Sentences with phrase «by foreclosures over»
In most cases, inland communities in San Diego were hit hard by foreclosures over the last few months.
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In addition, nearly 4 million single - family homes, the majority of them foreclosures, were purchased by investors and converted to rental homes, bringing the total now to just over 18 million.
But recently she's noticed an uptick in foreclosure - related problems, as companies hired by banks to look over their reclaimed properties fail to maintain them.
Top officials in the Obama administration hoped for a quick settlement to a major lawsuit brought by state attorneys general over bad foreclosure practices.
According to data collected by the New York Federal Reserve, over 23,000 homes in the Hudson Valley are 90 or more days delinquent, or have already begun the foreclosure process.
The problem with appraisals over the last couple of years is not that they weren't valid at the time of the loan, but that the foreclosures caused by mortgage fraud and ridiculously lenient loan programs have caused property values to crash.
On the one hand, filing for chapter 13 bankruptcy can help you save a home from foreclosure by forcing your lender to take past due mortgage payments in small increments over a 3 - 5 year period rather than forcing you to pay back what you owe in a lump sum right away.
About the author: The above Real Estate information on Lenders choosing foreclosure over short sale approval was provided by Bill Gassett, a Nationally recognized leader in his field.
It's true, filing a chapter 13 bankruptcy can stop foreclosure and allow for some breathing room by dividing overdue payments into manageable installments over a 3 - 5 year period.
According to information from ForeclosureRadar via a Housingwire.com article by Jason Philyaw, notice of foreclosure filing in the state of California increased in August by 16.6 percent over July.
As foreclosures have increased over the last two years the FHA's cash reserves have dropped below the 2 % capital reserves required by Congress.
«In the first quarter survey many real estate professionals expressed concern over five factors that could potentially impact home prices adversely: rising interest rates, expiration of the home buyer tax credit, persistent unemployment, continued foreclosures and the release of shadow inventory held by the banks,» said HomeGain General Manager Louis Cammarosano.
Once you file your Chapter 13 bankruptcy petition, foreclosure proceedings are stopped and, by making your scheduled payments over the repayment period, you can keep the home you love!
At each geographic classification, there are 7 measures: total delinquencies, delinquency by past due category (30 - 59 days, 60 - 89 days and 90 days and over), new foreclosures, foreclosure inventory and seriously delinquent.
According to a recent report highlighting to projections by Credit Suisse with household incomes decreasing, unemployment is rising and all signs point towards continued economic failures blobally, more than 8 million homeowners could lose their homes to foreclosure over the next four years.
Family disputes over property owned by a recently deceased parent, a home foreclosure due to unpaid mortgage bills, criminal charges that lead to jail time — these types of difficult scenarios can all be avoided with the help of Kalamazoo attorney Gary Tibble.
He recently was named by the Office of the Public Guardian as Pro Bono Attorney of the Year for volunteering over 150 hours to represent the best interests of the wards in guardianship, abuse, neglect, financial exploitation, and foreclosure cases.
He discussed recent decisions by the Massachusetts Supreme Judicial Court and the Massachusetts Appeals Court on Housing Court jurisdiction over foreclosure challenges, the authority of the Mortgage Electronic Registration System (MERS) to assign mortgages, and so - called «robo - signing» and its impact on Massachusetts lenders and real estate practitioners.
I was listening to the Rush Limbaugh program Friday and he had a call from a landscaper in Florida who said that his income had been cut by over 50 % due to the new home foreclosures.
Is this a sign of a recovery in real estate, which has been bogged down by a high number of foreclosures over the last several years?
These are things that many people do during the standard home - buying process, but might gloss over when lured by a low foreclosure price tag.
Next students will go over taxation, with property taxes, other taxes, impact of taxation on financing arrangement, followed by foreclosure, a definition of foreclosure, loan default, judicial foreclosure, strict foreclosure, foreclosure by power of sale, and alternatives and remedies for foreclosure.
Topping the foreclosure news in Stockton the more important delinquency rate has improved by a full 3 % year over year.
By the time the note was transfered to us, the foreclosure and eviction were over, and it was vacant.
Some of the most stubborn foreclosure cases are finally being flushed out of the foreclosure pipeline, and we all can expect to see more noise in the numbers over the next few months as national foreclosure activity makes its way back to more stable patterns by the end of this year.
About the author: The above Real Estate information on Lenders choosing foreclosure over short sale approval was provided by Bill Gassett, a Nationally recognized leader in his field.
«Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year,» said Frank Martell, president and CEO of CoreLogic.
New data from the National Association of REALTORS ®» Local Market reports shows that the national foreclosure rate eased from 2.8 percent in June of 2011 to 2.7 percent by December, with 113 of the 163 markets surveyed experiencing a decline in their foreclosure rate over this period.
Given the concerns over increasing foreclosure rates, chances of passing predatory lending curbs backed by NAR also look solid.
Stark, who has been described by members of his Hasidic community as a charitable man, was also over his head in debt due to foreclosure lawsuits involving his residential properties and other business - related dealings.
Over one million households were affected by foreclosures during the first six months of 2012.
The paperwork challenges faced by banks that caused a delay in the foreclosure process over the last ten months are starting to clear.
Over on my Sacramento Blog, I've been discussing how Sacramento County real estate sales are starting to heat up in a big way, fueled by high foreclosure rates and huge year - on - year price reductions.
Well - known investor Warren Buffett is investing $ 5 billion into Bank of America, which in recent months has been plagued by legal trouble over its foreclosure practices and has seen its stock values plunge.
The foreclosure inventory fell by 84 basis points over the past four quarters.
More than 14 million renters live in single - family homes in the U.S., but over the past year the sector has received much more attention from private - equity funds and other institutional investors looking to build large pools of rental homes by purchasing foreclosures and other distressed properties at fire - sale prices.
NEW YORK — The federal agency overseeing Fannie Mae and Freddie Mac, the taxpayer - owned mortgage finance giants, failed to refer to investigators almost 100 complaints about possible foreclosure abuse and mortgage fraud over a recent two - year period, according to a report by the inspector general of the Federal Housing Finance Agency.
In sum, the serious delinquency rate, the portion of loans either 90 or more days late or in the foreclosure inventory decreased by 108 basis points over the past year.
More cities are adopting ordinances aimed at fighting the blight of foreclosures by requiring lenders to upkeep abandoned properties even before they take over title.