It is a strange current reality in which we all find ourselves existing. Every eleven, or so, years, the nauseating housing market bubble bursts, and we all, property owners or tenants, have no choice but to face life in a climate of austerity, high rents, low incomes, depressing governmental forecasts and bank foreclosures.
When the longtime Marine became convinced his former lender had illegally foreclosed on his Vancouver home, he didn't hesitate. He looked up Sean Riddell, his former commanding officer now practicing law in Portland, and asked if he was ready to take on one of the biggest mortgage lenders in the country. Foreclosure News
One Bank & Trust continues to look for a buyer or investors to resolve its deteriorating capital. Foreclosure News
The depth of the recession forced dealer Bill Wallace and his team to come to grips with every aspect of how they managed the stores. When he thinks back on the dark days of the Great Recession, the first thing Bill Wallace remembers is the dizzying speed at which the bottom dropped out of the…
Oregon's legislature continues to add state level regulations to the Home Equity Conversion Mortgage marketplace. In 2015, the state imposed a series of content and presentation requirements on any “advertisement, solicitation, or communication” HECM lenders used to induce potential borrowers to apply for a HECM loan. Foreclosure News
Defying the critics, the single-family rental sector has rapidly matured into a mainstream REIT sector. Through consolidation, these REITs have achieved cost efficiencies nearly on par with apartment REITs. Foreclosure News
Texas' restrictions on home equity loans, which date back to the 1800s, are credited with sparing it from the worst of the housing crisis. Texans on Tuesday opted to loosen some of the tightest home lending restrictions in the country. Foreclosure News
