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Home Foreclosures News

Foreclosures slow to trickle as lenders adapt

A sharp slowdown in the pace of home foreclosures may help ease the financial burden on bankers by helping them unload a glut of repossessed homes more slowly and delay booking losses from the sale of distressed properties.

Black Man Buys $300k House For $16, Neighbors Upset

A Texas man took advantage of a little-known provision in state law and now has a whole neighborhood mad at him. Kenneth Robinson, who many are looking at as either a hero or squatter, recently landed an abandoned home worth $300,000 for $16.00.

Foreclosure Fraud May Cost Big Banks $20 Billion | AOL Real Estate

The nation's largest mortgage companies are operating on the assumption that they will have to pay as much as $20 billion to resolve claims of widespread foreclosure abuse, an amount four times what they originally had proposed, the top federal official overseeing the discussion …

Americans at risk of foreclosure rose in Q1

The number of Americans at risk of foreclosure increased this year, a troubling sign that the housing crisis is far from over.

Risk of foreclosure dips, but remains elevated

Fewer Americans fell behind on their mortgage payments in the final three months of last year, but foreclosures are still rising.