Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: repossessions

repossessions stories: 8 news summaries
FORECLOSURE FRONTLINES

 Don't Hate Me: 
 I'm Just Here 
 to Clean Up 

Clearing the detritus of owners' dreams from bank-owned homes

Sep 30, 09 12:07 PM CDT
(Newser) - Cindy Reid doesn’t want you to think she and her boss—and boyfriend—are the “bad guys.” But it is difficult when her man is the one “you never want to see pull up to your house. He has eyes that go flat when you offer ... More »

MORE ABOUT:
trash • foreclosure • recession • bank • homeownership • cleaning • vacant homes • repossessions • repo men

(Newser) - No one told Nick Popovich there’d be an army of neo-Nazis guarding the plane he’d been hired to grab. But when they put a gun to his temple, he didn’t flinch. “You better go ahead and shoot,” he said, “cause I’m grabbing that... More »

MORE ABOUT:
Repo • adventure • repossessions • private jet

Foreclosures Draw Eager Buyers, but Banks Drag Feet

Red tape and bureaucracy hinder efforts to buy repo'd properties

Apr 13, 09 8:00 AM CDT
(Newser) - Bargain hunters are turning to foreclosed homes for deals, but many are finding that buying repossessed properties from banks is a bureaucratic nightmare, the Washington Post reports. Though the housing market cannot stabilize until the unprecedented volume of foreclosures is sold off, banks are sluggish to act and fraught with... More »

MORE ABOUT:
housing market • foreclosure • bureaucracy • housing crisis • repossessions • bureaucratic blunders • financial crisis

Fannie Mae's Task: Sell 65K Homes in Buyer's Market

Unloading homes quickly while maintaining value, Fannie walks tightrope

Mar 19, 09 9:38 AM CDT
(Newser) - It’s no secret that for US homeowners, it’s not a seller’s market. But imagine having 65,000 properties to sell. That’s the task ahead of Fannie Mae, NPR reports, as its volume of repossessed homes grows by the day. The guarantor of a third of all... More »

MORE ABOUT:
housing market • foreclosure • housing • Fannie Mae • home prices • housing sales • repossessions • financial crisis

 Think Repo Men 
 Like Recession? 
 Think Again 

Victims 'hide' cars, 'fight over them'

Mar 10, 09 9:51 AM CDT
(Newser) - Repossession agents must thrive on recession, right? Wrong, reports the Wall Street Journal. “People are doing everything they can now to hold onto what they’ve got,” says the owner of an auto-recovery business, whose revenue plunged 23% in 2008. “Do you think they’re going to... More »

MORE ABOUT:
recession • repossessions • economy • cars • financial crisis

SUV Credit Crunch
Rolls Over Ford

Sinking value of big vehicles crashes auto firm's credit wing

May 30, 08 10:18 AM CDT
(Newser) - Ford's plans to get back in the black are being forced off the road by woes at its lending arm, the Wall Street Journal reports. The auto giant made a lot of cut-rate loans on trucks and SUVs in recent  years and has been unable to recoup losses on bad... More »

MORE ABOUT:
Ford • SUV • credit • trucks • repossessions • used cars

Agents Use 'Cash for Keys'
to Stem Owner Vandalism

Foreclosed properties bear marks of parting shots

Mar 28, 08 10:23 AM CDT
(Newser) - Banks and mortgage companies are hoping a “cash for keys” policy will stem a growing problem for lenders taking possession of foreclosed homes: dispossessed homeowners trashing their houses on the way out the door. Cheaper and faster than eviction proceedings, the policy is "win-win for both parties,"... More »

MORE ABOUT:
housing market • foreclosure • credit crisis • subprime crisis • repossessions

Home Seizures by Banks Jump 90% in Year

Lenders reclaim 45K properties as mortgage payments rise

Feb 26, 08 2:00 PM CST
(Newser) - Banks seized more than 45,000 homes in January, nearly double the number from a year ago and up 8% from December, Bloomberg reports. Rising adjustable-rate mortgage payments were the culprit. Total foreclosure filings, which include default and auction notices in addition to seizures, increased 57% to 233,001, the... More »

MORE ABOUT:
foreclosure • housing sales • default • housing crisis • subprime crisis • repossessions • mortgage defaults

8 Stories


from our news partners