NATIONWIDE RadarLogic reports: slow foreclosure and oversupply fuel market declines Backlogged foreclosures, severe oversupply and negative equity triggered a further decline in home prices in April, the latest RPX Monthly Housing Market Report from RadarLogic suggests. The real estate data and analytics company has data from 25 major metropolitan areas across the US, and [...]
Backlogged foreclosures, severe oversupply and negative equity triggered a further decline in home prices in April, the latest RPX Monthly Housing Market Report from RadarLogic suggests. The real estate data and analytics company has data from 25 major metropolitan areas across the US, and its latest report shows a decline in the composite reading of [...]
After four years of foreclosure crisis, banks have finally said they’ve made major improvements in how they handle struggling homeowners. They promised, for instance, not to foreclose on homeowners who are being considered for mortgage mods. However, these are still promises and still empty words, as it is still happening. That are the cases of [...]
NATIONWIDE Bank errors continue to be the cause of wrongful foreclosures After four years of foreclosure crisis, banks have finally said they’ve made major improvements in how they handle struggling homeowners. They promised, for instance, not to foreclose on homeowners who are being considered for mortgage mods. However, these are still promises and still [...]
NATIONWIDE Foreclosure Filings Decline but Signs of Renewed Activity Evident Foreclosure filings slipped 2 percent between April and May and were down 33 percent from a year earlier, according to a new report released by RealtyTrac Thursday. The company says foreclosure filings including default notices, scheduled auctions, and bank repossessions were reported on 214,927 [...]
NATIONWIDE Housing counselors describe HAMP experience as negative More than 75% of foreclosure counselors say the borrower experience when turning to the government flagship modification program for relief is negative. This is the result of a survey conducted by the Government Accountability Office (GAO) among housing counselors to assess the HAMP from the other [...]
More than 75% of foreclosure counselors say the borrower experience when turning to the government flagship modification program for relief is negative. This is the result of a survey conducted by the Government Accountability Office (GAO) among housing counselors to assess the HAMP from the other side. The survey targeted 400 counselors and roughly 76% [...]
The Congressional Budget Office or CBO estimated that two of the country’s biggest lenders, Freddie Mac and Fannie Mae will need another $42 billion from taxpayers to cover anticipated losses over the next decade if they live in their current form. Back in 2008 the two companies were seized by the government and received $154 [...]
HUD stated that foreclosures will have to be re-filed on some of it REO homes because of a Michigan court filing. The Michigan Court of Appeals issued a judgment in April stating that MERS (or Mortgage Electronic Registration Systems, Inc.) does not meet the requirements under state stature to act as a foreclosing agent in [...]
NATIONWIDE Foreclosures accounted higher percentage in 2011 than last year The nation’s biggest mortgage lenders and banks have steadily increased their real estate portfolio acquiring a glut of foreclosed homes that now has overgrown and threatens to deepen the housing slump and delay the economic recovery. The numbers are shocking: the nation’s biggest players [...]
We want to say thanks to Eureka for making our short sale possible
Roger and Lisa Pringle
Austin, Texas
