real estate, foreclosure

First Superman Comic Saves Family's Home

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 up in 75 percent of top U.S. metro areas

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.

US home foreclosures reach record high in second quarter

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.

Senh: Until banks are willing to reduce homeowners' principals, this will continue to be high. Home values have dropped so much, it's just not worth it to keep them. Also, banks like Bank of America need to get their act together. All they're doing regarding loan modifications is pay lip service to the government. So little loan mods are done, you wonder what they're doing with all the billions the government gave them. Oh wait, that's right, they're giving their execs bonuses for doing such a piss-poor job.

Woman Fakes Own Death to Avoid Foreclosure

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.

Foreclosures fall in most of top metro areas

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.

Foreclosure rates surge, biggest jump in 5 years

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....

Watchdog Group: Obama's Mortgage Aid Plan Wastes Billions

Despite a flurry of recent changes to the program, the Congressional Oversight Panel, chaired by Harvard Prof. Elizabeth Warren, outlines a slew of criticisms in a new report to be released today.

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