Banks are not real estate firms. They solely offer funding options. This is why you won’t find bank-owned homes as easily as professionally listed ones. Many times, you won’t even see a sign in the front yard advertising the sale. You can acquire lists of these properties from the banks themselves.According to CBS News, the foreclosure trend is still not over. Here's an excerpt from their findings:
Foreclosures are still out there, so if you think this might be the opportunity for you, start doing your homework now!
Mark McArdle, the Treasury Department's deputy assistant secretary for financial stability, told CBS MoneyWatch that the Obama administration's efforts to help homeowners played a pivotal role in these improvements to the housing market.
"Treasury has a variety of programs to assist struggling homeowners, with the goal of helping to prevent avoidable foreclosures and stabilize communities," McArdle said. "The Home Affordable Modification Program has helped more than 1.5 million homeowners avoid foreclosure, while the Hardest Hit Fund has assisted more than 250,000 homeowners across participating states."
McArdle acknowledged this effort isn't complete. "While the housing market has recovered in many parts of the country," he said, "several areas and states are still struggling, and we will continue to help homeowners and communities in those places still recovering from the housing crisis."