Once the country's top spot for foreclosures, Orlando's rate of house repossessions has returned to normal but the region has yet to fully recover from the housing bust, a new study shows. Buyers no longer have bargain-priced options and fewer cash investors are competing for bank-owned properties.
Oscar Celso Anez is the latest to plead guilty to rigging foreclosure auctions with other Mobile, Alabama, real estate investors. “The money that the conspirators paid to one another would have gone to mortgage holders, homeowners and others with a legal interest in the property,” the DOJ added. Foreclosure News
FILE PHOTO: A woman walks out of the headquarters of the People's Bank of China , the central bank, in Beijing November 20, 2013. China's central bank has relaxed its management of cross-border capital flows put in place just months ago to shore up the yuan currency, and is no longer demanding that banks match…
CREIGHTON'S RURAL MAINSTREET INDEX REACHES HIGHEST LEVEL IN TWO YEARS May 22, 2017 Source: Creighton University Rural Mainstreet Index May Survey Results at a Glance: * The overall index rose to highest level since July 2015. * Almost one in four bank CEOs said the Federal Reserve should raise short-term interest rates at June meetings….
The troubled Bangor Mall, which has been headed for foreclosure after defaulting on a loan in October 2017, faces more problems. A company representing its lenders filed a motion in Penobscot County Superior Court in Bangor on July 5 seeking to appoint a receiver to protect the interests of the lenders. Foreclosure News
It is nice to have a tool that I can use to keep people in their homes, rather than going through foreclosure or short sales, and killing your credit and ability to qualify for a home loan for a minimum of two years. That is the Loan Modification Program. Foreclosure News
Here are the facts: Reverse mortgages are loans offered to homeowners who are 62 or older who have equity in their homes. The loan programs allow borrowers to defer payment on the loans until they pass away, sell the home, or move out. Foreclosure News
