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Foreclosure Flux: U.S. Sees 10% Rise In 2023 But Remains Below Prepandemic Levels
Friday, January 12, 2024 - 12:11pm | 638Read More...U.S. foreclosure activity in 2023 increased from the previous year but was still below prepandemic levels, according to a report from real estate data provider ATTOM. Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 357,062 properties in 2023, up...
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Foreclosure Whirlwind: Report Unveils A Tale Of Contrasts
Friday, November 24, 2023 - 11:28am | 514Read More...The latest snapshot of the U.S. real estate landscape reveals a nuanced pattern of foreclosure filings. Real estate data firm ATTOM's October U.S. Foreclosure Market Report shows a 6% decline from September, suggesting a respite; the report also underscores a 6% increase compared to the same period...
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When The Bank Forecloses On The Wrong House — What's Going On With Home Repossessions?
Wednesday, August 16, 2023 - 4:18pm | 577Read More...Banks make mistakes. Often, they’re easily rectified, but sometimes they’re not. That was the case for the owners of a home near Twentynine Palms, California, who lost their possessions after a bank mistakenly foreclosed on their residence in 2012. Alvin and Pat Tjosaas returned to...
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Pre-Retirees: When Your Mortgage Outgrows Your Lifestyle
Sunday, May 8, 2016 - 4:38pm | 628Read More...Having a mortgage when you’re nearing retirement age can be a scary prospect. However, it’s not an unheard of situation. For whatever reason, whether your mortgage term extends into your retirement-date goal or you’ve had to take out a second mortgage/refinance your home and the...
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Luxury Real Estate Foreclosures Up 61 Percent
Thursday, December 5, 2013 - 1:16pm | 526Read More...It appears the rich are finally catching up with the rest of the nation, when it comes to real estate foreclosures. While overall U.S. foreclosure activity was reportedly down 23 percent, year-to-date through October, RealtyTrac says foreclosures on luxury properties valued at $5 million and...
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Will The Real Housing Market Please Stand Up?
Wednesday, May 16, 2012 - 2:23pm | 610Read More...According to all accounts, housing inventory is very low. Here in Orange County, California inventory levels are back to numbers last seen in 2005. In fact, in California, housing inventory is so low that the NAR and certain Democratic congressmen are trying to block the government’s REO bulk...
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Spanky and The Housing Gang are Back At It!
Monday, January 9, 2012 - 3:01pm | 314Read More...Spanky and the Gang are at it again. Not content with previous shenanigians in manipulating and propping up homes prices, they're back at it again. Word is out that the Obama Administration, in conjunction with Freddie, Fannie, Treasury, Fed, FDIC, HUD and FHFA, is preparing programs to sell...
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The Collateral Damage Of Unemployment
Friday, September 2, 2011 - 2:00pm | 328Read More...A man's career is more than just a job. It is a way in which he is measured. He is a provider, a good man, a husband and father without it he has nothing. The recorded unemployment rate has remained constant over the past 2 plus years near the 10% level. The real unemployment rate is...
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Get Low! US Foreclosure Filings
Monday, August 15, 2011 - 1:01am | 508Read More...Sometimes things that are not-so-great start to look better, but it doesn't mean that those things are actually better, like being unemployed and getting an extension on your rent from your landlord. Sure that might sound good, but the problem is that you have a bad history with paying rent, you...
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Obama Forces GSA to Renegotiate Leases with Landlords Nationwide
Monday, June 14, 2010 - 6:00am | 728Read More...At the end of last week, President Obama signed a memo aimed at forcing GSA entities to reign in over $8 billion in building costs collectively by the end of 2012. We all know the Washington D.C. office market is subject to, and at the mercy of, the whims of the government, but...
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Commercial Real Estate Week in Review
Saturday, June 12, 2010 - 6:00am | 440Read More...Commercial Real Estate Week in Review-June 6-12 -Obama to Congress: Get reform bills reconciled before G-20. -GE Capital to cut real estate portfolio by 50%. -Cassidy Turley looking to compete with Jones Lang LaSalle (NYSE: JLL) and CB Richard Ellis in commercial real estate. -JP...
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Mortgage Delinquencies Rise in Q4
Thursday, March 25, 2010 - 2:34pm | 113Read More...The Treasury Department reported less-than-optimistic news for the housing market. For the seventh consecutive quarter, the number of current and performing mortgages have fallen. Now at 86.4%, the decline was likely led by the 21.1% increase in the mortgages 90+ days past due (which now is 4.7% of...
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Foreclosures At Record High In 2009
Thursday, January 14, 2010 - 7:21am | 170Read More...A report by RealtyTrac, an online foreclosure marketplace, indicated that there were 2.82 million residential properties with foreclosure filings in 2009, setting a new record for the number of people lagging in their mortgage payments. According to the report, 2.21% of all US housing units (or 1...
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Qualify for Loan Modification under Obama’s Homeowners Affordability and Stability Plan
Tuesday, December 15, 2009 - 9:11am | 680Read More...President Barack Obama has passed Homeowner Affordability and Stability Plan into loan on March 2009. The White House also release How to get loan modification and who will qualify under this new plan. The Below steps show what you need to do to protect your home and family from foreclosure. See...
