Buyers who have taken home buying classes are more confident when asking questions and making decisions about homeownership and loan products. Education gives buyers the tools they need to avoid predatory lending and possible foreclosure.
Another Taylor Tudor building could eventually be dropped into the city's lap, as council learned in a mid-year update on its 2018 Priorities List. After gaining ownership of the vacant building at Superior Park and Taylor Road in January, “the adjacent tax delinquent structures are matriculating through the foreclosure process,” City Manager Tanisha Briley told…
Homes that go into foreclosure are usually seized by the state because the homeowner cannot maintain mortgage payments. Most area homes are under judicial foreclosure, which means they go through the court system. Foreclosure News
The mortgage holder has initiated foreclosure proceedings against building owner Ricky E. Frazier, who leases the iconic downtown restaurant at 85-87 Public Square to the Dephtereos family. It's the first step in the foreclosure process, which can take many months or even years. Foreclosure News
Drafting an ordinance to address abandoned or bank-owned properties not maintained and commonly referred to as “zombie” houses, will be a priority for city officials in 2018. An increased number of homeowners lost their homes in foreclosures during the last decade due to economic issues, said Mayor James Anzaldi. Foreclosure News
In May, sales of previously-owned homes slumped, the second month in a row of declining sales . The National Association of Realtors, which tracks those sales, pointed to the same culprit it's blamed for the past few years: not enough supply of homes to buy. Foreclosure News
When a borrower asserts an alleged violation of N.C. Gen. Stat. 75-1.1 against a lender, the claim often presents a familiar fact pattern. Foreclosure News
