Foreclosure Deal Deadline Arrives as States Consider Releases BusinessWeek 6 (Bloomberg) -- States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they'll give up.
Arizona housing experts guarded but hopeful Arizona Republic "Many people believe we are three-fourths through the foreclosures," said Greg Vogel, CEO of Land Advisors, during a discussion on homebuilding. "There's anticipation this spring will be better for housing." Metro Phoenix home prices ticked up at the ... Phoenix housing market starting to recoverThe Seattle Times
Foreclosures Draw Private Equity as U.S. Selling 200000 Homes: Mortgages Bloomberg Enlarge image Foreclosures Foreclosures Joe Raedle/Getty Images Renzo Salazar maintains the yard around a foreclosed home after the bank hired him to keep the home from falling into complete dilapidation, on Nov. 10, 2011 in Miami.
Foreclosures trending downward Prescott Daily Courier But Blomquist said he didn't believe that was a major problem in Arizona like it is in other states. November foreclosures were down 5 percent over the same month in 2010 and the December rate fell 21 percent over December 2010, according to Blomquist.
Fannie Mae Partners Seek Bulk Buys in Cities Headed for Recovery BusinessWeek 2 (Bloomberg) -- Fannie Mae's plan to convert foreclosed homes into rentals through sales to investors hinges on offering concentrated packages of properties in areas such as Florida, Arizona and Southern California where a real estate recovery may ...
Foreclosures Draw Private Equity as US BusinessWeek 31 (Bloomberg) -- Private equity firms are jumping into distressed housing as the US government plans to market 200000 foreclosed homes as rentals to speed up the economic recovery. GTIS Partners will spend $1 billion by 2016 acquiring single-family ...