Elected officials decided their fears of losing affordable housing to bankruptcy were unfounded and settled for the risk of allowing deed restrictions to expire with foreclosures. After learning about the potential pitfalls of safeguarding deed restrictions – which guarantee home prices stay affordable for low-income residents and local workers – the Jackson Town Council and […]
A house along Sixth Avenue that was once a part of the city's owner-occupied home rehabilitation program is under the spotlight again. The house, located at 612 Sixth Ave., was purchased by the city at a sheriff's tax sale Nov. 16 following foreclosure. Foreclosure News
While high property taxes and tepid of wage growth get most of the blame, experts say Illinois' sluggish housing market is partly because of its foreclosure laws. There were 267,000 foreclosures in Illinois between 2007 and 2016. Foreclosure News
“The key to having a long career in real estate is to be able to predict who it's best for, target those people and sell” Courtney Poulos opened her independent brokerage because after years of working for big-brand companies, “I found that I kept having to ask for permission to do outside-the-box marketing,” she explains. […]
Hurricane Florence, Carr wildfires and Kilauea volcanic eruption prompted spike in delinquencies, even as overall foreclosure rate hit 12-year low, according to CoreLogic From North Carolina in the aftermath of Hurricane Florence to parts of California ravaged by wildfires and Hawaii following the Kilauea volcano eruption , home delinquency rates rose sharply in September even […]
The Office of the Comptroller of the Currency reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the third quarter of 2018. The OCC Mortgage Metrics Report, Third Quarter 2018, showed 95.4 percent of mortgages included in the report were current and performing at the end of the […]
Juanita M. Duvall, Columbiana, et al., vs. Clyde R. Hughes, Edinburg, Pa., excess $ 25,000 sought for alleged monetary loss from a trust account for which defendant was serving as the fiduciary. Roundpoint Mortgage Servicing Corp. vs. Merlin and Danielle Brown, et al., foreclosure sought for property on state Route 45, Lisbon. Foreclosure News
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 […]
After two years, 300+ docket entries, and 12 motions, a lawsuit among members of a Delaware LLC that owned a 5-story apartment building on Manhattan's Upper East Side acquired to provide short-term rentals for international leisure and corporate travelers, and whose business was decimated by anti-Airbnb legislation, is barely past the pleadings stage and likely […]
The devastating housing crash of 2008 is now 10 years in the rearview mirror, but the danger of another financial crisis looms despite assurances to the contrary. We've been told that the housing bubble and collapse was about predatory lending and high-risk borrowers who were duped into loans they couldn't afford. Foreclosure News