Category Archives: Foreclosure

Foreclosure Deal Deadline Postponed

Posted on February 3, 2012 by admin

The deadline for states to decide whether to join a proposed nationwide foreclosure settlement with banks was delayed to Feb. 6 from Feb. 3, the Iowa Attorney General’s Office said.  States were given more time to evaluate the proposal, which … Continue reading →

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Will Housing Recover by 2013

Posted on January 16, 2012 by admin

A poll of 23 economists and analysts found a consensus for no change in the S&P/Case-Shiller home price index in 2012, compared with a median 0.3% decline that was forecast in the last poll in November.  Many say that a … Continue reading →

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What’s Up With All The REO’s?

Posted on January 3, 2012 by admin

Five years into the housing crisis, and foreclosures remain elevated. We’ve seen temporary lulls in home repossessions that coincided with the implementation of new state and municipal mediation efforts, moratoria enacted as federal programs ramped up, and suspensions of filings … Continue reading →

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Foreclosure backlog could take “decades” to clear

Posted on December 30, 2011 by admin

The number of seriously delinquent mortgages in the nation’s largest metropolitan areas slowed this year, according to a new study from the Urban Institute. But foreclosures remain a burden on the housing market, prompting the policy research group to call … Continue reading →

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Trulia says more foreclosures coming. Do you know how to sell a 203K home?

Posted on December 29, 2011 by admin

Real estate research and marketing firm Trulia said employment figures improved slightly at the end of 2011, making it possible for more borrowers to pay their mortgages next year.  While Trulia says this trend could reduce 2012 delinquencies, the company … Continue reading →

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REO Properties Are Moving Faster

Posted on December 21, 2011 by admin

Homebuyer demand appears to be intensifying, especially among lower-priced REO properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released Tuesday. Time-on-market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to … Continue reading →

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BofA Develops Rental Program

Posted on December 12, 2011 by admin

Bank of America is looking at a new program to rent a home back to the borrower after foreclosure.  ”There are programs that we are quite interested in,” said Ron Sturzenegger, who leads the bank’s legacy asset servicing division. “We … Continue reading →

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Las Vegas No Longer Top Foreclosure City, Hello Stockton Calif.

Posted on November 10, 2011 by admin

Las Vegas is no longer the top foreclosure city in the country. A new Nevada law that went into effect in October caused many mortgage servicers to pause the foreclosure process, knocking Vegas off the spot it held for 22 … Continue reading →

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Foreclosure Timeline Lengthened 140 Days Over Last Year

Posted on November 2, 2011 by admin

Mortgages backing homes that were foreclosed on in September had been delinquent for an average of 624 days, according to Lender Processing Services (LPS). That’s up from 484 days in September of last year, just before the processing issues surfaced. … Continue reading →

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Years of Foreclosures Ahead

Posted on November 1, 2011 by admin

The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services.  Sharga recently left RealtyTrac, where he helped build a network that … Continue reading →

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