Zombie foreclosures rise despite existing moratorium

Research shows that so-called “zombie foreclosures” are emerging in much bigger numbers again as distressed homeowners abandon their properties in the belief that they will soon be repossessed. Around 1.4 million residential homes in the U.S. stood vacant in the second quarter, amounting to 1.4% of all homes, ATTOM Data Solutions said in a new

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Expert says rising mortgage rates will be good for the housing market

It looks as if the Federal Reserve is finally going to do something about raising short term interest rates

RealtyTrac Reports Increase in Short Sales Over Second Quarter

US banks are finally making a difference in the battle to clear the large distressed property inventories plaguing real estate markets by agreeing to increased numbers of short sales, it’s been revealed. What’s more, the average short sale transaction is being completed much faster than before, reports real estate analysis firm RealtyTrac. Speaking to Bloomberg,

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Report Shows One Million Foreclosures To Be Delayed Until 2012

A new report from RealtyTrac suggests that around one million foreclosure notices expected to be filed by mortgage lenders in 2011 will be delayed until the following year – a boon for homeowners who will gain extra time to catch up with their mortgage repayments and avoid losing their homes.   However, it might not

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