Foreclosure

August 2023’s Foreclosure Market Report, curated by ATTOM Data, showed that there was a total of 33,952 residential real estate properties with foreclosure filings against them, a number that jumped 7% from July but decreased by 2% year-over-year.

Attorney R. Keith Ustler explains how a new Florida summary judgment standard makes a summary judgment motion an essential step in any litigation.

While the need for more staff increases during a rise in foreclosure starts, during quieter times, it becomes economically unviable to maintain a large staff. Travis Britsch discusses how unpredictable variability poses a daunting challenge for trustees and attorneys.

Continuing its role as provider of counsel to the U.S. financial services industry, Weiner Brodsky Kider promotes 17-year industry veteran to lead group serving clients facing government actions and private suits.

In an analysis of the top quality control issues found in the mortgage servicing marketplace, missing bankruptcy notices and proof of claims documentation topped the list, with a wave of delinquencies and borrowers seeking bankruptcy court protection creating new levels of demand.

While overall U.S. mortgage performance remained strong in June, Molly Boesel, Principal Economist for CoreLogic, notes that the impact from recent weather disasters will likely see impacted regions increase in the months to come.

A new report from Auction.com found that more than 90% of default servicing industry experts polled expect foreclosure volume to rise in 2023 compared to 2022, with the state of the nation’s economy having the biggest impact on overall volume.

ATTOM Data has released its new Q3 market trends report, highlighting which regions had the most zombie home activity, and which areas remain most at risk “if the overall housing market turns back downward.”

Click through for the latest updates on mortgage performance data, including breakdowns of the national delinquency rate, foreclosure inventory, and more.

The Southern District of Florida has adopted new guidelines establishing a flat fee of $525 for attorneys representing secured creditors in Chapter 13 proceedings.