The corner building at 72 State St. has been vacant since 2013 and was condemned by the city last May “for lack of power, heat, water, not being secure [and] broken windows,” Community and Economic Development Director Tanya Emery said. Squatters were also found living inside the building.
While the national foreclosure crisis no longer commands much attention, a seven-year-old lawsuit tied to the foreclosure of a Centerville, Ohio, home continues to wind its way through the federal court system, at times getting national attention – and illustrating the enduring problems created by the crisis. The case highlights “the problem of questionable legal…
Peer-to-peer borrowers on South Korean lending platform Tera Funding had repaid 202.4 billion won in loans without becoming overdue, as of end-June, according to the startup on Monday. This marked the first time that a Korean P2P lending platform extended loans over 200 billion won and had the borrowing fully compensated, the startup said. Foreclosure…
July's year-over-year increase in foreclosure starts for 44% of the nation's metro areas is a result of looser underwriting standards and a sign of future growth in defaults, said Attom Data Solutions. A total of 30,187 properties started the foreclosure process for the first time in July, up 1% from June and up less than…
HOA board members often wonder what happens to the liens if the owner of the property is attempting to do a short sale? Q: Our HOA reserves are extremely low and our collections are growing worse by the day. We are a gated community with many renters. Foreclosure News
West Michigan county treasurers are touting a state-administered fund designed to bail out homeowners in danger of losing their homes or condominiums to mortgage or tax foreclosures. The Step Forward program, first created in 2010, has already paid out more than $ 307 million to 34,597 homeowners, according to the Michigan State Housing Development Authority…
Real estate agents have sold more homes in Jefferson and St. Lawrence counties during the third quarter last year than any other third quarter in the past four years as more home buyers secure stable employment. Third quarter median home prices for both counties, however, fell to their lowest level during that time span as…
