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Want to Buy a Foreclosure? Here’s What You Need to Know

Foreclosures are up in 26 of the 50 largest metro areas in the country, according to a quarterly report released by foreclosure site RealtyTrac.com. This is good news for bargain hunters and intrepid home buyers who want to get a cheap house. If you're planning to buy a foreclosed home, though, there are some things you need to know before taking the plunge.

Back from foreclosure to homeownership

When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners.

Florida foreclosure case could slam banks

NEW YORK (Reuters) - The Florida Supreme Court is set to hear oral arguments Thursday in a lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial liabilities in the state where they face the bulk of their foreclosure-fraud litigation. The court is deciding whether banks who used fraudulent documents to file foreclosure lawsuits can dismiss the cases ...

HUD Study: Housing Counseling Helps Prevent Foreclosure

The U.S. Department of Housing and Urban Development (HUD) has released two reports on the impact of HUD-approved housing counseling has for those families who purchase their first homes and those struggling to prevent foreclosure.

Foreclosure case on despite glitch, confusion

Foreclosure case on despite glitch, confusion