Sentences with phrase «foreclosure activities»

The lender may or may not cease foreclosure activities if a borrower asks to provide a deed - in - lieu.

Your loan was referred to foreclosure prematurely or we did not suspend foreclosure activities when we were required to do so

Total foreclosure activity last year in the Detroit area was down 42 percent from 2013, according to RealtyTrac, and its foreclosure rate is now below the national average.

Toxic programs like sub-prime loans with no income verification and so - called «option ARMs» triggered an explosion of foreclosure activity that kicked off the Great Recession.

According to RealtyTrac 2012 metro foreclosure data Phoenix foreclosure activity in 2012 was down 37 percent from 2011 and down 58 percent from its peak in 2009.

-LSB-...] Last week's S&P / Case - Shiller Home Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the report.

That's because those seven metros experienced rebounding foreclosure activity in 2012, and much of the new foreclosure activity from 2012 will translate into a rebound in the supply of short sales and bank - owned homes listed for sale in 2013.

New foreclosure activity in 2012 increased from 2011 in Tampa (80 percent), Miami (36 percent), Charlotte (32 percent), Chicago (30 percent), New York (28 percent), Cleveland (19 percent), and Boston (10 percent).

All three of those metros were epicenters of the foreclosure crisis but have seen foreclosure activity consistently decline over the past two to three years.

«Another significant factor in the increased level of foreclosure activity is that the number of REO filings (bank repossessions) is increasing dramatically, which means that a greater percentage of homes entering foreclosure are going back to the banks.»

Minneapolis, MN: In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, the Federal Housing Administration (FHA) will extend FHA's temporary waiver of the anti-flipping regulations.

FHA has long had a program called the Preforeclosure Sales Option which allows for the Pre-approval of the Short Sale and stops all foreclosure activity for a prescribed amount of time to allow for the marketing of the property.

ShareMortgage - foreclosure activity decreased in April for the seventh straight month, bringing total foreclosure activity to a 40 - month low, according to a new report from RealtyTrac.

With mediation, instead of allowing the lender to both review you for a modification and move forward with foreclosure, the lender must issue a decision, the decision must be discussed and the mediation must be closed before the lender is allowed to move forward with foreclosure activity.

«First quarter foreclosure activity increased from the previous quarter in 26 out of the nation's 50 largest metro areas, led by Pittsburgh (up 49... View Article

Additionally, foreclosure activity continues to decline even though it remains at elevated levels compared to the period before the financial crisis.

According to recent reports by Irvine, Calif. - based RealtyTrac, foreclosure activity in Texas was down in July, including first - time and repeat postings.

California foreclosure activity increased nearly 21 percent from the previous month and almost 106 percent from March 2007.

It can shift with the wind (or rather, with legislation, caselaw, changes in the competitive landscape, merger and foreclosure activity, etc.) Reacting takes constant adjustment, and regular scrutiny of your stats so you can see how your firm is reacting to all of these changes and your resulting marketing strategies.

While foreclosure activity is down across the country, including Florida, Florida still leads the nation in foreclosures.

A total of 15 states registered a quarter - to - quarter drop in new foreclosure activity, but the overall downward trend in foreclosure starts remains in place as 45 states saw a year - over-year decline.

The overwhelming majority of foreclosure activity takes place in the $ 100,000 to $ 300,000 price range.

This drop comes on the heels of a RealtyTrac report that foreclosure activity in the Mahoning Valley decreased in April which could account for this long awaited downward absorption rate trend, if in fact, it will last.

«In those states the overall housing market should easily absorb the additional foreclosure activity with little impact on home values,» says Blomquist.

«Legislative and legal dams that have held back some foreclosure activity for years,» says Daren Blomquist, vice president at RealtyTrac, a data firm that tracks foreclosure trends.

A new survey takes a look at several real estate indicators, such as sales and listing activity, days on market, and foreclosure activity, to reveal the top - performing metros and those that are still struggling.

FHA hopes this waiver will encourage investors to renovate foreclosed and abandoned homes to increase the availability of affordable homes and stabilize communities that have seen high foreclosure activity.

«While we're seeing early signs that foreclosure activity may have peaked in some of the hardest - hit markets, foreclosures continued to rise in three - quarters of the nation's metropolitan areas in the first half of the year,» said James J. Saccacio, chief executive officer of RealtyTrac.

Based on the forecast, foreclosure activity will trim gross domestic product (GDP) growth in the nation's 361 largest metro areas by $ 166 billion in 2008.

If unemployment remains persistently high and foreclosure prevention efforts only delay the inevitable, then we could continue to see increased foreclosure activity and a corresponding weakness in home prices in many metro areas.»

September 2011 marked the 12th straight month in which foreclosure activity decreased on a year - over-year basis, according to RealtyTrac.

In its report, Inman News scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating, and home affordability is at high levels.

All of 2011 we did not see very much foreclosure activity or many foreclosure lis pendens filings because 1.

«While the worst of the foreclosure problem is in the rearview mirror for a narrow majority of counties, others are still working through rising levels of foreclosure activity, inventory and distressed sales as they continue to clear the wreckage left behind by a bursting housing bubble.»

The only service to provide Free foreclosure activity reports for any property containing current foreclosure activity.

In overall foreclosure activity, Florida moved to a third place ranking in July, behind the fellow sand - states of top - rated California and Arizona.

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.

I still see a mountain of foreclosure activity out here that is destroying equity (old fashion kind and the new «fake» stuff).

ATTOM Data Solutions reported a 19 % decrease in foreclosure activity in the first quarter of this year.

Florida foreclosure activity in the first half of 2015 decreased 22 percent from a year ago, but the state still posted the nation's highest foreclosure rate: 1.06 percent of housing units (one in every 95) with a foreclosure filing during the six - month period.

«Recent foreclosure activity patterns vary significantly from state to state, often hinging on the level of dysfunction that exists in each state's foreclosure process,» Blomquist said.

The United States Department of Housing and Urban Development (HUD) has and is addressing the housing market's «shadow inventory» and to target relief to communities experiencing high foreclosure activity.

Discussing the number of multigenerational households increasing, foreclosure activity improves, the latest FOMC minutes, housing share of GDP and much more... [Read more]

Ethics code requires Florida lawyers to report any suspicious or wrongful foreclosure activity.

There appears to be some decline due to REO or foreclosure activity.

Last year (2011) we saw a 39 percent reduction in the number of foreclosure filings in Oregon from 2010 which for now has been the peak year of foreclosure activity.

«The drop in overall foreclosure activity in November was caused largely by a 71 - month low in foreclosure starts for the month, more evidence that we are past the worst of the foreclosure problem brought about by the housing bubble bursting six years ago,» says Daren Blomquist, vice president at RealtyTrac.

Although U.S. foreclosure activity may be declining, the problem is far from over.

The metro with the lowest score was McAllen, Texas, with a 12 - month supply of foreclosure inventory, foreclosure sales accounting for 7 percent of all sales, an average foreclosure discount of 21 percent, and a 66 percent decrease in foreclosure activity in 2012 compared to 2011.

«Given that August 2006 was the peak of the housing bubble, this eight - and - a-half year low in foreclosure activity is a significant milestone and a sign that nationwide foreclosure activity is on track to return to historic norms this year,» says Daren Blomquist, vice president at RealtyTrac.