Posts Tagged ‘Foreclosure’
Forty States Sign On to Foreclosure ‘Robo’ Settlement
Attorneys general from more than 40 states have signed on to a proposed settlement agreement with five of the nation's largest mortgage servicers over so-called “robo-signing” foreclosure processing abuses, according to the lead negotiator, Iowa Attorney General Tom Miller.
Running Robo-Settlement Numbers
A potential $25 billion settlement between the nation’s four largest banks and the 50 state attorneys general over faulty foreclosure processing is imminent.
Foreclosure Investors are Double-Edged Sword
The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today’s housing market is to get more investors in and sell them these properties at bulk discounts.
‘Robo’ Foreclosure Settlement Turns Political
If there is a deal, beyond the politics, it could have a larger effect on the state of the housing market and its recovery.
New Foreclosure Wave is Coming
Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the "robo-signing" processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a new report from the online foreclosure sale site RealtyTrac.
Average Foreclosure Time Sets New Record
Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 631 days.
Challenge Your Foreclosure Now
It's late, and it's limited, but for borrowers who feel their homes were wrongly or inappropriately foreclosed upon in 2009 and 2010, there is now recourse.
Private Investor Says Don’t Enter into Foreclosures Lightly
I thought I would share a response to yesterday's blog on the Obama Administration considering selling Fannie and Freddie's foreclosed properties in bulk to private investors. Rick Sharga used to work, and speak, for RealtyTrac, a well-known foreclosure sale site and tracker. He recently jumped ship to join Carrington Mortgage Holdings, which does everything from asset management to residential mortgage origination, servicing and property management.
A Foreclosure Snapshot from Chicago
I'm here today doing a story on Bank of America's new program to demolish some of these homes and donate them back to the city. They expect to do a mere 150 over the next two years, which is really a drop in the bucket when you go on foreclosure websites and see thousands of these properties for sale, with many more coming.
Flood of Foreclosures Heading to Housing Market
New foreclosure starts rose sharply in August, signaling a slew of foreclosed properties will be dumped on the already bloated housing market in early 2012.
