Michael Froehlich was getting so sick of seeing the “We Buy Houses” signs desecrating his West Philadelphia neighborhood, he decided to offer a bounty for them – $ 1 for every one dropped off at his house, up to $ 200. “Everyone who came by said they already do this anyway,” Froehlich, 42, said Monday.
April data from the Federal Housing Finance Agency indicates that, once again, there was no moderation in the pace of home price increases . FHFA's Housing Price Index , which is based on loans sold to or guaranteed by the two GSEs, Fannie Mae and Freddie Mac, increased 0.7 percent from March. Foreclosure News
Many homes that go into tax foreclosure in Detroit are owned by landlords. The renters are often booted out once the homes are sold at auction. Foreclosure News
ABA Journal Daily News
In the third quarter of 2017, the share of distressed properties in the overall residential property sales fell to 12.5%. This is its lowest level since the third quarter of 2007, according to ATTOM Data Solutions. Foreclosure News
And the winner in all this is the residential mortgage servicing industry, which collects monthly payments and cashes in on fees for every homeowner's misfortune. The number of repeat foreclosure filings in New York City far outstrips that of other major cities like Los Angeles, while New York state is No. Foreclosure News
