Hurricane Stricken States Now Seriously Delinquent
Black Knight notes a significant uptick in seriously delinquent mortgages in December. The number of loans that were 90 or more days overdue increased by 60,000 during the month to 726,000.
Black Knight notes a significant uptick in seriously delinquent mortgages in December. The number of loans that were 90 or more days overdue increased by 60,000 during the month to 726,000.
As attorneys representing the financial services industry well know, the financial crisis of 2007-2008 resulted in a wave of foreclosures across the country as borrowers struggled to make payments on their mortgages. The sudden increase in the volume of foreclosures required courts in many states to address an issue that had not been fully resolved…
Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. Foreclosure News
There's been a lot of talk lately about a shift from seller's market to buyer's market, what with home price gains beginning to moderate somewhat and mortgage interest rates on the rise . But it seems this has been more speculation than reality, with home price gains still quite high and pricing relief for would-be…
If you're struggling to make your monthly mortgage payments or have fallen behind, you may be at risk of losing your home. But depending on the circumstances, you may be eligible for a loan modification, which can make it easier to stay on top of mortgage payments and avoid foreclosure. Foreclosure News
Missaukee County Treasurer Lori Cox is asking the county's commissioners to oppose some legislation a state house committee is considering. The bill is designed to make it possible for somebody to get property back after it has gone through foreclosure, according to a legislative analysis of the bill. Foreclosure News
You've found your dream Beacon Hill condo for sale , the seller has accepted your offer, your loan has been approved and you're eager to move into your new Beacon Hill home . But before you get the key, there's one more step-the closing. Foreclosure News