Reverse Mortgage Lenders May Be The Big Bad Wolf After Grandma
In early August 2016, 73-year-old Mary Taylor opened her mail and found some shocking news: The southwest Houston home she'd lived in for more than 30 years was in foreclosure.
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PTSB says bad loans at bank are ‘unsustainably high’
ByadminPermanent TSB has said the number of non-performing loans on its books remains “unsustainably high” and it now intended to use a number of strategies – including portfolio sales, foreclosures and higher repayment requirements – to reduce that over the medium term. It comes as the lender today reported a profit before tax of 43m…
Sean Hannity linked to property empire aided by foreclosures, HUD: report
ByadminFox News host Sean Hannity has been linked to a group of more than 20 shell companies that has spent at least $ 90 million buying almost 900 homes across seven states over the past decade, according to a report Sunday by The Guardian . Many of the properties were bought at discounts in 2013…
Johnstown properties to be put up for bid
ByadminThe city acquired the properties through its tax sale foreclosures, and now wishes to sell them. The city is soliciting sealed written bids until 10 a.m. June 5 at City Hall for the purchase of these properties: 4 Elmwood Ave.; 106 Pearl St.; 321 W. State St.; 159 E. State St.; 120 E. Clinton St.;…
Harney: Credit policy may vex lenders
ByadminIt could be a boon for some homebuyers – their credit scores will get a surprise boost – but worrisome for mortgage lenders, landlords and others who depend on credit reports to evaluate their potential customers. In a little-known policy shift, the three national credit bureaus – Equifax, Experian and TransUnion – plan to stop…
Sky-high apartments to open in April
ByadminBridget McConnell, property manager, takes the media through an apartment at Essex Skyline at MacArthur in Santa Ana. The kitchen in the high-rise unit features Viking appliances, imported Italian wood and other premium touches. Foreclosure News