Total foreclosure activity for April in Monroe County fell to the lowest levels in five years, thanks to an improving economy and more responsible lending standards. There was foreclosure activity on 126 total Monroe County properties in April, according to statistics compiled by industry analyst ATTOM Data Solutions.
We know that because researchers from the Jack, Joseph and Morton Mandel School of Applied Social Sciences at Case Western Reserve University asked them. In a qualitative study, researchers focused on Cleveland service providers who shared how foreclosure affects their clients. Foreclosure News
Foreclosures are continuing their exodus from the housing market, with foreclosure inventory falling 30 percent and foreclosure completions falling 40 percent in 2016, according to CoreLogic's December 2016 National Foreclosure Report. Foreclosure completions totaled 21,000 in December, down from 36,000 one year prior and 82 percent from its recession peak. Foreclosure News
When Congress sought to make sure that abuses by the financial industry that put our economy on the brink of collapse would never be repeated, it created the Consumer Financial Protection Bureau. Since its founding in 2011, the CFPB has delivered resoundingly, providing $ 12 billion in relief to 29 million consumers wronged by banks…
Allison J. Schoenthal and Nicole E. Schiavo discuss the conflict between New York's legislation requiring mandatory settlement conferences in foreclosure actions and the Bankruptcy Code's prohibition against a creditor taking any act that can be construed as trying to collect a discharged debt from a debtor. Thus, if a foreclosure action is commenced against a…
During the worst of the housing crisis, foreclosures were everywhere. Vacant, boarded-up homes with overgrown lawns out front littered the streets of the nation, turning blocks into ghost towns and dragging down neighboring property values. Foreclosure News
Cypriot banks need to apply “additional and persistent” efforts to wrestle down a stockpile of non-performing loans , ECB's Daniele Nouy said in an interview published on Monday. Nouy, who heads banking supervision at the European Central Bank, said there had been uneven progress across banks on handling the problem. Foreclosure News
