Foreclosure Settlement: After months of wrangling, the long-awaited foreclosure settlement between the government and the banks appears to be at hand.

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AFTER examining their foreclosure practices for flaws in mortgage documentation and other procedures, many of the nation’s largest banks have resumed — or will soon resume — trying to evict defaulted borrowers.

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Distressed Homes – Which is More Profitable: Foreclosures, Short Sales or REOs?

Foreclosures, short sales and real-estate-owned (REOs) are distressed home sales but different from each other.

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Cash for Keys Program Keeps Foreclosures From Being Trashed

Foreclosure cash for keys program has become almost a necessity for banks. Two of the biggest problems banks face when taking back a home in foreclosure are the condition of the home and getting rid of its occupants.

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Bank repo homes may be best bargains in real-estate terms but buyers chasing after bank repos are sadly discovering that some REO lenders will not sell bank repo houses to them, and they don’t know why. The truth is banks can name the terms and conditions under which they will sell a bank-owned home. If buyers don’t fit those qualifications, they are out of luck.

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