The mortgage delinquency rate dipped to a 12-year low, but overvalued housing markets and eventual reversal in the unemployment rate present risk for future delinquencies, according to CoreLogic. About 4% of mortgages reached or maintained a state of delinquency or foreclosure in August, a drop off from 4.6% year-over-year and a month-over-month edge down from […]

Real-estate briefs: Distressed sales continue to decline in central Ohio

August 13, 2018 admin

Foreclosures, short sales and other troubled properties continue to dwindle in central Ohio, according to a report from the Columbus Realtors trade group. The report shows that during the second quarter of this year, 324 central Ohio home sales were “lender mediated” properties, down from 507 a year earlier. Foreclosure News

Monitor: Eye-Catching Decline in Defaults, Deceleration in Home Prices Sighted

May 7, 2018 admin

The month of March nearly always sees a significant decline in the national delinquency rate. The average March decrease during this century has been just under 11.0 percent. Foreclosure News