of America is seeking bids on a bulk offering of mainly vacant foreclosed homes, some of which the lender acquired from its merger with Countrywide. The nation’s second largest bank has sought bids for up ...

The 572,928 foreclosure filings for the first quarter of 2012 marked the lowest total since the fourth quarter of 2007, according to RealtyTrac’s quarterly update. The total for first quarter 2012 filings was ...

The regulator over Fannie Mae and Freddie Mac will decide this month if the two taxpayer-subsidized mortgage financing companies will embrace mortgage write-downs as part of the Obama’s Administration’s ...

Just 136,000, or 3 percent of those eligible, have applied for a review of possibly botched foreclosures by mailing in forms requesting an audit, according to the Office of the Comptroller of the Currency, the primary ...

The U.S. housing chief said there is a “compelling” case for the regulator over Fannie Mae and Freddie Mac to allow principal write-downs for “underwater” homeowners on mortgages they own. Mortgage write-downs ...

A federal judge’s approval this week of the $25 billion mortgage settlement between the top banks and government officials has given the green light for Joseph Smith to officially begin the work of getting foreclosure ...

With new guidelines, the Federal Reserve has paved the way for banks to convert foreclosed residential properties into rentals “in light of the extraordinary market conditions.” The Fed also said that Banks ...