Housing Market, Foreclosure | featured news

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

Florida has set up foreclosures-only courts to reduce the state’s huge backlog of cases, but borrowers’ lawyers are critical of the process.

Foreclosures could head higher in coming months, as the percentage of borrowers at least one payment behind resumed its rise, new data suggest.

The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.

The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.

A cash-strapped family facing foreclosure stumbled upon what is considered to be the Holy Grail of comic books – a fortuitous find that could fetch upwards of a quarter million dollars at auction.

Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

The number of U.S. homes taken back by banks through foreclosure hit a record high in the second quarter, even as lenders delayed more homes from entering the process through short sales and loan modification efforts, according to data to be released Thursday.

Facing a mortgage payment she couldn’t afford, a Massachusetts woman allegedly faked the death of her son serving in the military, and eventually faked her own death, to avoid foreclosure.

Foreclosure activity fell in 14 of the top 20 U.S. metropolitan areas in the first quarter compared with a year earlier, even though total U.S. foreclosures rose, RealtyTrac said on Thursday.

A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report....