foreclosed homes

Banks are seizing more foreclosed homes even as the number of people falling behind on their mortgages is declining.

Sales of new homes fell to a record low in February, according to a government report released Wednesday, as the glut of foreclosed homes and a weak economy weather dampened the housing market.

Developed in conjunction with local affordable housing developers, advocates, and community agencies, the initiative will support strategies such as encouraging effective zoning changes and turning foreclosed homes into affordable housing options....

In an effort to stop the sudden evictions that have happened because of the housing crisis, Freddie Mac is starting a new program that will let homeowners and tenants rent back their foreclosed homes.

Will private lenders follow suit? Nancy Marshall Genzer reports.

In an effort to slow evictions resulting from the housing crisis, Freddie Mac is starting a new program to let homeowners and tenants stay in foreclosed homes.

Will private lenders follow suit? Nancy Marshall Genzer reports.

Buyers are coming back to the housing market to take advantage of banks desperate to get rid of foreclosed homes.

Dan Grech reports.

The air that comes in and out of empty houses is big business for Shelby Township-based EnerWatch. The start-up is making sure more and more foreclosed homes keep their energy bills down, humidity out, and creating a few jobs on the side.