PHOENIX-Paulson & Co. Inc., a New York-based hedge fund operator, expects to win the bid for a property owned by Engle Homes in Nevada, Colorado and Arizona, through its stalking horse bid of $42.4 million during a foreclosure auction held on Aug 20.

CHICAGO-Investors grow more concerned about the poor US economy as mortgage rates fall to record lows for the eighth time in nine consecutive weeks.

NEW YORK-Foreclosure rates in the US housing market continue to be on the rise, thereby affecting the stability of home prices and forcing many Americans to lose their homes.

HANOVER, MA-The purchase of a 19th century farm in Hanover seemed like the ideal project for development in the region.

HUNTINGTON BEACH, CA-Several homes in the Huntington Beach area that bear defaulted loans are now facing foreclosure.

BERGEN COUNTY, NJ-Scott Forbes, a Bergen County home developer who was charged with issuing bad-checks in late 2009, failed to pay $240,878.56 in restitution.

BOSTON-Boston developer Donald J. Chiofaro is seeking a compromise with the Boston Redevelopment Authority about the imposed 200-foot height limit for his planned waterfront complex.

LAGUNA BEACH, CA-According to various legal notices, a number of homes here are up for auction as a result of borrowers defaulting on home mortgage loans.