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.
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Rushed auction offers potential bargain for East Village properties
ByadminTo stave off foreclosure, the owner of two East Village buildings is selling them at an open auction – which is unusual in the world of high-priced Manhattan commercial properties. Uriel Marrache, who has two adjoining buildings at 24 First Ave. and 99-101 E. 2nd St., has tapped Maltz Auctions to handle the bidding Wednesday…
Citya s a zombie propertya program still in limbo
ByadminComputer software problems are still hampering city efforts in how to cope with so-called “zombie properties.” The city spent about $ 60,000 on computer software to handle the zombie properties, a term that describes homes abandoned by owners after they stop paying the mortgage and before banks begin foreclosure But the software still isn't working….
FHFA Home Prices Continue Strong Gains
ByadminApril 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
Foreclosure bond moving toward enactment in Cleveland Heights
ByadminCity Council plans to move forward with legislation that would require foreclosure bonds to provide for upkeep and possible demolition of abandoned and neglected properties as they fall into disrepair. “We see no reason not to implement this policy,” City Manager Tanisha Briley said Aug. 9, although she added that council's Housing and Transportation Committee…
Banbury Cross co-owner, partner file for bankruptcy amid foreclose of 600 acres in Middleburg
ByadminOne of the pieces of the more than 600 acres of the Traveller's Rest property in the foreclosure process. Foreclosure News
Worried about foreclosure? Free help is a call away
ByadminMarquitia Fell isn't sure how she got to the website — she clicked from one site to another to another — but finally, in black and white, she found the promise she'd been looking for: a promise to make her mortgage problems go away. Fell's bank was threatening to kick her out of her Germantown,…