Headlines

Distressed residential properties had a median sales price of 37 percent below the median sales price of non-distressed properties nationwide in September, according to RealtyTrac's Q3 2014 Residential and Foreclosure Sales Report released Tuesday.

The Hunoval Law Firm, PLLC, a default and settlement services firm that serves North Carolina, South Carolina, and Virginia, has announced the hiring of Michael Morris as its lead default attorney for South Carolina

San Antonio-based diversified financial services firm SWBC announced the launch of SWBC Lending Solutions, a new provider of end-to-end offerings for the financial services industry.

Short sales and sales of distressed properties (those that are in foreclosure or bank-owned) accounted for 12.7 percent of all residential home sales in the U.S. in the third quarter, according to RealtyTrac's Q3 2014 Residential Sales Report released today.

The number of homeowners optimistic about selling their homes dropped in the third quarter, interrupting a streak of rising confidence as the housing market shifted out of their favor.

Troy, Michigan-based real estate law firm Fabrizio & Brook, P.C., recently announced that John D. Stoddard has joined the firm to oversee the judicial foreclosure and commercial workout departments.

Domestic-based mortgage services provider LenderLive Network, headquartered in Denver, Colorado, has announced that its GuardianDocs division has launched a solution known as FACTCheck.

The investigations team and the audit team of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), in conjunction with federal partners, were recognized for excellence by the Council of the Inspectors General on Integrity and Efficiency (CIGIE), SIGTARP recently announced.

ProTeck noted a census report that revealed a $5,000 increase in median household income in 2013 in Seattle as well as a Forbes Magazine article that listed Seattle as one of the best places for business. Amazon, Costco, Boeing, Microsoft, and Nordstrom all have a presence in Seattle, making for a strong job market.

An anonymous bidder offered slightly more than $3.1 million in an auction last week to buy more than 6,000 foreclosed homes in Detroit, according to Wayne County, Michigan, Chief Deputy Treasurer David Szymanski.