Distressed

The Pine Tree Plaza in Sterling, Ill., will be auctioned online after a string of tenant departures put the property in foreclosure.

As it presses forward with downtown revitalization, the city of Aiken, S.C., is also considering a crackdown on abandoned and distressed properties, some located mere blocks from the heart of downtown.

City commissioners approved a deal Wednesday aimed at turning around two beachside rental homes that have churned out lawlessness and code violations, but the neighbors who have begged for help are worried the trouble isn't going to stop.

The Erie County, N.Y., Legislature unanimously adopted a resolution asking for a state law that would enable local leaders to shorten the foreclosure timetable for bank-owned vacant homes.

As housing prices continue their climb toward pre-recession levels, enabling homeowners to regain equity, mortgage foreclosures and delinquency rates in the Bradenton-Sarasota, Fla., region remain on the decline.

The number of homes with a foreclosure filing increased 5% in May over the previous month, as properties entering the process also increased by 5%.

The blighted property review committee wants to take a multipronged approach to addressing neglected properties in Hazelton, Pa.

Kroll Bond Rating Agency reports rapidly rising losses on loans secured by commercial properties in Texas and in Houston, driven locally by high vacancy in the office market.

Jenni Leocadio vowed not to go couch surfing at her sister's again after getting evicted from her two-story Santa Ana, Calif., apartment in April.

Three Northern California men, including one of Oakland's largest landlords, were convicted of creating a massive bid-rigging scheme to scoop up hundreds of foreclosed properties at suppressed prices.

Wayne Francis, the lawyer and real estate speculator captured while hiding in a Connecticut hotel room over the holiday weekend, was presented in court Tuesday on a larceny charge and held on a $2 million bond.

Philadelphia homeowners at risk of foreclosure over past-due property taxes could be given free housing counseling and have their debt deferred under a program being developed by City Council.

Foreclosure activity continued to sink in Southwest Florida last month, tracking the statewide and national trends.

Fannie Mae has a $1.8 mortgage foreclosure lawsuit pending with FFH of Fort Smith Limited Partnership and several other local entities over the Rock Creek apartments on North 50th Street in Fort Smith, Ark.

Across the nation, the once-pernicious foreclosure crisis nearly has abated, but in Lucas County, Ohio, foreclosure activity is stronger than it was a year ago.

Daytona Beach has a message for the hundreds of property owners who collectively have stiffed the city on $4.46 million in code violation fine payments: Pay up soon, or the city's coming after your land and buildings with foreclosure actions.

Connecticut had 23% more foreclosure actions under way in April than a year earlier, according to a new study, with newly commenced foreclosures spiking 40%.

The six private mortgage insurers are jockeying to differentiate themselves with value-add services that complement their core product.

There's a deep connection between the history of redlining on the East Side of Cleveland and the continuing decline of neighborhoods hollowed out by subprime lending and the mortgage foreclosure crisis of the 2000s.

A decade after the housing collapse began, Cleveland and Akron are among the worst large cities in the nation for homes that are worth way less than the mortgages on the properties.