Phone: 831-840-4462

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License #: 01727854

The Obama administration recently announced an expansion of its three-year-old HAMP loan modification program that includes opening the program up to non-owner occupants struggling to make mortgage payments. Complete Story

Sales of homes that were in some stage of foreclosure or bank owned accounted for 24 percent of all U.S. residential sales during the fourth quarter. Third parties purchased a total of 204,080 residential properties in some stage of pre-foreclosure (NOD, LIS, NTS, NFS) or bank-owned (REO) during the fourth quarter, down 8 percent from a revised third quarter total and down 2 percent from the fourth quarter of 2010. That brought total foreclosure-related sales in 2011 to 907,138, down 2 percent from 2010 and accounting for 23 percent of all sales during the year. Complete Story

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More than 600,000 bank-owned properties nationwide give buyers ample inventory to choose from. But not all bank-owned purchases are created equal; some banks sell more quickly and offer bigger discounts. To help buyers sort through this vast bank-owned REO maze, Foreclosure News Report has analyzed RealtyTrac foreclosure sales data from the fourth quarter of 2011, broken down by lender, to provide a list of the best banks to buy a foreclosure from. To come up with this list we started with lenders that sold more than 1,500 REOs during the quarter and then used a combined ranking of the lenders with the highest percentage savings and the shortest times to sell REOs Complete Story