...U.S., or one in 76 homes. Among those pre-foreclosure properties, 7,569 sit vacant in Q2, meaning that the number of zombie foreclosure properties went up quarterly by 2.8%. Zombie foreclosures...
Read More »Search Results for: foreclosure
HUD Offers Federal Disaster Assistance to Areas of Kansas
...counties: Provide immediate foreclosure relief in counties covered by the major disaster declaration: HUD's automatic 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured home mortgages commenced on the date...
Read More »D&I Directives: Celebrating Differences and Fostering Inclusivity
...bank's exposure by preserving properties, managing post-foreclosure, invoice management, and recovering expenses via the insurer and investor claim process. Scott also serves as Champion for Diversity, Equity & Inclusion for...
Read More »Statutory Requirements: Strict Construction or Strict Compliance?
...for a court action or proceeding. In this piece, we review a significant foreclosure matter entitled Bank of America, N.A., v. Andrew Kessler, et al, which was recently decided by...
Read More »Foreclosure Starts, Completions Up Substantially YoY
...due, but not in foreclosure): 2.80% Month-over-month change: -1.31% Year-over-year change: -39.93% Total U.S. foreclosure pre-sale inventory rate: 0.32% Month-over-month change: 2.31% Year-over-year change: 13.48% Total U.S. foreclosure starts: 21,400...
Read More »Homeowners Continue to Face Challenges After the Pandemic
...borrowers to avoid foreclosure, today's report highlights that some servicers are lagging their peers and are less well-equipped to assist borrowers who have exited pandemic housing protections,” said Rohit Chopra,...
Read More »Who Is Bidding at Foreclosure Auctions?
...years. Meanwhile, less than 1% of all foreclosure auction buyers purchased more than 10 properties over the last two years. The median distance between foreclosure auction buyers and the properties...
Read More »Nearly Half of U.S. Mortgaged Residential Properties Considered Equity-Rich
...to analyze in both Q4 of 2021 and Q1 of 2022. Seriously underwater rates decreased, year-over-year, in 103 of those 107 metros. Only about 201,000 homeowners were facing possible foreclosure...
Read More »Industry Reaction: Senate Confirms Julia Gordon as FHA Commissioner
...loan fund to support single-family redevelopment. With a steady hand and positive attitude, she successfully shepherded NCST through the pandemic when the foreclosure moratoria instituted to help homeowners had a...
Read More »Duty Free
...of a foreclosure sale following the borrower’s submission of, and the servicer’s agreement to review, an application to modify a mortgage loan?” After extensive briefing, including several amicus briefs on...
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