Foreclosures fall to lowest level since 2007By Les Christie, CNN Money, May 17, 2012 NEW YORK — Foreclosure filings in April fell for the third straight month to the lowest level since July 2007. Will Short Sales Finally Save the Housing Market?By Daren Blomquist, RealtyTrac Vice President, May 15, 2012 Short sales, where a distressed property (often in ...
Barclays Advocates Short Sales to Lower Loss Severities By Carrie Bay, DSNews, May 15, 2012 With vacant homes stretching the capacity of banks’ balance sheets and homebuyer demand lackluster at best, short sales are becoming a top loss mitigation choice for private lenders and investors, particularly in especially hard-hit markets. Will Short Sales Finally Save the Housing ...
The Foreclosure Report – April 2012 Foreclosure Activity Declines Hurting Investors April 2012 Foreclosure Starts declined across our coverage area wiping out the small gains in new foreclosure filings last month. In California, Notice of Default filings are down 69.8 percent from the peak in March 2009, and 15.8 percent from April 2011. Notice of Trustee Sale ...
NY home loan court filings still marredBy Catherine Curan, New York Post, May 12, 2012 Foreclosure-mill attorneys are routinely breaking the law and clogging New York courts with unresolved cases, an explosive new study shows. Top Fla. Court Hears Landmark Foreclosure CaseBy Octavio Nuiry, Staff Writer, May 11, 2012 The Florida Supreme Court heard oral arguments on May ...
Perception is not reality. Randy Lutz learned that important lesson firsthand when he attempted to relocate his family, which includes a handicapped son, from a “crime-ridden” Rhode Island neighborhood to a seemingly more friendly Winter Park, Fla., community. Lutz, responding to a home-for-rent ad listing on CraigsList.com, had no idea that the lease he signed on ...
Foreclosure-aid funds should be used as intended Editorial, Arizona Daily Star, May 8, 2012 Arizona has been ground zero of the foreclosure crisis for five years. 5 Steps to Buying at Foreclosure AuctionBy Daren Blomquist, RealtyTrac Vice President, May 8, 2012 The foreclosure process allows for three different bargain-buying opportunities: when the property is in the pre-foreclosure period, ...
Occupy Bernal succeeds in stalling foreclosuresBy C.W. Nevius, San Francisco Chronicle, May 5, 2012 An organization founded by a porn performer, a Summer of Love radical, and a guy named Stardust Darkmatterji, is challenging the eviction of homeowners in their Bernal Heights neighborhood. For the past week the group has been staging very polite, but noisy, ...
Efforts under way to improve short sale process as alternative to foreclosureBy Yvonne Wenger, The Baltimore Sun, May 4, 2012 Housing experts say homeowners can wait as long as nine months to get approval to sell their home as a short sale, and efforts are underway to push lenders to give a prompt answer. Foreclosure Loan Modifications ...
Foreclosure reform bill passesBy 67AM KPUA News, May 2, 2012 In a released statement, state lawmakers announced that House Bill 1875 HD2 SD2 CD1, which amends the mortgage foreclosure law to provide additional protections for Hawaii’s homeowners, passed its final floor vote Tuesday before the full House and Senate. Foreclosure Home Auctions Giving Way to Short Sales ...
Foreclosure call a win for homeownersThe Daily Progress, May 2, 2012 In a victory for the average homeowner, the Virginia Supreme Court recently threw out foreclosure proceedings against a Lovingston-area couple and sent the case back to be reheard. 3 Ways Foreclosures Are Holding Home Prices HostageBy Daren Blomquist, RealtyTrac Vice President May 2, 2012 First quarter foreclosure ...