Tag Archives: Foreclosures

Michigan-based real estate finance and credit law firm Potestivo and Associates announced recently that Eric L. Miller has been hired as the firm's director of information technology.

The U.S. Department of Housing and Urban Development (HUD) announced in a report released last week it has sold $15.8 billion in nonperforming loans since 2010, cutting losses to its insurance fund and saving thousands of homeowners from foreclosure.

Michigan-based real estate finance and credit law firm Potestivo and Associates announced earlier this month that Erica Julian has been promoted to be the firm's new foreclosure manager.

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.

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.

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.

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.

Oversite Data Services, a national provider of docket-based compliance and management solutions, recently released a white paper that demonstrates how court docket-based data can be used to establish benchmarks for law firm performance.

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.

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.