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Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:

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Housing alert: Flippers are back

As housing prices rise, 'flippers' who buy homes below market value, fix them up and sell them at a profit are returning to the real estate scene. Flippers could play a key role in the housing recovery.
Foreclosures fall nationwide, but problem lingers in some states

Foreclosures fell in June to their lowest leve since December 2006, but a lengthy judicial foreclosure process in certain states is leading to a rise of pent up foreclosure activity.
Zombie foreclosures: 300,000 'undead' properties stalk ex-owners

Zombie foreclosure: (noun) A home whose owner has abandoned the property but which the bank never finished foreclosing upon, leaving the owner legally and financially responsible for the decaying building.
Is it time to invest in foreclosures?

Firms are buying up foreclosed homes and renting them out, hoping to profit from the appreciation. Individuals can do better, if they can buy a foreclosure that justifies itself in rent alone.
Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
Foreclosures hit nine-month high, but starts drop

Foreclosures completed by banks rose to a nine-month high in November, but there's some good news: The number of homes starting on the path to foreclosure fell to the lowest level in six years.
Seven battleground states: Does economy help Obama or Romney?

Seven states have emerged as battlegrounds that may well determine the 2012 presidential election. Here's a look at seven battleground states and how their economic situation is shaping the presidential election:
Foreclosures dipped to a 5-year low in September (+video)

Foreclosures in the US fell 7 percent last month, and 16 percent from the same time a year ago. But the drop in foreclosures is still sharply divided along state lines.
Housing prices: Are short sales in danger?

As housing prices recover, short sales have become an increasingly popular escape route for indebted homeowners. But the future of short sales depends on a tax cut extension from Congress that may or may not come, and realtors argue that housing prices haven't rebounded enough for many homeowners to afford their debt forgiveness as a tax.
Housing rebound? Foreclosures dive in August.

Foreclosures in the US fell on a year over year basis, dropping from a 17-year high in August 2011. At the same time, foreclosure starts increased almost exclusively in states like Florida and New York, where the courts must sign off on foreclosures.
Foreclosed homes: Now, they're hot properties

Growing buyer interest is clearing out more than 1.5 million foreclosed homes, clearing out a huge backlog. Interest in foreclosed homes is highest in states hit hardest by housing crisis.
Why did home sales cool during key spring season?

Sales of previously owned homes fell by 1.5 percent from April to May, the National Association of Realtors reported Thursday. But when viewed in the longer term, sales activity has been rising.
The New Economy Foreclosures down, short sales up. Are banks getting smart?

Foreclosures are down to their lowest levels in nearly five years. One reason: Lenders are increasingly using short sales, instead.
Home prices: New numbers raise hopes they're finally starting to stabilize

Declines in home prices may be slowing, according to one report, while another has found the first year-on-year increase in prices since July 2007.
10 best cities to buy short sale homes

Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?
Bankruptcy jitters in Stockton. Will other cities fail?

Bankruptcy of Stockton, Calif., looms large as city enters talks with creditors. But most other troubled California municipalities are taking drastic steps to avoid bankruptcy.
Foreclosures rise in 26 states

Foreclosures are increasing, ironically, because banks are addressing foreclosures that had been in limbo.
Will $26 billion settlement from big banks repair US housing market? (+video)

In the short term, the deal between 49 states and five big banks may actually boost foreclosures, some say. In the longer term, it should clear the inventory of homes that depresses prices and help the middle class.
Foreclosures: new wave is coming in 2012

Foreclosures are in a seasonal slowdown, but evidence suggests a new surge of foreclosures will arrive in 2012.
12/15/2011 11:39 pm
The New Economy Burt Reynolds sees his Florida mansion go into foreclosure

Burt Reynolds hasn't paid the mortgage on his five-bedroom mansion for a year. Burt Reynolds owes $1.2 million, say creditors in a lawsuit.
08/18/2011 01:06 pm
Stocks end modestly higher; Microsoft gains

The Dow rose about 8 points, closing higher for the second session in a row
05/26/2011 06:40 pm
Fixed mortgage rates at lowest levels of 2011

Fixed mortgage rates are at their lowest level of the year, with the average rate for a 30-year loan at 4.63 percent. Fixed mortgage rates for a 15-year loan now average 3.82 percent, Freddie Mac says.
05/13/2011 10:17 am
Foreclosures on the rise: Is your city on the Top 10 list?

Foreclosures have been huge in cities that rode the real estate bubble in the West and in Florida. But the fastest rise in foreclosures is taking place primarily in far less frothy metropolitan areas of the Southeast, according to a new report by RealtyTrac. North Carolina alone was home to four of the Top 10 fastest-rising foreclosure metros last year. While their foreclosure rates are still quite low compared with most places, these metros and their plight illustrate how the poor economy is driving the housing crisis now.
01/28/2011 09:51 am
The Circle Bastiat A million foreclosed homes – with bad vibes

As foreclosures skyrocket, more buyers consider buying a foreclosed-upon house – but not until the bad vibes are cleared out by a witch or shaman.
01/18/2011 10:05 am
Home foreclosures reach 1 million

Home foreclosures, which set a record in 2010, will hit even higher levels in 2011, RealtyTrac predicts.
01/14/2011 09:29 am