RealtyTrac is predicting that short sales will continue to
grow as foreclosure starts were up both nationally and in 31 states in March.
Not exact matches
Modifications and
foreclosures force a restatement of the asset on the balance sheet, and in the current environment, the ability to obscure valuations appears to be a primary reason for the
growing gap between delinquencies and
foreclosures,
as well
as the reluctance of banks to modify mortgages.
Many people have mentioned that there are still big write downs to come in the industry — largely
as a result of the commercial real estate problems,
growing number of home
foreclosures, and the Option ARM and Alt - A resets that lie ahead.
Amid
growing concerns about FHA reserves falling below legally required levels, FHA is preparing for more problems
as its mortgage loans originated during 2007 and 2008 are in or will soon enter the most risky period for
foreclosure.
Now,
as housing prices decline further and
foreclosures grow, the markets are worried that Fannie and Freddie themselves may default on their debt.
The demand for paralegals is expected to
grow especially in areas such
as intellectual property, healthcare, international law, elder issues,
foreclosures, bankruptcy, criminal law, and environmental law.
As REALTORS ®, we can help address the
growing foreclosure problem and reduce the chance of future buyers facing
foreclosure by:
As foreclosures grew over the last six years, many homeowners became renters.
Middle - aged adults with chronic conditions that
grew worse
as they aged are nearly twice
as likely to default on their mortgages and 2.6 times
as likely to fall into
foreclosure than those with chronic conditions that remained stable, according to new research.
Led by demographer Matthew Hall, researchers estimate racial segregation
grew between Latinos and whites by nearly 50 percent and between blacks and whites by about 20 percent
as whites abandoned and minorities moved into areas most heavily distressed by
foreclosures.