RealtyTrac: Foreclosure activity rising in 2013

In its first-ever U.S. Foreclosure Inventory Analysis, RealtyTrac revealed that 1.5 million U.S. properties were actively in the foreclosure process or bank-owned in the first quarter of 2013. This number was up 9% from the first quarter of 2012, but still down 32% from 2.2 million in December 2010, which represents the peak. “Delinquent loans … More RealtyTrac: Foreclosure activity rising in 2013

Real House Prices, Price-to-rent ratio, City prices relative to 2000

Tuesday, March 26, 2013 Real House Prices, Price-to-Rent Ratio, City Prices relative to 2000 by Bill McBride on 3/26/2013 12:12:00 PM   Case-Shiller, CoreLogic and others report nominal house prices, and it is also useful to look at house prices in real terms (adjusted for inflation) and as a price-to-rent ratio. As an example, if … More Real House Prices, Price-to-rent ratio, City prices relative to 2000

Illinois Enacts Fast Track Foreclosure Law for Abandoned Residential Property

Illinois Enacts Fast Track Foreclosure Law for Abandoned Residential Property February 18, 2013      |      Carolyn M. Artus, Esq. On February 8, 2013, Illinois Governor Pat Quinn signed into law legislation which will reduce the overall foreclosure process for abandoned residential property throughout Illinois to a period of 90 to 180 days.  The law becomes effective … More Illinois Enacts Fast Track Foreclosure Law for Abandoned Residential Property