Sentences with phrase «than a foreclosure in»

Despite the emphasis on short sales as an alternative to foreclosure (short sales are better than foreclosures in almost all circumstances), I do expect that we will see a broad increase in foreclosures later this year.

Some HOAs have found that the short - sale route can be more successful than foreclosures in getting some unpaid dues recouped over.

Not exact matches

And in some states, falling behind by no more than 60 days could legally entitle a mortgage lender to initiate foreclosure proceedings.

In 2012, the city filed for bankruptcy and had the nation's highest foreclosure rate at more than four times the US average, according to RealtyTrac.

Homeowners with equity in their properties will do everything possible to make mortgage payments to avoid foreclosure — perhaps more than a prime borrower with just 5 % down.

In fact, few things can be more damaging to growth than the kind of financial crisis that Mulvaney conveniently looks past — the one that started precisely in 2007, sent unemployment to 10 % nationally and much higher in many places, and resulted in bailouts for banks but foreclosures for working AmericanIn fact, few things can be more damaging to growth than the kind of financial crisis that Mulvaney conveniently looks past — the one that started precisely in 2007, sent unemployment to 10 % nationally and much higher in many places, and resulted in bailouts for banks but foreclosures for working Americanin 2007, sent unemployment to 10 % nationally and much higher in many places, and resulted in bailouts for banks but foreclosures for working Americanin many places, and resulted in bailouts for banks but foreclosures for working Americanin bailouts for banks but foreclosures for working Americans.

With that in mind, the site compared more than 180 U.S. cities across 29 key metrics including unemployment, poverty, foreclosure rates, income volatility and savings habits to see where people are in the best and worst financial shape.

New Jersey and parts of Long Island had more nonprime mortgage activity than the national average and now has more delinquencies and foreclosures than in much of the region.

If foreclosure does happen, it will look a little different in California than in other states.

Non-judicial foreclosures are generally faster and easier for lenders to execute than the judicial process, which involves a court, along with lawsuits and appeals in some cases.

More than 90,000 veteran homeowners avoided foreclosure in 2015 alone thanks to this effort.

America's housing crisis generated nearly 4 million foreclosures and devastated residential equity for more than six years, but it also created a powerful new positive force in the nation's residential real estate economy.

Declines in foreclosures and REOs inventories caused by a multi-year decline in foreclosure starts put upward pressure lower tiered properties more than more expensive homes.

But in Illinois a judge must order a foreclosure, which means the foreclosure process in Illinois tends to take longer than it does in states that allow non-judicial foreclosure.

On Wednesday, the bank launched a program to rent out 500 homes to homeowners who are having trouble paying their mortgage, rather than put the loans in foreclosure and kick the owners out.

Will County courthouse officials have been unable to locate a south suburban restaurant owner involved in a more than $ 1.75 million foreclosure lawsuit, according to court documents.

In March 2015, more than a year after the grant was announced, a bankruptcy judge finally ruled that Syracuse could not proceed with a tax foreclosure to seize the building.

But in Brooklyn, incumbent state Sen. John Sampson, under federal indictment for allegedly embezzling more than $ 400,000 in foreclosure funds, defeated Mayor Bill de-Blasio-backed candidate Dell Smitherman.

Last night I spoke to someone who helps people in foreclosure and was told that the foreclosures in Rockland County are higher now than ever.

At 10 a.m., a new report will show black and Latino homeowners in the outer NYC boroughs remain in the grips of the foreclosure crisis because the value of their homes is less than the outstanding balance on their mortgages; Council members will call on the city to use eminent domain to seize «toxic» mortgage and modify them, City Hall steps, Manhattan.

And that money will enable the county to pursue foreclosure action against more delinquent property tax payers, overall, than it has in the past 15 years.

The Boulevard Mall, the oldest enclosed shopping mall in the WNY region, has a new owner after Forest City Enterprises gave up control rather than go through a foreclosure.

In a lopsided victory, the incumbent Sampson — who is accused of with stealing more than $ 400,000 in home foreclosure sales and tampering with an FBI investigation, among other charges — garnered 3,000 votes more than his closest challenger to take 54.2 percent of the vote in the Democratic primary for the 19th Senate districIn a lopsided victory, the incumbent Sampson — who is accused of with stealing more than $ 400,000 in home foreclosure sales and tampering with an FBI investigation, among other charges — garnered 3,000 votes more than his closest challenger to take 54.2 percent of the vote in the Democratic primary for the 19th Senate districin home foreclosure sales and tampering with an FBI investigation, among other charges — garnered 3,000 votes more than his closest challenger to take 54.2 percent of the vote in the Democratic primary for the 19th Senate districin the Democratic primary for the 19th Senate district.

An elected official in the Town of Alden hasn't paid his property taxes in more than five years and is in peril of losing his home to foreclosure.

Statewide, the number of pending foreclosure cases increased from 72,183 at the beginning of 2013 to a peak of more than 91,600 in May 2014.

Sampson was sentenced to five years prison in January on charges of obstruction of justice and lying to the FBI about illegally skimming more than $ 400,000 from foreclosure deals he worked on as a court - appointed referee.

Since it began, MAP has provided $ 18 million in small loans to homeowners to clear other debts and qualify for mortgage modifications; it has prevented more than 650 foreclosures and preserved $ 153 million in property value for nearby homeowners.

And that money will enable the county to pursue foreclosures against more delinquent property tax payers, overall, than it has in the past 15 years.

The county began cracking down on city property owners this year for the first time since 2005, threatening foreclosures against nearly 150 of the worst offenders and generating more than $ 750,000 for the county in city tax payments and proceeds alone.

Sampson was indicted in 2013 after prosecutors said he stole more than $ 400,000 in home foreclosure sales to help finance an unsuccessful bid for Brooklyn district attorney and tried to cover up the alleged crime.

Aug 30, 2007 07:28 AM PDT The infamous adult nightclub, Crazy Horse Too, is now in foreclosure, with the federal The Fate Worse Than Death trope as used in popular culture.

A home in foreclosure must be sold at a much lower price than if it were on the open market.

In fact, the foreclosure start rate for FHA loans is LOWER than for loans in generaIn fact, the foreclosure start rate for FHA loans is LOWER than for loans in generain general.

In other words, FHA loans have a higher delinquency rate but a lower foreclosure rate than mortgages generally.

PMI is required by lenders when you make a down payment of less than 20 percent, to protect the lender from losing money if the property ends up in foreclosure.

But in this case, the mortgage company can carry out an auction of the property rather than having the sheriff's office or local courts do it, which is what distinguishes it from a judicial foreclosure.

In 2008 and 2009, we saw more home foreclosures than ever before in our nation's historIn 2008 and 2009, we saw more home foreclosures than ever before in our nation's historin our nation's history.

Remember HUD said in early December that «more than 33,000 borrowers have already refinanced their subprime home loans with FHASecure, a government - insured foreclosure avoidance initiative.»

Credit Absolute is one of best credit repair agencies in the United States, and are in a position to fight for their clients to have such delinquencies and foreclosures removed from the record far sooner than the 7 year average.

Unfortunately, the reality is that the only legitimate way to get an accurately reported foreclosure, deed in lieu, short sale (typically reported as «settled for less than full balance») or other negative notation removed from your credit report is for the lender reporting it to instruct the credit bureau to strike it from your credit report as a «goodwill» gesture; not something that often happens.

Most financial institutions have no interest in sitting on foreclosures longer than necessary so they will often take an amount as close to the principle owed as possible.

This is riskier however because it assumes they can get the foreclosure for cheap, fix it up inexpensively, result in appraised value of more than their total investment thus far and finally be able to find renters willing to pay the monthly mortgage.

1Cosigner Release allowed if an account is in current standing, after 36 months of consecutive and on — time payments with a borrower FICO greater than 699 and minimum income requirement of $ 30,000 for loan balances up to $ 100,000, and income requirement of $ 50,000 for loan balances over $ 100,000 with no foreclosures, repossessions, wage garnishments, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

«This slowdown continues to be largely the result of massive delays in processing foreclosures, rather than the result of a housing recovery that is lifting people out of foreclosure,» notes RealtyTrac CEO James Saccacio in a statement.

Homes are more affordable right now than at almost any time in our country's history except for the foreclosure years (2009 - 2015) when homes sold at major discounts.

The deed in lieu process also moves more quickly than a foreclosure or short sale.

As has been the case in recent years, the year - on - year uptick in prices indicates fewer distressed properties on the market; these properties, foreclosures and short sales, are where the home sells for less than is owed on the mortgage, and typically drag down median prices.

In the event the loan balance is greater than the value of the home, the borrower can either arrange to voluntarily turn over ownership of the property to the lender (Deed in lieu of foreclosure), or buy the home at 95 % of the appraised valuIn the event the loan balance is greater than the value of the home, the borrower can either arrange to voluntarily turn over ownership of the property to the lender (Deed in lieu of foreclosure), or buy the home at 95 % of the appraised valuin lieu of foreclosure), or buy the home at 95 % of the appraised value.

year - on - year uptick in prices indicates fewer distressed properties on the market; these properties, foreclosures and short sales, are where the home sells for less than is owed on the mortgage, and typically drag down median prices.

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.