Real estate market recap, March 13-17
Active inventory reached a record low for February, dropping 17.9 percent year-over-year. Average days on market dropped from 75 in February 2016 to 68 in February 2017.
Active inventory reached a record low for February, dropping 17.9 percent year-over-year. Average days on market dropped from 75 in February 2016 to 68 in February 2017.
Both Freddie Mac and Fannie Mae have announced the suspension of eviction lockouts for single-family and two- to four-unit properties for the holiday season. The moratorium will begin December 17 and end January 2. Fannie Mae said it will allow legal and administrative proceeding for evictions to proceed during the 16-day period, but families will…
Xavier Milton Earquhart faces 14 counts of bank fraud, five counts of engaging in monetary transactions involving criminally derived property and one count of aggravated identity theft. He is being held without bond in the Harnett County jail. Foreclosure News
VINOD K. KAURA et al., Plaintiffs and Respondents, v. STABILIS FUND II, LLC, Defendant and Appellant; CITY OF INDIO, Intervener and Respondent. Foreclosure News
On February 21, 2017, the United States District Court for the Central District of California issued a stipulated order as to the final defendant in an alleged mortgage-relief scam. The court had entered judgment against the other co-defendants in the case, Federal Trade Comm'n v. Foreclosure News
Jill Schramm/MDN A proposed housing development just outside Berthold that broke ground in 2014 currently is among properties in foreclosure in Ward County. That's not quite doubled from last year, but it reflects an increasing number of incidents in which property owners are letting taxes fall into arrears. Foreclosure News
While the foreclosure crisis is over and federal regulators are being less assertive on enforcement actions, mortgage servicers can't let their guard down about compliance, according to Standard & Poor's. Some of the recent positive news for the “beleaguered industry” included: acting Consumer Financial Protection Bureau Director Mick Mulvaney's statements at the Mortgage Bankers Association…