Freddie Mac is now offering distressed homeowners a complete guide to foreclosure and how to avoid it, from assessing your situation to what to do when your home has been foreclosed on, as part of a new website launched this week as a one-stop resource for homeowners. The "MyHome by Freddie Mac" site offers homeowners … Continue reading Freddie Mac Offers Distressed Homeowners a Complete Guide to Foreclosures and Alternatives
Tag: delinquency rate
Completed Foreclosures Decline But Remain At Double Pre-Recession Levels
While completed foreclosures on residential homes totaled 40,000 for April and have been steadily falling monthly for the last four years, they are still nearly double their pre-recession average per month, according to CoreLogic's April 2015 National Foreclosure Report released Tuesday. Completed foreclosures, which are a measure of homes actually lost to foreclosure, declined by … Continue reading Completed Foreclosures Decline But Remain At Double Pre-Recession Levels
Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
U.S. Representative Maxine Waters (D-California) has written a letter to Department of Housing and Urban Development (HUD) Secretary Julián Castro asking for relief and more transparency for seniors participating in HUD's Home Equity Conversion Program (HECM). At the center of the issue is the fate of surviving non-borrowing spouses upon the death of the last … Continue reading Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
Foreclosures Falling, But Delinquency Rate Climbing
The nation's foreclosure inventory fell to its lowest level in almost seven years in November, but the percentage of delinquent mortgage loans is on the rise, according to Black Knight Financial Services' November 2014 "First Look" at Mortgage Data. Delinquent mortgages, which are those more than 30 days overdue but not in foreclosure, jumped by … Continue reading Foreclosures Falling, But Delinquency Rate Climbing
Foreclosures Rise in January; Decline Yearly Author: Colin Robins February 13, 2014
RealtyTrac released its U.S. Foreclosure Market Report for January, 2014. The report noted an 8 percent increase of reported properties from the previous month, citing 124,419 properties in foreclosure filings (default notices, scheduled auctions, and bank repossessions). Year-to-year, January, 2014 represented an 18 percent drop from January, 2013. 1 out of 1,058 U.S. housing units had … Continue reading Foreclosures Rise in January; Decline Yearly Author: Colin Robins February 13, 2014
Monthly Foreclosure Activity Rises Eight Percent in January Thu, 2014-02-13 22:35 — NationalMortgage professional
RealtyTrac has released its U.S. Foreclosure Market Report for January 2014, which shows foreclosure filings were reported on 124,419 U.S. properties in January an eight percent increase from December but still down 18 percent from January 2013. The report also shows one in every 1,058 U.S. housing units had a foreclosure filing during the month.January marked the … Continue reading Monthly Foreclosure Activity Rises Eight Percent in January Thu, 2014-02-13 22:35 — NationalMortgage professional
Home Flipping Ramps Up in 2013 Author: Tory Barringer January 30, 2014
All data points to a continued decline in foreclosure stock last year, but that didn’t stop home flippers from stepping up their game.RealtyTrac released on Thursday its Year-End and Q4 2013 Home Flipping Report, which shows single-family home flips—in which a home is purchase and sold again within six months—totaled 156,862 last year, up 16 … Continue reading Home Flipping Ramps Up in 2013 Author: Tory Barringer January 30, 2014
Long Island Ranked Nation’s Hottest Market, Florida Metros Struggle Author: Colin Robins February 5, 2014
Pro Teck Valuation Services released on Tuesday January's Home Value Forecast (HVF), a measure of single family residential markets. Long Island was ranked the strongest market in the nation."Long Island leads Home Value Forecast's ranking as the hottest real estate market in the nation in our January Home Value Forecast," said Tom O'Grady, CEO of Pro Teck Valuation … Continue reading Long Island Ranked Nation’s Hottest Market, Florida Metros Struggle Author: Colin Robins February 5, 2014
Foreclosure and Renting to a New Tenant: Tenant Remedies If a landlord rents out property knowing it will soon be in foreclosure, what can the tenant do? by: Janet Portman, Attorney
The foreclosure crisis has affected many tenants, who learn mid-lease that their landlord has failed to pay the mortgage. And as the meltdown continues, new tenants are becoming the next wave of unintended victims, as landlords continue to rent to new residents in the face of looming foreclosure.Usually, when a landlord enters into a rental … Continue reading Foreclosure and Renting to a New Tenant: Tenant Remedies If a landlord rents out property knowing it will soon be in foreclosure, what can the tenant do? by: Janet Portman, Attorney
If your landlord is facing foreclosure, stay put By Karen Aho of MSN Real Estate
Outside of a doctor's office, few notices are more terrifying than an eviction.Since the housing bust, more than 8 million properties in this country have gone into foreclosure. An estimated 40% of the people living in those homes were, and are, tenants, according to RealtyTrac, a foreclosure marketplace, and the nonprofit National Low Income Housing … Continue reading If your landlord is facing foreclosure, stay put By Karen Aho of MSN Real Estate
The Law Office of Beth Mann, P.C. 