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
Baltimore had the highest share of distressed home sales of any city in the country, according to a report out this week. 20.7 percent of homes sold in Baltimore, Towson and Columbia during the second quarter of 2018 were distressed, a greater portion than in any of 51 other metropolitan areas surveyed. Foreclosure News
Distressed home sales, including foreclosures and short sales, hit an 11-year low nationwide in the second quarter, but two Maryland cities are among those left behind. In Baltimore, 20.7 percent of home sales in the second quarter were distressed sales, the highest percentage in the nation among cities with a metropolitan area population of 1 […]
Annual fees that range from $ 200 to $ 5,000 per pre-foreclosed or abandoned property will now have to be paid twice a year. The Town of Babylon is putting more financial pressure on banks that own properties in pre-foreclosure by changing its mortgage-in-default registry fees from annual to biannual payments. Foreclosure News
Five San Fernando Valley residents have been charged in an alleged $ 17 million real estate scam that tricked distressed homeowners – many of them elderly – into signing fraudulent deeds on their properties, authorities said Friday. Michael Henschel, 68, of Van Nuys; Camerino Islas, 40, of North Hollywood; Claudia Islas, 42, of Reseda and […]
Carrie Roman , a Bilingual Housing Counselor, helps Jose Portillo, of Brentwood, finalize his loan modification paperwork at the Long Island Housing Partnership, Inc., in Hauppauge on Feb. 5, 2018. Photo Credit: Jessica Rotkiewicz New York State has taken over 92 distressed mortgages on Long Island to help homeowners avoid foreclosure and prevent homes from […]
February 7, 2018 – Governor Andrew M. Cuomo today announced the state's Community Restoration Fund has purchased 172 mortgages in a strategic effort to bring owners in targeted communities out of foreclosure and keep the homes from abandonment. The Community Restoration Fund has helped strengthen the financial position of homeowners, bringing stability back to the […]
While foreclosures decreased nationally at the end of last year to a 12-year pre-recession low , there are areas of the country which are showing sustaining, repeating, or increasing foreclosure activity. This may be due to differences in the way specific regions are recovering from the Great Recession, or because of more recent impacts to […]
In the third quarter of 2017, the share of distressed properties in the overall residential property sales fell to 12.5%. This is its lowest level since the third quarter of 2007, according to ATTOM Data Solutions. Foreclosure News
Distressed home sales shot up 25% in the Baton Rouge metro area during the third quarter, according to a new report released today by ATTOM Data Solutions, which curates the nation's largest multisource property database. Nationally, the sale of distressed homes-foreclosures and short sales-dropped to a 10-year low of 12.5%. Foreclosure News