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June 2012 Archives

Short sale foreclosure rates soar

More than one in four home sales during the first quarter of 2012 consisted of properties in foreclosure, according to a new report released earlier this month. Distressed properties in some form of foreclosure accounted for about 26 percent of residential sales, a 4 percent increase over the previous quarter.

Prominent Forest man files for bankruptcy

A man who had been president of a popular resort facility a few hours away from Washington, D.C., in Virginia has submitted paperwork for Chapter 7 bankruptcy. The man, who had overseen the resort, said that the bankruptcy should not affect the vacation facility because it is operated by an owners' association.

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