Moises Martinez, with help from his grandson, cleaning out his home in San Juan, P.R., in October after Hurricane Maria destroyed it. A federal moratorium on housing foreclosures after the hurricane is due to expire in early 2018.
In the minds of many buyers of distressed properties at foreclosure sales, the existence of ANY title insurance policy relating to the property – even if the buyer is not the insured – is seen as a “cure-all” for anything that might go sideways regarding the property's state of title after the sale. A recent…
Across the nation, the once-pernicious foreclosure crisis nearly has abated, but in Lucas County, foreclosure activity is stronger than it was a year ago. Attom Data Solutions, a California real estate data firm, released figures today showing that in April metro Toledo had a total of 241 housing units – or one for every 1,134…
Housing costs Americans more than at any time in history, and it's only getting worse as foreclosures open the door to market-cornering by inconceivably vast hedge funds who buy all those “distressed properties” and turn then into bond-coupon factories where the rent ratchets higher and higher, well ahead of inflation, wages, or affordability. Necessity is…
A report from CoreLogic, a leading global property information, analytics and data-enabled solutions provider, shows that in Altoona, 5.4 percent of mortgages were delinquent by at least 30 days in March compared with 5.9 percent in March 2016, representing a decrease of 0.6 percentage points. 2.1 percent in March compared with 2.5 percent in March…
Trump's chief economic adviser Gary Cohn has ignited a debate about the economic effect of the mortgage interest deduction on home-buying. Gary Cohn: 'People don't buy homes because of the mortgage deduction' – or do they? Trump's chief economic adviser Gary Cohn has ignited a debate about the economic effect of the mortgage interest deduction…
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