Neighborhoods in southwest Florida and elsewhere are losing more than just neighbors. Homeowners in foreclosure are ripping out bathtubs, wiring, countertops, sinks, windows, garage doors and even the trees from the yard and selling them for cash. As ..., more
and Next foreclosure wave is in view - Los Angeles Times Blogs Amid rising unemployment and falling home prices, mortgage defaults have surged to record levels this year. Until recently, many banks have put off launching foreclosure action on the troubled properties, in part because they had signed up for the ..., more
and Housing market spurs bidding wars - Bakersfield Californian It sure is. Home buyers seduced by low interest rates and state and federal tax incentives are storming the real estate market and finding inventory sharply reduced. But all this demand may be artificial. Some real estate professionals predict a ..., more
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