REO

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.

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.

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.

Quaint Oak Bank has acquired Premier Choice Real Estate, which specializes in selling bank-owned properties.

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.

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.

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

Tupelo, Miss., Mayor Jason Shelton is outlining his administration's goals and methods as it ramps up a fresh focus on blight removal across the city's residential areas.

Home shoppers may soon have a chance to snag an Upper Arlington, Ohio, mansion for about half its value.

Getting rundown or blighted properties renovated to meet safety codes and restored to the tax rolls is the goal of a program known as receivership, a report about which was presented to the Holyoke, Mass., City Council.

At midyear, fewer than 1% of the homes in Sarasota, Manatee and Charlotte counties were stuck in the foreclosure mill.

The foreclosure rate in the Twin Cities metro is at an all-time low and is now one of the lowest in the U.S.

There were 424,800 U.S. properties with foreclosure filings in the first half of 2017, down 20% from the prior year, according to Attom Data Solutions.

The number of foreclosure filings on properties in the six-county Chattanooga, Tenn., metropolitan area dropped 26.8% in the first half of 2017.

Higher home prices and a stable job market have slashed the number of foreclosures across South Florida.

The city of Las Vegas is strengthening its effort to identify homes at risk of becoming blighted or taken over by squatters.

A new, affordable, two-family home will be built in Central Falls, R.I., replacing a blighted six-unit multifamily property that has been demolished.

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

The proposed site in Danvers, Mass., of a Registry of Motor Vehicles office is scheduled to be sold in a foreclosure auction, casting doubt on when, or if, the registry will actually end up there.

The owner of a $50.9 million Manhattan condo that is scheduled to be sold at a foreclosure auction next month is Kolawole "Kola" Aluko, a Nigerian businessman accused in court filings of defrauding that country's government.