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Foreclosures: 5 Tips for Buying a Foreclosed Home

Foreclosures don't have to be a thing you're afraid of or what you hear others capitalizing on. You too can take advantage of this interesting time in U.S. real estate. Buying a foreclosed home is a little different from buying a typical resale.

Foreclosures

The vast majority of residential foreclosures being conducted in Hawaii are proceeding under a state law that is more than a century old, provides no court oversight and is widely panned by consumer advocates for failing to adequately safeguard the rights of homeowners.

Foreclosures drop in area

There was a slight improvement in the number of new home foreclosures in the area in June, but the problem of delinquent houses remains high, industry analysts said Friday.

Home construction down; potential new foreclosures could hurt housing industry further

Home construction in June reached its lowest level since October, 2009. That, plus potential new foreclosures, could negatively impact the housing industry across the US.

Looking for foreclosures? Online map helps you in your search

The mortgage crisis has some homeowners wondering whether an avalanche of foreclosures has left their home values deteriorated and cities pondering how much property tax revenue might drain away.