By 2004, it was known by public officials in Cleveland that a number of its working-class and often black neighborhoods were experiencing unusually high rates of foreclosures, and that this spike had shady lending as its cause. Alan Greenspan and the governor of Ohio at the time were alerted about the crisis and its seriousness, but they did nothing about it.
While mortgage payment delinquencies are generally down across the country, they were explainably up in states hit by Hurricanes Irma and Harvey, resulting in a slightly raised annual delinquency rate, according to the October 2017 Black Knight Mortgage Monitor. Irma and Harvey can be blamed for a total of 229,000 “past due” loans, which represent…
When you can't make your mortgage payments it can feel like there are zero options and the walls are closing in around you. Take a deep breath and listen up because there are still some options any homeowner under financial duress can consider. Foreclosure News
ABA Journal Daily News
Renovate America, the nation's largest provider of Property Assessed Clean Energy financing, today welcomed a new analysis by Kroll Bond Rating Agency that identifies several positive developments in the PACE industry and says concerns about foreclosures on properties with PACE assessments “may be overstated.” Kroll, which has rated the senior tranches of all 22 public…
Honolulu's former police chief, Louis Kealoha, and his deputy prosecutor wife, Katherine, have apparently stopped paying the mortgages on their Hawaii Kai home, and haven't paid the property taxes on their Kahala condo either, Hawaii News Now has learned. Legal experts say these new developments could threaten their legal team, made up of taxpayer-funded attorneys…
The private equity firm that moved earlier this year to foreclose on Northgate Mall in Durham has bought the struggling shopping mall. James C. Adams II, the Greensboro legal counsel for Northgate, said that Northgate Associates decided to sell the property in lieu of a foreclosure. Foreclosure News
