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Home | Magazine

Vandalism, Arson — Or Both?

Vandalism

With so many legal stipulations to bear in mind, deserted dwellings are anything but an open-and-shut case. As foreclosure resolution time frames swell, servicers and investors must maintain property preservation standards for longer periods of time. Properties at the highest risk of loss or damage are vacant properties. Vacancy presents a host of problems to servicers and investors in managing their foreclosure inventory. Paramount among those concerns is vandalism.

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Prudent or Petty: The Government’s Settlement Strategy

Prudent or petty

In light of their ineffectiveness in preventing another downturn in housing and their possible contribution to the slowness of the housing recovery, the question then becomes whether the imposition of penalties by the federal government, while "not insurmountable," is really in the best interest of the American consumer. Are they prudent or just petty?

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San Jose Real Estate Market Plateaus

California-two

The housing market in San Jose, California, has been cooling over time and prices have recently flattened. The trends imply a weakening market, according to Kristen Evans, an analyst for Altos Research LLC. “Despite the consistent decrease in the Market Action Index (MAI), we're in a ‘Seller's Market’ where significant demand leaves little inventory available.”

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Senior RMBS Trader Convicted of Fraud

Foreclosure, REO, News, Webcast

The office of the Special Inspector General for the Troubled Asset Relief Program announced that Jesse Litvak, a registered broker-dealer and former managing director at New York investment bank Jefferies & Co., Inc. was sentenced today to 24 months in federal prison and ordered to pay a $1.75 million dollar fine in connection to his conviction for defrauding consumers trading in residential mortgage backed securities.

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Homes “Seriously Underwater” Down in Second Quarter

Foreclosure, REO, News, Webcast

In a positive sign for the housing market, RealtyTrac reported Thursday a decrease nationwide in homes that were classified as “seriously underwater”, down to 9.1 million homes in the second quarter of 2014, representing 17.2 percent of all homes nationwide. The number is a decrease from the 17.4 percent of underwater homes recorded in the first quarter

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