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Tag Archives: Foreclosure Wave
Foreclosure Deal Deadline Postponed
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
Posted in Foreclosure, Real Estate News
Tagged 203k home impovment loan, 203k Orange County, 203k remodeling, Bank of America, California home sales, fix & flip, Fix and Flip, Foreclosure, foreclosure mess, foreclosure settlement, Foreclosure Wave, HAMP, Home Remodeling, orange county investors, orange county remodeling contractor, private lending, private money, private real estate investor, real estate news, REO
1 Comment
What’s Up With All The REO’s?
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
Foreclosure backlog could take “decades” to clear
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
Trulia says more foreclosures coming. Do you know how to sell a 203K home?
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
Posted in 203k Rehab Loan, Foreclosure, REO, Real Estate News
Tagged 203k, 203k contractor, 203k home impovment loan, 203k loans, 203k Los Angeles, 203k Orange County, 203k remodeling, California home sales, Foreclosure, Foreclosure Wave, orange county 203k contractor, REO, robo signing, robo-signing mess, robosigning, trulia
2 Comments
Foreclosure Timeline Lengthened 140 Days Over Last Year
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
Years of Foreclosures Ahead
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
