James Foxx's (jamesfoxx) Blog

The city council has finally passed an ordinance to ensure that Los Angeles bank owned homes are maintained and that they remain attractive to buyers and to all others in the city. City officials explained that if the estimated 100,000 distressed homes in Los Angeles County are not maintained, th...

A big number of homebuyers are taking advantage of cheap houses being sold in the area of Park Cities and in other city locations. These include foreclosed homes for sale in Dallas, TX and other pre-owned residential properties. The level of home prices at Park Cities are at their lowest rate in ...

Total sales of California foreclosures accounted for 38 percent of total home resales in April, based on data from a market research firm. These homes were foreclosed upon during the 12-month period ended April. The percentage of foreclosure sales in April was an improvement from March, when 40.3...

Buyers are still getting huge discounts for Orlando home auctions for sale despite the slowdown in foreclosure filings. In April, based on sales figures from one of the biggest residential auctions houses in the country, winning bidders got huge discounts of as much as 92 percent. A house on Robe...

Underwater homes in Orlando are considered by some housing analysts as shadow bank owned real estate, as the likelihood of owners walking away from them rises every time price levels move down. Based on data from California researchers, Orlando is first in Florida and third in the nation in perce...

Former owners of Miami bank owned homes are advised to cut deals with their lenders about deficiency judgments so they can live in peace and not worry constantly in the years to come about being pursued for huge debts. A Miami homeowner in extreme financial difficulty negotiated with his lender A...

More owner-occupant buyers purchased foreclosed homes for sale in Phoenix, AZ in April, compared to flippers, speculators and other real estate investors. Local realtors said there were more first time home buyers who planned to stay in their properties for more than 10 years. As price levels con...

The total value of Florida foreclosures repossessed by banks in the state increased by nearly 8 percent in the first quarter to $1.77 billion, based on figures from the Federal Deposit Insurance Corporation. These properties in bank owned listings also contributed to the downfall of a lot of bank...

The month of May has been declared as National Moving Month by the American Moving and Storage Association (AMSA), the trade organization that represents national moving companies in the U.S. The declaration recognizes the efforts exerted by industry members to help households all around the coun...

Home values continued to decline as more Seattle bank owned properties entered the market, based on reports from realtors and a market research firm. In the Puget Sound area, which covers King County where Seattle is located and the counties of Pierce and Snohomish, 25 percent of homeowners with ...