Foreclosures

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.

The long-term recovery for thousands of Texans whose homes were decimated by Hurricane Harvey rests with a Trump administration government outsider who wants his agency's budget cut by billions of dollars.

The legal logjam involving a pair of distressed properties in Garfield Heights, Ohio is starting to clear, after more than eight years of litigation and stagnation.

The New York State Department of Financial Services hasn't issued a single penalty against a bank or mortgage provider for failure to maintain and secure a property more than a year after the law requiring this upkeep was signed and eight months after it went into effect.

Rosemary Romero maintains the community garden at the entrance to Casa Linda, a 125-home subdivision in the center of town with entry off Cerrillos Road via Monterey Drive. It's a lovely neighborhood, she says, but is being damaged from the inside out.

While the national foreclosure crisis no longer commands much attention, a seven-year-old lawsuit tied to the foreclosure of a Centerville, Ohio, home continues to wind its way through the federal court system.

A new state law meant to combat the blight of "zombie" homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island.

The Toledo, Ohio, area is among the top five metro area in the country with the highest share of mortgaged properties that are "seriously underwater," that is, more is owed than the property is worth.

Mortgage holders could see their security interest wiped out if a borrower in Texas or Nevada gets a property tax loan where the lien has priority over the first mortgage.

Blighted, abandoned properties in Hornell, N.Y., are not only in-check, according to officials, but they're declining at a rapid pace.

The winning bids at Saturday's annual Niagara County tax foreclosure auction totaled more than $1 million.

Fires can make or break Staten Island, N.Y., zombie homes.