The housing crisis that caused more than nine million people to suffer foreclosure and even homelessness due to the economic slump across the U. S. 10 years ago, has now fully recovered for everyone – except people of color – especially African-Americans.
Foreclosures are continuing their exodus from the housing market, with foreclosure inventory falling 30 percent and foreclosure completions falling 40 percent in 2016, according to CoreLogic's December 2016 National Foreclosure Report. Foreclosure completions totaled 21,000 in December, down from 36,000 one year prior and 82 percent from its recession peak. Foreclosure News
The Dickinsons' new plantation-style home on Mystic Circle, right, built as part of ABC's “Extreme Makeover: Home Edition,” towers over the one-story ranch homes that make up the neighborhood. The Dickinsons' new plantation-style home on Mystic Circle, right, built as part of ABC's “Extreme Makeover: Home Edition,” towers over the one-story ranch homes that make…
In the months before a Whiteland man, according to investigators, set fire to his home and business and then shot himself, he and his longtime girlfriend had separated and his property went into foreclosure. John K. Fulling, 70, had recently taken over and renamed the graphics business he had run for more than 27 years…
The parent company of highly criticized Pasadena-based OneWest Bank will spend a recent $ 2.5 million equity investment on low-income and distressed communities, CIT Bank, N.A. announced. CIT's investment in the Clearinghouse Community Development Financial Institution marks the largest such investment in Clearinghouse's 20-year history. Foreclosure News
Earlier this week, the ACLU of Michigan and the City of Detroit reached a settlement after a two-year lawsuit over how the city administers property tax breaks for the poor, often leading to foreclosures. In the agreement, these homeowners will be able to stay in their homes and avoid foreclosure for $ 1,000. Foreclosure News
The Vermont House in Wilmington is one of the many properties owned or managed by the Hermitage Club that have been named in legal actions seeking financial settlements. Foreclosure News
