At the peak, more than 9 million American homeowners paused paying their monthly mortgage payments during the most difficult months of the pandemic. They did not go into foreclosure but instead entered “forbearance.” This allows homeowners with a mortgage to pause or reduce their payments for a limited time. At some point, they must resume
What To Expect When Facing A Foreclosure
September 24, 2019 by
Dealing with a foreclosure can be a daunting experience for someone who is in serious trouble with their mortgage. The entire process can be extremely scary, especially if you’re unsure of what to do. However, getting a Notice of Delinquency doesn’t mean you’re going to leave your home anytime soon. The first thing you should
Ex-homeowners missing out on foreclosure cash
December 26, 2016 by
What with surging real estate values in many parts of the U.S., some foreclosed homes are netting more than what the lender is owed on the property.
Ohio moves to combat zombie foreclosures through new legislation
July 4, 2016 by
The state of Ohio is stepping up its fight against neighborhood blight by introducing new legislation that aims to speed up the foreclosure process in the state.
New FHFA Policy Lets Ex-owners Buy Back Foreclosed Homes
December 1, 2014 by
The Federal Housing Finance Agency announced a new policy that will permit some foreclosed home owners to purchase the homes back that they once had lost at fair market value.
Investors Scramble to “Cash In” on Housing
February 5, 2013 by
Investors of every ilk are rushing to take advantage of present real estate conditions, “buying up companies and assets in every part of the housing supply chain”, such as foreclosed homes, undeveloped land, home builders and building parts manufacturers, according to a report in CNN Money.
Big Investment Companies Buying Up Atlanta Foreclosures One At A Time
October 17, 2012 by
FHFA announced earlier this month that the planned bulk sale of Fannie Mae REO’s in Atlanta, Georgia has not produced a winning bidder. But this does not mean that Atlanta’s huge stock of foreclosures are not selling.
Foreclosed Homes Used as Marijuana Farms
May 9, 2012 by
Dozens of homeowners have cursed their luck during the foreclosure crisis, but at the same time, many people are using it as an opportunity to cash in – both legally and illegally.
Beat the Competition to Foreclosed Homes
February 7, 2012 by
Although we might be awash with foreclosed homes at the moment, the best of these properties aren’t always so easy for buyers to get their hands on. One of the main problems is that foreclosures are available at such big discounts – perhaps as much as 35% less than the market rate – meaning that investors with cash in hand are often able to trump the rest of us.
Chicago Begins Renovating and Renting out Foreclosed Condos
January 10, 2012 by
Cities across the US are grappling with the same question: What to do with all of those homes left vacant by the large number of foreclosures? While government agencies at a national level struggle to put together a coherent program for transforming foreclosed homes into rental properties, it seems that some cities are already taking matters into their own hands.
