ABA president urges Senate to support nursing homes in next COVID-19 stimulus bill
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Wells Fargo computer glitch blamed as hundreds lose their homes
Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. Foreclosure News
Rebuilding high-risk homes from California wildfires could cost $18B
The 48,390 homes dubbed at extreme or high risk from the California wildfires burning through the state could cost $ 18 billion in reconstruction, according to a CoreLogic analysis. The Camp Fire, which has Northern California up in flames, is putting an estimated 31,394 homes, with a total reconstruction cost value of about $ 7.3 […]
Wells Fargo finds another 145 customers who lost homes after glitch
Wells Fargo said in a filing on Tuesday that an expanded review found additional “errors” that inflated estimates of attorneys' fees for homeowners in the foreclosure process. Legal fees are taken into account when banks determine if customers qualify for mortgage modifications or repayment plans. Foreclosure News
Toledo area has 10th-highest rate of vacant homes
The Toledo area has the 10th-highest rate of home vacancies in the nation, according to a report by a real estate data firm. Of 194,274 single family homes and condos in metro Toledo, 5,709 were vacant, for a vacancy rate of 2.9 percent at the end of the third quarter, according to statistics compiled by […]
Wells Fargo says its error cost hundreds more people their homes than first thought
In a new disclosure, San Francisco-based Wells said an expanded review found that approximately 870 customers were incorrectly denied or not offered loan modifications or repayment plans that would have made their mortgages more affordable. As a result, about 545 of those customers lost their homes to foreclosure, Wells said in a securities filing. Foreclosure […]
Nearly 1.5 Million Vacant U.S. Homes In Q3 2018 Represent 1.52…
Nearly 1.5 Million Vacant U.S. Homes In Q3 2018 Represent 1.52 Percent Of All Single Family Homes And Condos /PRNewswire/ — ATTOM Data Solutions , curator of the nation's premier property database, today released its 2018 Vacant Property and Zombie Foreclosure Report, which shows that nearly 1.5 million U.S. single family homes and condos were […]
Public company sells 58 homes in Broward to private equity firm
SRP SUB LLC, an affiliate of Dallas-based Invitation Homes , sold the properties to Cerberus SFR Holding II, an affiliate of New York-based private equity firm Cerberus Capital Management. The price equated to $ 215,172 per home. Foreclosure News
Investors purchased majority of affordable homes in 2017
Nearly two-thirds of affordable homes were purchased by investors in 2017, according to a report released this week. That's nearly double the share since the foreclosure crisis and a sign that homeownership is increasingly unattainable for most New Yorkers, the study's authors contend. Foreclosure News
5 places in CNY where homes sell for dirt cheap
A new ranking from NYup.com uses median closing home sale prices to rank the 60 zip codes where homes sold for the cheapest in 2017 in Upstate NY. In some areas, auctions, foreclosures and other factors drive median home sale prices down below $ 50,000, according to data from PropertyShark.com . Foreclosure News