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Flagstar Bank fined for failing to comply with mortgage servicing rules

The Consumer Financial Protection Bureau (CFPB) has recently fined Flagstar Bank over $37M for not assisting borrowers with foreclosure relief in a timely manner.  The bank will return $27.5M to borrowers and pay a fine of $10M.   The CFPB has made serious statements about Flagstar’s ability to service it’s assets in default and follow […]

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Finding Foreclosed Properties on Zillow

Zillow is a huge marketplace of homes located across the US that are both currently for sale and unlisted. Zillow provides listing information on foreclosed homes in combination with a powerful geographic search engine. A great feature of the site is the “Zestimate” that provides a starting point for valuation on homes listed on the site. Zillow is a great site to search for foreclosures for both home buyers and investors. Read the article for instructions on searching the database.

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Flagstar Bank Foreclosure Listings

Flagstar Bank is a large Michigan-based bank that originates mortgage loans in their 100+ bank brances. Flagstar Bank occasionally has foreclosed properties which they list on their website. Learn about Flagstar Bank and their foreclosed properties by reading this article.

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KeyBank Foreclosure Listings

Keybank is a regional bank located in Cleveland, Ohio. Keybank has over 1,000 branches and locations in 14 states. When mortgagors default, Keybank forecloses on the property. KeyBank has a separate wholly-owned subsidiary that manages their foreclosed (known as OREO) properties. You can find the details of KeyBank foreclosures online. Read more here.

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PNC Bank Foreclosure Listings

PNC Bank is a large regional bank with presence in 19 states. PNC Bank has a large number of foreclosed properties to sell due to their large mortgage origination and servicing business. The bank has an internal department known as Realty Services that manages the sale of these properties. Lists of the PNC Bank foreclosed homes are online and can be found at several websites. Read the article for more details.

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Chase Foreclosure Listings

Chase has a large national inventory of foreclosure properties. Chase lists their homes with local real estate agents who should have the property listed in the local MLS system. You can find foreclosure listings from Chase in your local MLS system as well as online at Chase’s website. Properties are listed after the foreclosure process which can take between a few weeks and several months or even years. There are specific tips that are provided when interested in purchasing a Chase foreclosed property.

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SunTrust Mortgage Foreclosure Listings

SunTrust Mortgage is the lending operation of SunTrust Bank. SunTrust has operations in many states across the country with a concentration in the south of the country. SunTrust Bank lists their foreclosure properties with local real estate agents. According to SunTrust, foreclosures are priced at fair market value. SunTrust has foreclosure properties available that they own as well as mortgages that they service for other investors.

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IndyMac and OneWest Bank Foreclosure Listings

OneWest Bank (and the former Indy Mac Bank now owned by OneWest Bank) have a large inventory of foreclosed homes. OneWest Bank has a specific process as it relates to selling their foreclosures. You can find lists of the OneWest Bank foreclosures for free online.

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