US Foreclosure Information

Advocacy groups are moving people into vacant homes, some in secret, others openly, as civil disobedience.

After a 17-bedroom villa in San Diego County fell into forclosure, vandals ripped out $1 million worth of fixtures, according to a crime report.

Signs of recession were few at a lavish industry conference celebrating the foreclosure “tsunami.”

Working its way through the State Legislature in Albany is one of the first bills in the country to protect property values and neighborhood safety when a foreclosed property is left untended.

Filings for bankruptcy protection soared to the highest level since October 2005, when a federal law made bankruptcy more difficult and expensive.

Severe declines in real estate values in states with high foreclosures are reinvigorating buyers previously priced out of market; figures from National Association of Realtors show that sales of existing homes across country rose 5.1 percent in February 2009, with much of increase concentrated in foreclosed homes bought for less than $300,000; despite tougher borrowing restrictions, many families used to renting are discovering that they can afford to own; real estate agents in Arizona, Florida…

Under Congressional pressure, the board that sets accounting standards is preparing to alter a rule in a way that will let banks report smaller losses.