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BankOwnedBids.com Auctions to Return When Bank Forclosure Inventory Increases in 2010
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12/29/2009 |
| Author |
Laurie Bunn |
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BankOwnedBids.com Auctions will resume when Bank Forclosure Inventory increases in 2010. Many lenders will be resume forclosures in 2010 increasing inventory and activity for BankOwnedBids.com |
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New Auction and New Inventory
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8/12/2009 |
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BankOwnedBids.com Staff |
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Inventory for the August auction is lower than we have anticipated, due to the fact that Metro Detroit housing stocks have decreased overall. |
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BankOwnedBids seek REO Agents
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7/16/2009 |
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Metro Detroit Auction is Open For Bidding
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| Posted |
6/3/2009 |
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BankOwnedBids.com Staff |
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Today is the first day of active bidding. The bidding will close Wednesday, June 10th at 5:00PM EST. |
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Economists: End of recession in sight
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5/27/2009 |
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BankOwnedBids.com Staff |
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The U.S. economy is close to hitting bottom and a slow turnaround is expected as early as September, according to a survey of leading economists. The report was released today.
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Michigan pushes banks to rework mortgages in default
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5/27/2009 |
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BankOwnedBids.com Staff |
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Starting in July, Michigan will require lenders to report to the mortgage payer how much is owed and give them contact information for the person authorized to negotiate for the bank. Distressed homeowners will get a 90 day reprieve from legal action. |
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April home sales down 3.5% from last year
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5/27/2009 |
| Author |
BankOwnedBids.com Staff |
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Despite a 15 percent drop in national housing prices in April, the number of home sales for the month fell 3.5 percent compared with the same period last year, the National Association of Realtors reported today. |
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Rich not immune to foreclosure fears
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| Posted |
5/19/2009 |
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BankOwnedBids.com Staff |
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Victoria Gotti, wife of jailed mob boss John Gotti, is only the latest celebrity at risk of foreclosure. She owes $650,000 in payments on her five-bedroom mansion on Long Island, the N.Y. Post reported last week. Her house is currently listed for $3.2 mil |
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Contest seeks cure for foreclosure plague
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5/15/2009 |
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Real estate news service asks for suggestions on fixing the ailing housing industry. The winner of the Inman News drawing to get $200 gift certificate. |
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Congress works to protect renters
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5/15/2009 |
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BankOwnedBids.com Staff |
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Renters are often blindsided by eviction. Too often, to keep the rent checks coming, the landlord in default will keep the renter in the dark. "This is wrong," says Sen. Kirsten Gillibrand. Now Congress is stepping in to help. |
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Buyers jump on plunging Metro Detroit housing prices
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| Posted |
5/14/2009 |
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BankOwnedBids.com Staff |
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With tri-county housing prices dropping 31 percent in the first quarter compared with the same period last year, sales are up 9 percent. Foreclosed homes made up 60 percent of the residential properties sold. |
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Author tosses life raft to sinking mortgage payers
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5/14/2009 |
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BankOwnedBids.com Staff |
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The new book Mangled Mortgage lists the most common mistakes that homeowners in default make. In his book, real estate agent Jon Sterling offers advice on how to avoid the pitfalls and stay clear of foreclosure.
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First-time home buyers flood the market
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5/13/2009 |
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BankOwnedBids.com Staff |
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“They’re critical for a housing recovery," says chief economist of the National Association of Realtors. |
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How to make buying foreclosed homes easy and stress free
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5/12/2009 |
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BankOwnedBids.com Staff |
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Buyers and even buyer’s agents often call BankOwnedBids.com with questions about buying foreclosed homes.The process of purchasing from a corporation (REO, which stands for real estate owned) is very different than buying from an owner occupant (Retail). |
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‘We are moving in the right direction’
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5/11/2009 |
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Ann Laciura - BankOwnedBids.com Staff Writer |
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Unemployment hits 25-year high, but April job loss slows to 6-month low. |
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Foreclosure activities jump 32% in April
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5/9/2009 |
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Ann Laciura - BankOwnedBids Staff Writer |
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"It looks like the dam burst in March and continued in April." |
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22% owe more than house is worth
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5/8/2009 |
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Ann Laciura - BankOwnedBids.com Staff Writer |
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U.S. housing prices down 14.2% in first quarter, leaving one in five borrowers under water, report says. |
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Mortgage rates inch up
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| Posted |
5/7/2009 |
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Ann Laciura - BankOwnedBids Staff Writer |
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Have mortgage rates bottomed out? Rates may be rising slightly, but they are still borrower-friendly compared with last year. One hitch: You've got to be able to post a down payment of 20 percent or more. |
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West overshadows Michigan foreclosures
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| Posted |
5/4/2009 |
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Ann Laciura - BankOwnedBids.com Staff Writer |
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Michigan ranks sixth in the nation in the foreclosure rate for the first quarter, affecting on in every 136 homes |
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15 Michigan cities share $7.5M to bust blight
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| Posted |
5/1/2009 |
| Author |
Ann Laciura - BankOwnedBids.com Staff Writer |
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In first round of federal Neighborhood Stabilization Program grants, nearly 400 foreclosed or abandoned houses will be repaired or demolished and the properties resold. |
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Forbes to Detroit: It could be worse
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| Posted |
4/30/2009 |
| Author |
Ann Laciura - BankOwnedBids.com Staff Writer |
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Motor City comes in 8th as cities ranked according to pinch on pocketbooks. Providence, R.I., and Los Angeles top the list. |
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Foreclosures: Good news, bad news in March
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4/30/2009 |
| Author |
BankOwnedBids.com Staff |
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Lenders in March grant reprieve to nearly a quarter million homeowners delinquent in their mortgage payments. It's not enough, however, to stem the national rise in new foreclosure proceedings. |
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Housing and Economic News at a Glance
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| Posted |
4/24/2009 |
| Author |
BankOwnedBids.com Staff |
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U.S. foreclosures hit record levels |
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Two Commercial Properties go to Auction
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4/22/2009 |
| Author |
BankOwnedBids.com Staff |
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Two commercial properties have been added to today's auction. Opening bids start at $173,400 and $88,200. Click on the link to take you directly to the commerial auctions. |
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www.bankownedbids.com/Auction/APViewInCat.asp?ID=2 |
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1st-time home buyers may get tax credit
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| Posted |
4/15/2009 |
| Author |
BankOwnedBids.com Staff |
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Uncle Sam wants to give you a present that could be worth thousands of dollars. |
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Auction Details!
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| Posted |
4/8/2009 |
| Author |
BankOwnedBids.com Staff |
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Our first auction opens Wednesday, April 22nd, 2009 at 9:00 AM EST and concludes Wednesday, April 29th at 5:00 PM EST. The 2-week pre-auction phase begins April 8, giving you an opportunity to review our inventory, inspect the properties you wish to buy, |
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Wayne County helps strapped families keep their homes
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| Posted |
4/7/2009 |
| Author |
BankOwnedBids.com Staff |
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DETROIT-- More than 1000 mortgagors threatened by foreclosure are holding on to their homes, thanks to a new Wayne County program.
Since the debut of the Mortgage Foreclosure Prevention Program in October, the free counseling service has intervened on |
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First Ever Michigan-Based Online Bank Owned Homes Auction Business Launches
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| Posted |
3/30/2009 |
| Author |
Shazaaam Media |
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First Ever Michigan-Based Online Bank Owned Homes Auction Business Launches
Grosse Pointe Park, Mich., March 30, 2009-- BankOwnedBids.com, the first Michigan-based online auction of foreclosed homes, debuts April 8, featuring more than 50 Metro Detroit |
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Save the Date! Web Site Launch Party Announced!
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| Posted |
3/20/2009 |
| Author |
BankOwnedBids.com Staff |
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You are invited to attend an Open House Lauch Party on Wednesday, April 8th to celebrate the premiere of the nation’s first Michigan-based on-line real estate auction, BankOwnedBids.com
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