This Week in History for the week of May 20-26, 2018
A look back at 10, 25 and 50 years ago in Loveland-area news, from the archives of the Loveland Reporter-Herald.
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North End nonprofit saves low-income family homes from foreclosure
ByadminEarlier this year, Forbes ranked Detroit's real estate market as the most undervalued in the nation. The report cited the city's low housing prices and the prospect of increased development as reasons for Detroit's recent real estate boom. Foreclosure News
Puerto Rico awaits foreclosure wave as moratoriums expire
ByadminHundreds of thousands of Puerto Ricans face losing their homes upon the expiration of a three-month moratorium on mortgage payments that banks offered after Hurricane Maria devastated the island. less his Friday, Jan. 19, 2018 photo, shows one of multiple properties located in the Esperanza sector that are currently for sale, in Vieques, Puerto Rico….
Cobb County foreclosure rate continues to fall
ByadminCobb saw 122 properties advertised for foreclosure for its July auction, continuing 2017's downward trend in foreclosures over last year. Foreclosure News
Howard Worthing and Lisa Worthing v. Deutsche Bank National Trust…
ByadminHOWARD WORTHING AND LISA WORTHING, Appellants, v. DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR AGENT SECURITIES INC., ASSET-BACKED PASS THROUGH CERTIFICATES, SERIES 2003-W5, AND HOMEWARD RESIDENTIAL, INC. Foreclosure News
Prepayment Rate and Refinanceable Population Have Both Soared
ByadminPrepayments, apparently spurred by the recent retreat in interest rates, soared in May. Black Knight Financial Services, in its “first look” at the month's mortgage performance data, said there was a 23 percent increase in prepayments, historically a good indicator of refinancing activity , from April to May, bringing the incidence to the highest so…
Strongsville Corporate Center, now vacant, sells to New York buyer as settlement averts foreclosure
ByadminThe new owner of Strongsville Corporate Center is hoping that a financial reset and potential for nearby development will turn vacancy into an opportunity. An affiliate of Somera Road, Inc. , a New York-based buyer with an appetite for troubled real estate, bought the 125,000-square-foot office building on June 8, according to property records. Foreclosure…