Mortgage, Real Estate, US Real Estate

Ohio moves to combat zombie foreclosures through new legislation

By Mike Wheatley | July 4, 2016
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.
US Real Estate

New Foreclosures Hit a Record Low

By Allison Halliday | June 14, 2016
According to an article in economic populist.org, Mortgage Monitor figures from Black Knight Financial Services show there were 595,235 home mortgages in the foreclosure process at the end of April. This equates to 1.17% of all mortgages. The figure is down from 630,766 at the end of March, which equated to 1.25% of all loans. […]
US Real Estate

FHFA’s New Principle Reduction Policy Is Too Little Too Late

By Allison Halliday | April 18, 2016
This was the view of the California Reinvestment Coalition (CRC) about the agencies new principle reduction policy. Kevin Stein, associate director at CRC said “Today’s announcement by FHFA that principle reduction loan modifications will be available on a limited basis for Fannie Mae and Freddie Mac (“GSE”) loans is the poster child for “way too […]
Mortgage, Real Estate, US Real Estate

Milwaukee zombie foreclosure bill "would worsen problem"

By Mike Wheatley | March 9, 2016
The Milwaukee Senate is due to consider a new bill that would remove the city's right to push through quick sales of abandoned, foreclosed homes (often called “zombie foreclosures”) in the area.
US Real Estate

Modest Appreciation for Real Estate Prices in US in 2015

By Allison Halliday | February 17, 2016
The latest FNC Residential Price Index shows real estate prices in the United States enjoyed a modest increase as both home construction and sales continue to show good growth. According to the article in World Property Journal, nationally property prices increased by 0.4% from November or by 6.2% compared to December 2014. During the fourth […]
Luxury Real Estate, US Real Estate

Getting a Deal on a Luxury Foreclosure

By Allison Halliday | December 24, 2015
Foreclosure homes have a reputation for being down at heel properties that require extensive renovations. However it is also possible for foreclosures to be mansions or luxury apartments, that even if they require a little work will be worth well into six figures. An article in realtor.com has highlighted the fact that foreclosures priced in […]
Mortgage, Real Estate, US Real Estate

CoreLogic: 37,000 foreclosures completed in October

By Mike Wheatley | December 9, 2015
CoreLogic today released its October 2015 National Foreclosure Report, which shows the foreclosure inventory declined by 21.5 percent and completed foreclosures declined by 27.1 percent compared with October 2014.
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