June 16, 2013
The old saying that home prices never fall obviously wasn't true. But in the following video, Fool contributor Matt Thalman discusses why the "strategic foreclosure" may not have been the smartest thing to do for the millions of homeowners who could ...
In a short sale, lenders allow struggling homeowners who can't afford to pay the mortgage to sell the home for less than what is owed as an alternative to a foreclosure. For buyers like the Mulligans, in their 30s, it can be a chance to get more house ...
According to the report, in May 148,054 properties nationwide received some form of a foreclosure notice -- including default notices, scheduled auctions and bank repossessions -- in May, up 2 percent from the 144,790 properties that received notices ...
June 15, 2013
LAS VEGAS (AP) -- The number of Nevada homes entering foreclosure is up 81 percent over last year, although the number that ultimately go up for auction is down. RealtyTrac statistics released this week show Nevada's foreclosure rate is down to No.
Tri-Cities, Kane foreclosure activity declines in May, continues positive trend - Kane County ChronicleMost do so, either through a short sale before foreclosure, in which the lenders agree to accept an amount of money from a home sale that falls short of the mortgage, or through a “deed in lieu,” in which the homeowner merely gives up the deed to the ...
Foreclosure filings were reported on 148,054 U.S. properties in May, according to RealtyTrac's U.S. Foreclosure Market Report. This is an increase of 2 percent on the month, but a decline of 28 percent on the year. One in every 855 housing units had a ...
Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.
Lawsuit: BofA gave bonuses, gift cards for meeting foreclosure quotas - Charlotte ObserverCHAMPAIGN — A University of Illinois legal clinic that helps homeowners facing foreclosure will develop similar programs in other counties with a second major grant from a government settlement fund. The University of Illinois College of Law's ...
The old saying that home prices never fall obviously wasn't true. But in the following video, Fool contributor Matt Thalman discusses why the "strategic foreclosure" may not have been the smartest thing to do for the millions of homeowners who could ...
And locally, the number of homes being sold either as a result of foreclosure or short sale continues to decline, as well. In the Tri-Cities, information reported by the MainStreet Organization of Realtors indicated that in April, so-called distressed ...
5 States Where Foreclosure Starts Are Surging - Wall St. Cheat Sheet