REO

Despite a national trend of declining foreclosure volume, a recent spike in foreclosure activity has created a number of hot spots in many local markets. Here's a look at the 12 cities most affected by this development.

Robert Klein, the son of Holocaust survivors who went on to build an empire in the property preservation industry, died on May 3. He was 65.

Mortgage foreclosure filings decreased 16.5% in Luzerne County, Pa., last year, and year-to-date figures indicate the decline may continue in 2018.

Last year, Brett Buras and a partner scored big on a flip. They bought a house in Belleair Bluffs for $185,000, spent another $70,000 or so on renovations and sold it for $359,000 — a net profit of $104,000.

Real estate foreclosures declined in Hawaii for a fourth consecutive year in 2017, according to statistics from the state Judiciary.

There was a modest decline in hurricane-related delinquent mortgages in February, a sign that there are lingering problems in the affected markets.

It was a minor entry on the crime blotter earlier this month: Mandeville, La. police booked a 27-year-old man they said was breaking into a foreclosed home and trying to remove property.

The lender acquired Esperanza Mansion, the hotel, restaurant, and wedding venue overlooking Keuka Lake, N.Y., that closed its doors in 2016, after no bids were received at a foreclosure auction on March 7.

Sledgehammered by the foreclosure crisis, drug dealing and other crimes, some Dayton, Ohio, neighborhoods are too far gone even for the Montgomery County Land Bank to use its limited resources for demolitions.

Commercial and multifamily fourth-quarter mortgage delinquency rates improved for most investor types compared to one year prior as the U.S. economy continued its recovery.

Fewer properties fell into foreclosure in El Paso County, Colo., last month, continuing a downward trend over the past several months.

Vanessa Krnjaich may not have thought she was saving a neighborhood when she bought her fixer-upper for $45,555 at auction in August 2013.

Christine Hrycenko stood outside her home on Trenton Street on Sunday afternoon, surrounded by friends and supporters carrying signs and chanting rallying cries.

With few foreclosed homes left to pick up on the cheap, the biggest landlords are buying, or building, new single-family homes to pad their portfolios; mortgages on these properties could show up as collateral in rental bonds.

A group led by the National Fair Housing Alliance is suing Deutsche Bank, Ocwen Financial Corp. and Altisource Portfolio Solutions, alleging real estate owned properties in minority communities do not receive the same level of upkeep and maintenance as REO houses in white neighborhoods.

In the 10-county Columbus area, foreclosure documents were filed on 4,697 properties last year, down from 6,719 the previous year.

Foreclosure filings were reported on 676,535 properties nationwide in 2017, marking the lowest level of foreclosure activity since 2005.

Two adjoining houses on Sixth Street in Niagara Falls were demolished last week as part of the city's ongoing battle against zombie houses.

A decade after the housing market crashed, foreclosures in Dallas-Fort Worth have slowed to a trickle.

Two major shopping centers in Keene, N.H., are scheduled for sale at foreclosure auctions in January, according to ads taken out by an auction company.