Should we be worried that foreclosure sales are near recession levels?
Economic indicators suggest the opposite should be happening. The city's unemployment rate has been trending down since 2008 and is now just under 4%.
Economic indicators suggest the opposite should be happening. The city's unemployment rate has been trending down since 2008 and is now just under 4%.
Default rates for securitized U.S. commercial real estate loans last month increased for the first time in nearly a year, according to Trepp. The overall March delinquency rate of 4.55% for CRE loans backing commercial mortgage-backed securities was 4 basis points higher than the February mark. Foreclosure News
The same day the Hermitage Club announced that a long-time official at the company would take the helm, the town received a bank's foreclosure complaint on a number of properties. “This was fully expected and it is the next logical step in a process that will assist to bring all parties to the table to…
MORTGAGEE: Mortgage Electronic Registration Systems, Inc., a Delaware corporation, as nominee for Mortgage Lenders of America, LLC, a Kansas limited liability company ASSIGNMENTS OF MORTGAGE: Assigned to: Wells Fargo Bank, N.A. by assignment recorded on March 10, 2017 as Document Number 2017R-432289 in the Office of the County Recorder of Martin County, Minnesota. DATE AND…
A computer error is being blamed for putting Baltimore's baseball and NFL stadium into a tax sale queue, the city says. The unusual circumstances could have exposed Camden Yards and M&T Bank Stadium to possible foreclosure from winners of a tax sale of less than $ 70,000 in debt. Foreclosure News
The rain is still pouring down in Oahu, but Fannie Mae and Freddie Mac are ahead of the game. Both GSEs have already announced that their disaster relief programs are in effect for those impacted by Hurricane Lane. Foreclosure News
Scaffolding has been constructed on the Historic Calumet Inn in preparation for tuckpointing. Fundraising efforts to pay for the required work have increased with a new online store. Foreclosure News