Tag Archives: foreclosure sales

HOPE NOW Non-foreclosure solutionsThe gap between non-foreclosure solutions and foreclosures widened even further in November 2014, according to data recently released by HOPE NOW, the voluntary private sector alliance of mortgage sevicers, investors, and non-profit counselors.

About 40,000 homeowners nationwide received permanent mortgage loan modifications from servicers in August, which includes loans completed through proprietary programs and under the government's Home Affordable Modification Program (HAMP), according to data released by the HOPE NOW Alliance on Thursday.

The total number of homeowners receiving permanent loan modifications declined in July, as did the number of modifications made under the Home Affordable Modification Program (HAMP), according to figures released this week by HOPE NOW. Meanwhile, foreclosure starts rose a little more than 1,000 from June to settle at 70,401.

Foreclosure sales are way down nationwide for the second quarter of 2014 with close to 115,000 reported, according to HOPE NOW's Q2 2014 data released earlier in the week. It was the lowest number of foreclosure sales reported for any quarter since HOPE NOW began tracking foreclosure data in 2007.