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Tag Archives: Foreclosures

NC Court Issues Non-Judicial Foreclosure Ruling

Mortgage note holders in North Carolina can no longer voluntarily dismiss more than one non-judicial foreclosure without being banned from filing additional non-judicial foreclosures, the North Carolina Court of Appeals ruled earlier this week.

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Florida Housing Market Recovering But Still Not ‘Healthy’

In Florida, the median price of homes is increasing and sales of single-family homes have gone up, Florida Realtors reported in its Q2 2014 report released on August 12. However, RealtyTrac's July 2014 U.S. Foreclosure Market Report released on August 14 found that Florida had the highest state foreclosure rate in the nation for the 10th consecutive month despite a 30 percent year-over-year decrease.

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Zombie Properties Continue to Linger Nationwide

Zombie properties serve as a lingering reminder of a housing market still in the midst of self-correction. They serve as a legacy of the recent housing crisis, a byproduct of lengthy foreclosure timelines and mercurial state foreclosure statutes. RealtyTrac recently released a nationwide analysis of zombie properties, examining both states and institutions that have the most zombie properties.

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May Housing Scorecard Shows Progress in Equity and Home Sales

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the May edition of the Obama Administration's Housing Scorecard on Friday. The government report showed progress, noting growth in key indicators such as increasing equity and a rebound in the sale of new and existing homes.

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Bank Foreclosures Listed Far Below Regional Selling Prices

RealtyStore, a provider of a broad variety of real estate listings, recently released a report outlining average selling prices for bank foreclosures. The company found the median price of bank foreclosures for sale in six select states list at an average of nearly 50 percent below recent median existing-home sale prices.

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ZVN EVP Moderates Panel on Fast-tracking Foreclosures

Lynn Effinger, EVP at ZVN Properties and a veteran of the mortgage servicing industry, recently moderated a special panel session on the fast-tracking of the foreclosure process on vacant and abandoned properties. The panel was held at the 12th Annual National REO Brokers Association (NRBA) Education Conference in Broomfield, Colorado.

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California’s April Home Sales Jump 20 Percent from March

In a new report from PropertyRadar on California single-family home sales, the company found that sales were up 20 percent in April from March. However, sales fell on a yearly basis for the month, declining 13.3 percent. Despite the gains in April, year-to-date sales volume is the lowest it has been since 2008.

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A Tale of Two Cities: Phoenix and Cleveland

Pro Teck Valuation Servicers released their April Home Value Forecast (HFV), looking specifically at two metros where there is a mix of hot and cold real estate markets. The company's April edition focuses on Phoenix, Arizona and Cleveland, Ohio.

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