Data from the Pima County Recorder's office shows there were 372 foreclosures in the first three months of this year, the lowest since 2007 when 251 homes were sold in foreclosure in that same timeframe. That number rose to 824 in the first quarter of 2008 and climbed steadily to the peak of 2,052 foreclosures in the first three months of 2011.
Imagine a banking system where the public would lend money to the Treasury at X% interest, and the Treasury would then lend the same funds to commercial banks at the same X% interest rate. All bank deposits were held by the Treasury. Foreclosure News
Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news. The Mortgage Bankers Association says the first quarter of 2018 saw even more progress in reducing delinquencies, improvement noted across all categories of distress. Foreclosure News
The Kings Lake community in Gibsonton was the epicenter of the area's housing crisis with one in every five homes in the southern Hillsborough County community going through foreclosure during the recession. [LUIS SANTANA After the housing market collapsed more than a decade ago, new investors poured in to buy foreclosed homes and rent them…
Businessman Jeffrey Yohai, left, and actor Jacob Hoffman, center, at nightspot Baby's All Right in Brooklyn, N.Y., on Jan. 20, 2015. Hoffman and his father, “The Graduate” star Dustin Hoffman, invested in a real estate project with Yohai. Foreclosure News
The Nassau County Bar Association is holding a free session on June 26 from 3 p.m. to 6 p.m. when Nassau residents can ask a volunteer attorney legal questions. Attorneys will assist with issues surrounding bankruptcy, divorce and family, labor and employment, mortgage foreclosure, senior citizen matters, Hurricane Sandy and immigration. Foreclosure News
A California-based developer of a 12-story historic art deco building in downtown Sioux City has filed for bankruptcy protection, indefinitely delaying an effort by an eastern Iowa bank to foreclose on it. Mako One Corp., of Carlsbad, California, has notified the court that it's filing a Chapter 11 petition in U.S. Bankruptcy Court in the…
