REO

Most courts inherently do not like default interest because they see it as an improper “penalty.” Attorney T. Robert Finlay examines what the First District of the California Court of Appeals recently found in a recent case.

A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices.

Prepare for these three distressed disposition trends as the housing market downshifts and we enter 2023.

The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in forbearance plans.

Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.

However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes to reach historically normal levels.

In a continued commitment to combat the effects of climate change, HUD has allocated $1.447 billion in grants to communities nationwide impacted by natural disasters in 2021.