Detroit has more renters than homeowners for the first time in 50 years, and according to a recent report, this could be a bad thing. The Detroit Future City report from earlier this month notes that the high number of foreclosures and overall population loss contributed to this.
It 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…
The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the first quarter of 2018, 920 homes were slated for foreclosure for the first time – a 31 percent year-over-year increase, according to a new report by PropertyShark. Foreclosure News
In most states, when a consumer wants to buy a condo unit – whether a new one from the developer or a resale – the buyer is entitled to receive a wealth of information, including legal documents and financial information. Pay close attention to all documents. Foreclosure News
Lenders to Puerto Rican homeowners have kicked foreclosures into high gear in the aftermath of Hurricane Maria , skirting local and federal borrower protections. According to attorneys and experts, lenders have ignored federal moratoria on foreclosures; placed notices of default in newspapers where they're unlikely to be seen; sent files to homeowners in English rather…
Average house prices in Arlington County have recovered to or exceeded what they were before the 2008 financial crisis, except in eight neighborhoods, according to new findings. Randy Smith , a senior fellow at the D.C. Policy Center and a GIS specialist at Hood College in Frederick, Md., found that on average, houses in the…
Altisource Portfolio Solutions and Tencent are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, valuation, risk, earnings, profitability, institutional ownership and analyst recommendations. Altisource Portfolio Solutions presently has a consensus target price of $ 20.50, suggesting a potential downside of 35.68%….
