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Fannie Mae announced it has agreed to sell 44 foreclosed vacant properties to the Detroit Land Bank Authority as part of a partnership to stabilize neighborhoods in the greater Detroit area, which has seen a dramatic spike on the number of foreclosures in the last two years.
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Foreclosures Quadruple In Arkansas In October
According to RealtyTrac's October 2014 U.S. Foreclosure Market Report released on Thursday, foreclosure filings – which include default notices, schedule auctions, and bank repossessions (REOs) – increased in October by a staggering 412 percent from their September totals.
Read More »Foreclosure Filings See Largest Monthly Increase In Four Years
The number of foreclosure filings, which include default notices, schedule auctions, and bank repossessions (REOs), increased by 15 percent from September to October, the largest month-over-month jump since the peak of foreclosure activity in March 2010, according to RealtyTrac's October 2014 U.S. Foreclosure Market Report released Thursday.
Read More »Maryland Overtakes Florida for Nation’s Highest Foreclosure Rate
A surge in foreclosure activity for Maryland in October pushed the state into the top spot among states with the highest foreclosure rate in the nation, according to RealtyTrac's October 2014 U.S. Foreclosure Market Report released Thursday.
Read More »Detroit ‘Blight Bundle’ Buyer Withdraws Offer
Earlier this week, real estate developer Herb Strather withdrew his winning bid of slightly more than $3.1 million for a bundle of more than 6,000 blighted properties in Detroit, Wayne County officials announced.
Read More »Foreclosure Petitions, Deeds See September Increase in Massachusetts
Foreclosure petitions increased year-over-year in Massachusetts for the seventh consecutive month in September, according to the Warren Group, publisher of Banker & Tradesman.
Read More »Five States Account for 44 Percent of 12-Month Foreclosure Sum in September
Just as they did in August, the same five states accounted for nearly half of all completed foreclosures in the U.S. for the previous 12-month period, according to CoreLogic's September 2014 National Foreclosure Report released last week.
Read More »Despite Q3 Decline, Zombie Foreclosure Problem Lingers In Many Areas
While zombie foreclosures in the U.S. declined overall in the third quarter, they continue to be a problem in some areas, according to RealtyTrac's Q3 2014 Zombie Foreclosure Report released earlier this week.
Read More »Servicer Takes $100 Million Charge for Potential Settlement Over Backdated Foreclosure Notices
Ocwen Financial, the nation's top non-bank mortgage servicer, announced that the company has taken a $100 million charge for a potential settlement regarding claims that Ocwen sent backdated foreclosure letters to thousands of borrowers.
Read More »Zombie Foreclosures Decline Quarterly, Annually
The number of "zombie" foreclosures in the U.S. declined both quarter-over-quarter and year-over-year in the third quarter of 2014, according to RealtyTrac's Q3 2014 Zombie Foreclosure Report released today.
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