Foreclosure

The number of vacant properties decreased from the previous quarter and from Q3 of 2015, according to the recent Q3 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report.

New York lawmakers propose updates to reverse-mortgage foreclosure protections.

FHA makes their process more efficient to help delinquent homeowners avoid foreclosure.

California’s assembly moved one step closer to enacting legislation designed to protect widows, widowers, and other heirs from unnecessary foreclosures, according to a recent release from bill supporters.

With foreclosure starts being at their lowest level since 2000, Fannie Mae reports that the major drop in foreclosures can be tied to a number of economic factors, but the major reason is the jobs market.

Black Knight Financial Services, Inc. recently released the “first look” at July 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

HOPE NOW recently released its Q2 2016 data, and it reported over 100,000 permanent modifications completed during the past quarter.

The foreclosure process began for 36,863 U.S. homes during July 2016, and this number is the lowest level seen for foreclosure starts in 11 years, specifically May of 2005.

In the recent market update presented by Rick Sharga, it was stated that foreclosure, at the rate it’s going will potentially inverse to below pre-crisis and historical levels by 2018.

Here is a break-down of what the foreclosure rates look like in the top ten states for foreclosures in Q2.