foreclosed homes News

‘Fundamental Fairness’ Favors Lender’s Claim to Fire Insurance Funds After Foreclosure

The estate of a Maryland man who, along with one of his children, was killed in a fire in his home is not entitled to all of the proceeds from the fire insurance policy because the homeowner still had a …

Foreclosure Fears Rise in Texas with Jump in Late Mortgages After Harvey

As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don’t know.” …

Six Arrested in $900K Insurance Fraud Scheme Involving 30 Virginia Fires

Virginia prosecutors say six people have been arrested for their alleged roles in an insurance fraud scheme that involved setting 30 fires. Federal prosecutors say the defendants over the course of 16 years set fire to homes, trailers, mobile homes …

Florida Man Attempts to Blow up Foreclosed Home with Bowling Ball

Authorities say a South Florida man who didn’t want a bank to sell his foreclosed home tried to blow it up using a bowling ball as an explosive. The South Florida Sun-Sentinel reports 21-year-old Tyler Butler was arrested Monday on …

Report: 31% of Kansas Foreclosed Homes Are Vacant but Total Still Small

A company says a report that Kansas has one of the highest rates of vacant foreclosures in the country reflects the small number of foreclosures in the state, not problems in the housing market. RealtyTrac says Kansas has the third-highest …

More Than 300K Homes Are Foreclosed ‘Zombies’

A national survey found 301,874 “zombie” properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving vacant property susceptible to vandalism and degradation. Florida tops the list of zombie properties with 90,556 vacant homes in foreclosure, …