Renters Now Rule Half of U.S. Cities
Detroit was once known as a city where a working-class family could afford to own a home. Now it's a city of renters.
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Foreclosures in Alberta up about 25% annually for past 2 years
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More and more Albertans have or are in danger of losing their homes to the bank, according to numbers from the province. Foreclosures are on the rise, up by about 25 per cent annually over the past two years. Foreclosure News
The Reno/Sparks Association of REALTORS Honors Paul Crooks With Spotlight of Excellence Award
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The Reno/Sparks Association of REALTORS has named REALTOR and RSAR member, Paul Crooks, recipient of the Spotlight of Excellence Award. Foreclosure News
FHA revises loss mitigation options for hurricane victims
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The Federal Housing Administration is revising its foreclosure prevention options to assist struggling borrowers in Puerto Rico and the U.S. Virgin Islands impacted by last year's hurricanes. The new policy lets servicers evaluate borrowers for the Disaster Standalone Partial Claim before the disaster loan modification using their pre-disaster monthly principal and interest payment. Foreclosure News
Home foreclosure cases raise questions about SolarCity policies
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Workers from Solar City install photovoltaic panels on the roof of a house on Dec. 9, 2013, in San Leandro, Calif. The company, owned by Tesla, relies on monthly payments from solar panel customers. Foreclosure News
Attorneys grilled on sewer fee collections
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City Attorneys Russell Liskov, left, and Christopher Meyer deliver a presentation on how the Water Pollution Control Authority collects unpaid sewer bills to the Bridgeport City Council at City Hall in Bridgeport, Conn. on Monday, January 29, 2018. Foreclosure News
Black Unemployment Rate Ticks Up While Homeownership Declines
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The national unemployment rate for African Americans inched up in June to 6.5%, after hitting an all-time low of 5.9% in May. While this is the second lowest number on record since the Bureau of Labor Statistics started tracking this nearly 50 years ago, homeownership in the black community continues to decline, even though more…