The credit score hit you take from a short sale depends in part on how your lender reported the transaction to the credit bureaus. If the lender reported a deficiency balance — which is essentially the balance of your mortgage that wasn't repaid after the sale — the impact will be similar to a foreclosure.
New research from Arizona State University shows the Valley's foreclosure crisis led to more of the area's voters to opt against incumbents. Phoenix-area's foreclosure crisis shifted voters' preferences, ASU study says New research from Arizona State University shows the Valley's foreclosure crisis led to more of the area's voters to opt against incumbents. Foreclosure News
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The most ostentatious projects in Manhattan may reflect the wildest ambitions of local developers, but they're increasingly bankrolled by centers of wealth and power from all across the globe. And nowhere is that truer than on 57th Street. Foreclosure News
On May 24, 2018, President Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act 1, amending the Dodd-Frank Act. The most widely reported objective of the amendments was to make it easier for banks to lend to creditworthy customers and serve their communities. Foreclosure News
New Jersey tenants whose landlords fall into foreclosure have a right to stay in their homes – and lenders must tell them that, under a new rule adopted by the New Jersey Supreme Court. “Tenants are the invisible victims of the foreclosure crisis,'' New Jersey Public Advocate Ronald K. Chen said Tuesday. Foreclosure News
Renovate America, the nation's largest provider of Property Assessed Clean Energy financing, today welcomed a new analysis by Kroll Bond Rating Agency that identifies several positive developments in the PACE industry and says concerns about foreclosures on properties with PACE assessments “may be overstated.” Kroll, which has rated the senior tranches of all 22 public…
