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Real Estate, US Real Estate

CFPB Has 'Zombie Foreclosures' In Its Crosshairs

By Mike Wheatley | March 18, 2014
The Consumer Financial Protection Bureau is targeting "zombie" foreclosures, a growing problem where borrowers may unknowingly still own a property that they thought the bank had foreclosed upon.
Mortgage, Real Estate, Real Estate Investing, Residential, US Real Estate

An Update on Foreclosure Activity

By John Miller | April 14, 2012
Over the last few years a lot has happened in regards to the foreclosure process, which has ultimately affected the overall real estate market. Although a lot of lenders have pushed foreclosure properties through the pipeline at an accelerated rate since the end of 2011, many distressed properties in judicial foreclosure states are still in limbo due to the long foreclosure process in these states.
Mortgage, Real Estate, Residential, US Real Estate

Banks View Short Sales as Better Option

By Mike Wheatley | March 2, 2012
America’s banks are more willing than ever to embrace a short sale in order to avoid the costly process of foreclosure, according to latest statistics from RealtyTrac. Over the last three months of 2011, there was a 15% increase in the number of short sales, totaling some 88,000 altogether
Mortgage, US Real Estate

Foreclosure Process Takes Twice as Long

By Mike Wheatley | December 29, 2011
The average length of a foreclosure process has more than doubled since the housing crisis gripped the nation in 2007. Back then, the average length of time for a home to be foreclosed was just 253 days. Now, the average length of a foreclosure process is almost two years – 674 days, to be absolutely precise.
Featured News, US Real Estate

US Facing Decades of Foreclosure Hell

By Mike Wheatley | November 11, 2011
New research compiled by LPS Applied Analytics and published in USA Today paints a particularly gloomy picture of the foreclosure situation, with the huge backlog of foreclosed home likely to take an average of 8 years to clear at the current rate of sales in US states. The shocking report revealed that in three states – […]
Featured News, US Real Estate

Foreclosure Filings Down, But It’s Not Good News

By Mike Wheatley | October 13, 2011
A new report from RealtyTrac has revealed that foreclosure filing numbers in August dropped by 6% from the previous month, while year on year foreclosures have dropped by 38% compared to the end of August 2010. However, it may not be all good news, as analysts expect that foreclosure activity may well pick up in […]
Featured News, Mortgage, Real Estate, Real Estate Investing, Residential, US Real Estate

Short Sales Activity Shows Dramatic Increase

By Donna S. Robinson | August 26, 2011
Realty Trac has released a new report indicating that banks are finally becoming more willing to discount pre-foreclosure properties, and short sell them, rather than continue with the foreclosure process. Prior to the housing market crisis, short sales were a relatively rare item. Most folks had never heard of them. They were rarely agreed to […]
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