Home / News / REO (page 191)

REO

REDC Sued for $132 Million

National Home Auction Corporation (NHA), a now-defunct real estate company specializing in the marketing and auction-style sale of lender foreclosed properties, filed a lawsuit against Real Estate Disposition Corporation (REDC) in an Orange County Superior Court on Friday.

Read More »

Investors Target Arizona Foreclosures

Investors are zeroing in on the distressed housing market in Arizona. According to the research firm MDA DataQuick, nearly 4 out of every 10 homes sold in the Phoenix area in April were snatched up by absentee buyers, which typically constitute investors or vacation property purchases.

Read More »

REOTrans Certifies Agents in REO

The volume of defaulted real estate coming onto the market nationwide has reached unprecedented proportions, with more than 40 percent of homes for sale representing lender real-estate-owned properties.

Read More »

Foreclosures Drop Six Percent

Foreclosure filings fell six percent during the month of May, according to the U.S. Foreclosure Market Report released by RealtyTrac on Thursday. Despite the monthly decline, the nation’s foreclosure numbers are nearly 18 percent higher than they were in May 2008.

Read More »

BofA Facilitates Cities' REO Purchases

Bank of America Home Loans recently announced a new streamlined program for municipalities to purchase properties from its REO portfolio. The new guidelines are exclusively for local and state government departments receiving HUD’s Neighborhood Stabilization Program (NSP) grants.

Read More »

Foreclosures Could Attract Summer Pests

As foreclosure numbers across the country continue to climb and temperatures heat up, the National Pest Management Association (NPMA), headquartered in Fairfax, Virginia, is reminding homeowners and the industry to remain vigilant of an ancillary issue stemming from continued increases in vacated homes – potential mosquito infestations in the summer months, especially in and around those foreclosed properties with backyard pools.

Read More »

Clark Street Sets Up REO Buyer Database

Clark Street Capital, a Chicago-based provider of asset management and advisory services, announced on Monday the launch of its Bank Asset Network. The company says the online portal is the first buyer-centric database of its kind offering a secure, tailored venue for the investing public to purchase REO properties.

Read More »