Jaryd Takushi, a broker associate with Kentwood City Properties, bought a home out of foreclosure for $ 90,000 in north Aurora in 2009 during the housing market crash. After major upgrades, he estimates that he could sell it for $ 340,000 today.
The foreclosure inventory, that is the percentage of loans in the process of foreclosure, appears to have stabilized at 0.6 percent of all outstanding first mortgage loans. CoreLogic said on Tuesday that that the inventory has been unchanged at that level , the lowest since June 2007, since last August . Foreclosure News
Thirty-year and 15-year fixed mortgage rates fell two basis points each and the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Friday morning. Which mortgages are less likely to end up in default: fixed-rate or adjustable-rate loans? Believe it or not, today's ARMs are less risky,…
The city acquired this Cuyler Brownville house at 620 W. 42nd St. in 2005 and is considering demolishing it and offering the property for sale to an adjoining property owner for additional yard space due to the small lot size. The house was purchased as part of a neighborhood redevelopment plan that city officials said…
Assessor Mark Peterson reported Tuesday to the county board sales of existing houses in the county are up about 6 percent this year over 2016. Through September, there were 803 arms-length property sales this year, compared with 756 last year. Foreclosure News
ABA Journal Daily News
Federal Home Loan Bank of Atlanta announced today that it has appointed three new members to its Affordable Housing Advisory Council. Fred Dodson, Jr. is chief operating officer and executive vice president of Charlotte-Mecklenburg Housing Partnership, Inc., where he manages the organization's corporate operations and has managed its multifamily real estate development financing activities. Foreclosure…
