Foreclosure activity slows in April

Foreclosure activity slowed in April, and foreclosure filings decreased in Arizona, California, Nevada, and Washington, according to ForeclosureRadar’s latest report. Foreclosure sale cancellations rose 27 percent compared with March, and activity on the...

Freddie Mac launches summer sales promotion

HomeSteps, the real estate sales unit of Freddie Mac this week launched a nationwide sales promotion for its inventory of foreclosed homes. The HomeSteps Summer Sales Promotion offers up to 3.5 percent of a buyer’s closing cost for offers received May 16, 2011...