The foreclosure rate in the Twin Cities metro is at an all-time low and is now one of the lowest in the nation. It's a development, however, that's partly the result of underlying troubles in the housing market: A shortage of listings and tight credit.
Masjid Al Aman, a mosque and community center that has served thousands of residents in the City Line section of East New York for over 25 years, is the latest house of worship on the path to foreclosure due to an improper denial of property-tax exemption under the state law that mandates charity organizations pay…
The U.S. mortgage finance agency said it is working with loan servicers to ensure that no property inspection costs resulting directly from Harvey or Irma are passed on to borrowers who were impacted. “They may be able to put their mortgage payments on hold for up to one year if their mortgage is owned or…
Loans are often secured by the fee title to real property owned by the borrower. But loans can also be secured by the borrower's leasehold interest in property. Foreclosure News
A federal judge in Chicago on Friday issued a nationwide injunction blocking the Trump administration from refusing to release public safety grants to sanctuary cities that don’t cooperate in immigration enforcement. ABA Journal Daily News
One of President Donald Trump's closest friends and confidants took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord buying up homes, bumping up rents and allowing the properties to fall into disrepair. Southern California billionaire Thomas J. Barrack is the mastermind behind the…
A team of contractors works on the renovation of a home in Phoenix. A decade after the U.S. housing crisis, some old habits are back, including house flipping. Foreclosure News
