Foreclosure: Who's Getting a Free Ride?

Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight.  Read about some of the tactics desperate homeowners are willing to employ to stay in their homes.

Finding Great Deals on Bank Foreclosures

Bank foreclosure listings form the bulk of foreclosed properties listed in online foreclosure listings service sites. There are other types of foreclosures listed in them as well including government foreclosures from the HUD and the Veterans Affairs Administration.

Foreclosed Homes going to Auction Declines

Some areas have experienced declining number of foreclosure homes on auction. Foreclosure activities dropped for November compared with July the highest single month foreclosed property total for the year 2010.

Opportunities from Foreclosed Homes

A sale of foreclosed homes consists of properties owned by banks or other lending companies. These are homes they have repossessed after the owner failed to meet their monthly obligations. After a number of months of non-payment, foreclosure proceedings are initiated. Once foreclosure is made final, the sale of foreclosed homes usually ensues.

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