Why is there a real estate inventory shortage on Long Island, you ask? Everyone wants to know and the answer is simple. From Brooklyn, Bronx, and Queens, to Nassau, and Suffolk counties the theme is the same.
Tax foreclosures have ravaged this block of Monte Vista on Detroit's west side. All but seven of 22 homes have been seized for nonpayment of taxes and fallen into disrepair or been razed Wayne County doesn't always enforce a law that forbids tax delinquents from buying properties at its tax foreclosure auctions, contributing to a…
Buyer traffic is strong, but sales have lagged last January's pace. “It's very clear that too many markets right now are becoming less affordable and desperately need more new listings to calm the speedy price growth.” Foreclosure News
Almost a decade after quantitative easing began in 2008 – where the U.S. Federal Reserve expanded its U.S. Treasuries holdings by over $ 1.9 trillion and acquired another $ 1.8 trillion of mortgage-backed securities, and then kept purchasing more as the bonds matured starting in 2014 – is finally coming to an end. Foreclosure News
With the man behind The Art of the Deal in the Oval Office, it's no surprise that the economy is booming. Banks are gearing up for increased lending with the expectation that Dodd-Frank will be rolled back and student lending restrictions reduced. Foreclosure News
The delinquency rate for U.S. real estate loans in commercial mortgage-backed securities dropped for the eighth straight month in February. The CMBS loan delinquency rate fell to 4.51 percent, a decrease of 32 basis points from January, and the lowest level since Feb. 2016, according to Trepp, a CMBS loan analyst. Foreclosure News
A bipartisan group of United States senators wants federal housing agencies to extend a moratorium on foreclosures in Puerto Rico into 2019 after the devastation on the island and a big surge in mortgage delinquencies . The four senators said in a letter on Friday that a longer moratorium was needed because large swaths of…
