Economic Report: Foreclosures keep falling, but housing won’t be…
There were 433,000 homes in the foreclosure inventory in April, a 10-year low. That means that a lender has initiated, but not yet completed, the foreclosure process.
There were 433,000 homes in the foreclosure inventory in April, a 10-year low. That means that a lender has initiated, but not yet completed, the foreclosure process.
Devastated by the recent housing market crash and years of poor economic conditions, Stahelin Avenue was plagued by drugs, vacant homes, and burned down structures. “We have nice stately homes, we had a wonderful income median at that time, and then here's this street,” says Beverly Frederick, who lives near Stahelin Avenue in Rosedale Park…
The banking royal commission enters its second week of hearings on small business loans, with today's focus set to shift to the Commonwealth Bank's foreclosure of many Bankwest business loans after it bought the lender in the wake of the financial crisis. Foreclosure News
A glitch by Wells Fargo has led to hundreds of mistaken foreclosures, which means that more than 500 of the bank's customers lost their homes. The financial institution said that a computer glitch is in part to blame for an error that reportedly led to 545 customers losing their homes. Foreclosure News
Pennsylvania foreclosures are at their lowest level since before the recession, but the state still has one of the highest rates in the country. Nearly 31,000 properties in Pennsylvania were foreclosed last year, according to a report from ATTOM Data Solutions, an Irvine, California-based real estate firm. Foreclosure News
As foreclosures nationally hit an all-time low, New Jersey's housing market is seeing repossessed homes reach a 11-year high. Of the state's total housing supply, nearly 2 percent of homes were in foreclosure in 2017 and, between November and December last year, the number of homes owned by the bank went from 1,448 to 2,308,…
Using money saved from a job and borrowed from his grandmother, he bought a foreclosed condo in north Pinellas County for $ 67,000. He did some inexpensive renovations and flipped it for $ 125,000 Now foreclosures are very rare,” he said. Foreclosure News