Distressed

The vast majority of default servicing professionals are investing in "significant" REO property improvements to increase resale values in a hot housing market.

Seven flood-prone Highland Park, Ill., homes adjacent to forks of the North Branch of the Chicago River could potentially be purchased, demolished and converted to open space under a voluntary flood buyout.

The treasurers from Hillsdale, Branch, Jackson and Lenawee counties assembled at the Jackson County Commission Chambers recently in an effort to stem the tide of foreclosures in south central Michigan.

Most homeowners in Southwest Florida are no longer threatened with losing their properties to foreclosure.

As the Colorado Springs economy and housing market improve, the city's foreclosure woes continue to diminish.

Karen Stratton doesn't cry often. But the Spokane, Wash., councilwoman teared up last week as she looked out on the High Drive Conservation Area from her late aunt's home on South Maple Boulevard.

The 60-day-plus mortgage borrower delinquency rate dropped to the lowest point since the recession suggesting that there is still room to broaden credit.

The numbers tantalize leery minds: Housing prices, population growth and job creation in Southern Nevada all rebounded from the Great Recession over the past few years.

Distressed home sales in the North Port-Sarasota-Bradenton, Fla., metropolitan area during the third quarter accounted for 11% of the residential real estate market.

Serious delinquencies on Federal Housing Administration loans popular among first-time home buyers with affordability constraints have improved this year, but may be reaching a plateau.