The delinquency rate for U.S. real estate loans in commercial mortgage-backed securities dropped for the eighth straight month in February. The CMBS loan delinquency rate fell to 4.51 percent, a decrease of 32 basis points from January, and the lowest level since Feb. 2016, according to Trepp, a CMBS loan analyst.
In a recent opinion, the Supreme Court of Delaware held that a mortgage holder must be entitled to enforce the underlying obligation that secures the mortgage in order to foreclose on the mortgage. As a result of the court's decision in Shrewsbury v. Foreclosure News
It's not uncommon for a household at any income level to run into temporary money shortages. The initial problem may be a sudden large expense, a loss of income, or snowballing credit card debt. Foreclosure News
Years after the worst of the housing crisis, states still dealing with high foreclosure activity are weighing laws to speed the process on vacant or abandoned properties. Maryland Gov. Larry Hogan is expected to sign a bill soon that would fast-track the foreclosure process for abandoned or vacant properties. Foreclosure News
On the first episode of TV's newest real estate show, Tampa agent DeLeon Sheffield welcomes client John Racener to a large house for sale. “I love this part right here,” Racener exclaims as they step onto a covered lanai. Foreclosure News
Three owners and/or managers of Los Angeles, California-area foreclosure rescue companies, Dorothy Matsuba, Jamie Matsuba, and Thomas Matsuba, were sentenced to 240, 135, and 168 months in prison today for their roles in a foreclosure rescue scheme, respectively. Foreclosure News
Christa Battaglia, right, and Brendan Keating in the duplex they share with their children, Gideon and Fiona, and Battaglia's father, Joseph Battaglia, on Chicago's north side, July 12, 2018. A record 64 million Americans now live in a multigenerational home, according to a Pew Research Center report, up from 32.2 million in 1950. Foreclosure News
