James Foxx's (jamesfoxx) Blog

Throughout the housing meltdown, the administration of New York City Mayor Michael Bloomberg has launched various programs to cut down the number of foreclosures in Brooklyn and in the four other boroughs of the city. Another program launched by Bloomberg this week is the NYC Service Legal Outrea...

Some families and investors are choosing foreclosures in Mesa over foreclosed homes in Phoenix. These buyers are looking more at living conditions in neighborhoods than on price discounts. Although home prices in Phoenix fell by a higher percentage than in Mesa, families are looking at the fact t...

Colorado Springs distressed properties surged in both residential and commercial sectors last year, based on foreclosure figures from the trustee and assessor of El Paso County, where Colorado Springs is the administrative city. In 2009, a total of 6,485 homes in the city were hit with foreclosur...

Failed condo and multifamily projects continue to push up foreclosures in Miami, based on commercial foreclosure filings in Miami-Dade County. Among the most recent condo and multifamily foreclosures in Miami-Dade County are five multifamily properties owned by Alvasu Incorporated and 93 condo un...

The mortgage debt forgiveness program of Bank of America may further slow down foreclosures in Los Angeles, as the Home Affordable Modification Program had relatively more impact in Los Angeles County than in other areas. According to reports from the Treasury Department, the Los Angeles metropol...

When it comes to investing in real estate, a lot of people nowadays are a bit hesitant because of the present housing market situation. However, such situation does not deny the fact that there is still much to be enjoyed, in terms of investment opportunities, if you consider foreclosures in Flor...

Jacksonville bank owned homes pushed up housing affordability in the area in 2009, according to a study made by the Center for Housing Policy. The ranking of the metro area rose to 119th among 208 markets studied based on home affordability in 2009. The home sales price median in Jacksonville dro...

A total of 19 banks were closed in March due to their huge losses from bad commercial property loans and record numbers of bank home foreclosures for sale. According to Alan Hess, business professor at the University of Washington, these failed banks made loans that they should have not made if o...

The county of Charlotte in Florida has been buying and fixing a number of vacant homes for sale foreclosures in the area to prevent them from dragging down the values of well-maintained homes and from damaging the economy of entire communities. With $6.7 million in funding from the federal Neighb...

Indianapolis distressed properties are expected to surge, as the number of mortgages in default in the area keeps soaring. A research firm recently reported that almost 8 percent of homeowners with mortgage loans in the ten-county Indianapolis metropolitan area are in default by more than three m...