Standing at the intersection of bad luck and what a seniors advocated says is a public policy failure, an elderly man who has been called a “Robin Hood of builders” will face foreclosure Tuesday and an inevitable eviction.
Housing costs Americans more than at any time in history, and it's only getting worse as foreclosures open the door to market-cornering by inconceivably vast hedge funds who buy all those “distressed properties” and turn then into bond-coupon factories where the rent ratchets higher and higher, well ahead of inflation, wages, or affordability. Nuclear War…
Hurricane Irma flooded the homes of many Brunswick residents who live on the marsh, leaving many of their possessions destroyed. The U.S. Department of Housing and Urban Development announced last week that it will speed up federal disaster assistance to Georgia and provide support to homeowners and low-income renters forced from their homes due to…
After the meltdown of the subprime mortgage market and resulting Great Recession came an epidemic of foreclosures. Creditors initiating these foreclosures – mostly investment trusts owning pools of mortgages – often couldn't prove ownership of the loans in question, the amounts owed or both. Foreclosure News
The current struggles of the oil-based economy of the Houma-Thibodaux, La., area has led to an increase in foreclosures, a new report says. Attom Data Solutions, curator of the nation's largest fused property database, released its 1Q and March 2017 U.S. Foreclosure Market Report earlier this month. Foreclosure News
One Bank & Trust continues to look for a buyer or investors to resolve its deteriorating capital. Foreclosure News
Housing foreclosure activity in the United States dropped to the lowest level since 2005 last month, according to a business research group. ATTOM Data Solutions tracks default notices, auctions and bank repossessions across the nation and says the number of actions dropped 23 percent from a year ago. Foreclosure News
