Foreclosures

New York City is working to create a database and system for tracking vacant and abandoned properties — though officials acknowledge Staten Islanders may not see the effects of the endeavor for years.

Rick Felix paid $200,000 for a four-bedroom, split-level foreclosed house in Ambler. He made the payment in cash without any option to inspect or even get a good look inside the place beforehand.

Alaska home prices dropped in early 2017 for the first time during the state's recession, but economists are uncertain whether the drop signals a new trend or if it's just an aberration prompted by the housing market's slow season.

There will be fewer mortgage loans going into default in the next year as home prices continue to rise and more people get jobs, CoreLogic said.

If Fannie Mae's clear-boarding requirements prove effective, New York may follow Ohio's lead and move forward with a bill requiring it to be used more broadly on zombie properties.

Over one-quarter of all mortgages in the areas affected by Hurricane Harvey are likely to become delinquent because of the storm, according to an analysis from Black Knight.

Zombie properties become the living dead as a result of bank foreclosures. They sit and often fall into disrepair — a situation likely to go from bad to worse.

The Legal Aid Society of Palm Beach County, Fla., and two homeless assistance agencies are the surprise beneficiaries of a successful lawsuit against a notorious South Florida foreclosure attorney, who was later disbarred.

A program designed to let Dayton, Ohio residents acquire vacant lots to turn into sideyards has grown into a popular way for private investors and home-seekers to obtain cheap property.

The mayor of Niagara Falls, N.Y. is asking local lawmakers to authorize the city's participation in a multi-jurisdictional land bank initiative, a non-profit organization officials say will be a tool to beat back urban blight.