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Citibank, Wells Fargo Halt Foreclosure Sales Due To New Rules

By Mike Wheatley | May 21, 2013
Two of America's biggest banks have announced a temporary halt to foreclosure sales in several US states. Citigroup and Wells fargo said that the move was a precautionary measure after federal regulators made changes to guidance on the minimum standards applied to foreclosure transactions in the affected states.
Real Estate, US Real Estate

Experts Speculate on Foreclosure Discounts

By Mike Wheatley | March 20, 2012
The general consensus is that foreclosures will soon pick up again, as lenders look to start getting through the huge backlog of troubled loans they have amassed over the last year and a half. This expectation has led to a number of analysts wondering what the impact on overall home prices will be.
Mortgage, Real Estate, US Real Estate

LPS Reports Spike in Foreclosure Starts and Sales

By Mike Wheatley | March 8, 2012
Foreclosure starts and foreclosure saw a significant jump last January, rising by 28% and 29% respectively on the previous month’s totals, according to the Lender Processing Services’ (LPS) latest available data.
Mortgage, Real Estate, US Real Estate

Low Appraisals Continue to Hurt Real Estate Sales

By Mike Wheatley | February 8, 2012
Thousands of real estate deals up and down the country continue to called off due to low appraisals which come in lower than the previously agreed-upon sales price, new surveys have revealed.
Mortgage, Real Estate, US Real Estate

Government Plans To Rent Out Foreclosed Homes

By Mike Wheatley | July 24, 2011
The government is investigating new plans to try and limit the number of foreclosures going onto the market in an effort to prevent unsold foreclosed homes damaging values even more – by simply renting them all out instead. The Wall Street Journal reported that the Obama administration is currently examining the viability of pulling foreclosed […]
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