...increases and continued to leave zombie foreclosures representing just a tiny fraction of the nation’s total stock of 101.6 million residential properties. “Zombie foreclosures again are ticking up a tiny...
Read More »Search Results for: foreclosures
Preserving Inheritor Homeownership: Helping Prevent Property Tax Foreclosures
...utility or property tax assistance programs. Some heirs may not even know they owe taxes on the property, leading to tax liens and even foreclosure. “Property Tax Foreclosures on Heirs...
Read More »Inflated Mortgage Rates Fuel Decline in Existing-Home Sales Activity
...or second-home buyers, who make up many cash sales, purchased 16% of homes in July, down from 18% in June but up from 14% one year ago. Distressed sales—foreclosures and...
Read More »Connecticut Court Reconciles Case Involving State’s Mortgage Assistance Program
The Rolling Stones sang “you can’t always get what you want, but sometimes, you get what you need.” That tune has practical application to Connecticut foreclosures, particularly after the Supreme...
Read More »Change Management
...those possibilities. “How are we going to address it if we get into a time where we have rising delinquencies and rising foreclosures again? Because we’re not set up for...
Read More »HUD to Assist Victims of Hawaiian Wildfires
...properties with a combined reconstruction value (RCV) of $1.3 billion are within three preliminary wildfire perimeters on Maui. Effective immediately, HUD is: Providing a 90-day moratorium on foreclosures of mortgages...
Read More »Foreclosure Filings Up 5% Year-Over-Year in July
...41%) Lenders repossessed 3,332 U.S. properties through completed foreclosures (REOs) in July 2023, up 4% from last month, and up 9% from last year. States reporting the greatest number of...
Read More »The Week Ahead: Navigating the Next REO Wave
...SFR and CDPE, Nelson successfully employs innovative property marketing and effective technology to excel with BPOs and short sales. A compassionate leader, his personal experience with foreclosures fuels his commitment...
Read More »Existing-Home Sales Slip in June
...purchased 18% of homes in June, up from 15% in May and 16% the previous year. Distressed sales—foreclosures and short sales—represented 2% of sales in June, virtually unchanged from last...
Read More »U.S. Foreclosure Filings Exceed 185K in First Half of 2023
...36% from the first half of 2020. States reporting the greatest number of foreclosures starts in the first half of 2023 included: California (14,217 foreclosure starts) Florida (13,837 foreclosure starts)...
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