Divided Decade: How the financial crisis changed housing
Ten years ago, the economy broke, and today America is a much different place. For the past year, Marketplace has been reporting on how the 2008 financial crisis changed America.
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Judicial Foreclosure Sales are Immune to Preference Challenges
ByadminThe Bankruptcy Court for the Western District of Pennsylvania has recently held that a pre-petition foreclosure of a debtor's real property, conducted in accordance with state law, is not subject to attack as a preference under 11 U.S.C. 547. [1] There, the holder of the first mortgage on the property commenced foreclosure proceedings against the…
County Foreclosure Filings Decrease
ByadminFewer Westchester County homeowners have filed for foreclosure so far this year, a sign that residents may be recovering from the real estate bubble of 2005 to 2007. Based on figures recently released by Westchester County Clerk Timothy C. Idoni, foreclosure filings in 2016 were down 54.8 percent from their all-time high in 2009 ,…
Mortgage Rates Thursday: Unchanged, as Home Equity Grows
ByadminThe average rate on a 30-year fixed-rate mortgage was unchanged, the 15-year fixed rate fell one basis point and the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Thursday. The 30-year, fixed-rate mortgage is six basis points lower than one week ago, and 27 basis points…
Former Wrangler annex building sold for $900K following foreclosure
ByadminLord Fairfax Community College's Luray-Page County Center will see a new landlord after last week's sale of the building it occupies on Luray's North Hawksbill Street. The Luray Building LLC – the former Wrangler annex building – hit the auction block last Tuesday during a trustee sale after the owner defaulted on the loan. Foreclosure…
FHA revises loss mitigation options for hurricane victims
ByadminThe Federal Housing Administration is revising its foreclosure prevention options to assist struggling borrowers in Puerto Rico and the U.S. Virgin Islands impacted by last year's hurricanes. The new policy lets servicers evaluate borrowers for the Disaster Standalone Partial Claim before the disaster loan modification using their pre-disaster monthly principal and interest payment. Foreclosure News
Public Notices Week of September 4, 2017
ByadminNOTICE OF SUBSTITUTE TRUSTEES SALE WHEREAS, default has occurred in the performance of the covenants, terms and conditions of a Deed of Trust dated February 15, 2007, executed by ANGELLA MONMOUTH, conveying certain real property therein described to LOGOS TITLE, as Trustee, as same appears of record in the Register's Office of Rutherford County, Tennessee…