REO

Behind a tall iron fence lies one of the most unusual gated communities in Tampa Bay. And within that lies the most expensive and unusual bank-owned house for sale between Crystal River and Sarasota.

Pioneer Savings Bank is seeking to foreclose on commercial property located off of Route 146 in Clifton Park, N.Y., claiming that the owner owes the bank more than $1.9 million in mortgages and loans.

The Great Recession, the most painful downturn since the Great Depression, destroyed more than 248,000 jobs in metro Atlanta — about one of every 10 — and led to a quarter-million foreclosures.

In 2010, Florida was in the throes of an unprecedented housing crisis. One in every eight homes was in some stage of foreclosure. Today, the foreclosure rate is one in every 83.

Tampa Bay has seen two booms in house flipping — one in the mid 2000s, when prices appeared on a steadily upward trajectory and again from 2011 to 2014, when the market was flooded with cheap foreclosures.

A Milwaukee landlord who continued to buy foreclosed properties at auction after being sanctioned, must pay $64,550 in municipal court fines that he has been effectively dodging as far back as 2009, a Wisconsin Court of Appeals judge ordered.

Fannie Mae and Freddie Mac will suspend the evictions of foreclosed single-family properties during the holiday season, according to the government-sponsored enterprises.

Securitization of nonperforming home equity conversion loans was pioneered by Nationstar; FAC's inaugural deal may be outstanding longer.

RCO Legal, once one of the largest foreclosure law firms in the Northwest, is shutting down permanently in December, a victim of the strong economy and housing market.

Next to a new Columbus, Ohio, apartment complex on East Whittier Street — a shining testament to the South Side's revival — sits a block of boarded-up and crumbling brick townhomes.