What happened to all of those foreclosures?
I get a surprising number of inquiries from people who want to buy bank owned property. During the height of the housing market crash foreclosures were plentiful.
I get a surprising number of inquiries from people who want to buy bank owned property. During the height of the housing market crash foreclosures were plentiful.
Many of today's borrowers, even those anticipating a smooth refinance, are having difficulty qualifying for a loan on their principal residence. Homeowners became so used to the quick turnarounds during the easy money days that they are startled, and often upset, when they can't receive the exact loan they want. Foreclosure News
The one-story home on West Cleveland Avenue should have been empty. It was in foreclosure for nearly two years after the mortgage-holder died, and a court ordered its sale last October to pay its creditor. Foreclosure News
On June 15, 2018, the U.S. Court of Appeals for the Sixth Circuit affirmed a decision of the U.S. District Court for the Eastern District of Michigan, holding that rents collected by a receiver during the redemption period following a non-judicial foreclosure are property of the lender, even if the borrower ultimately redeems the property.1…
While much of the U.S. housing market has been repaired since the end of the Great Recession, “in many neighborhoods,” according to advocates, “the foreclosure crisis isn't over yet.” As the effects of the housing crisis further recede, markers of distress are declining, with one notable exception: Among the batches of severely delinquent mortgages bought…
As anniversaries go, it's not much of one to celebrate, but this year the foreclosure crisis marks its tenth year. Since Mid-2007, more than 7.8 million homes have been foreclosed according to a new retrospective, published by CoreLogic, on the ten-year rise and fall of the cycle. Foreclosure News
The future of the former Pulaski Country Club is still in limbo today after the club and all its property sold at a trustee foreclosure auction Wednesday to David Sale of Radford. Sale, who owns Radford Auto Auction, was the winning bidder at $ 900,000, outlasting as many as four bidders. Foreclosure News