Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home's flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the extra cash to expand his restaurant business. Foreclosure News
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Jill Schramm/MDN A proposed housing development just outside Berthold that broke ground in 2014 currently is among properties in foreclosure in Ward County. That's not quite doubled from last year, but it reflects an increasing number of incidents in which property owners are letting taxes fall into arrears. Foreclosure News
Almost a decade after home foreclosures skyrocketed during the financial crisis, they are starting to rise again in some of the country's hottest real estate markets. And loosening lending standards may be among the reasons, according to one expert. Foreclosure News
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Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels, according to the National Association of Realtors. Total existing-home sales , https://www.nar.realtor/existing-home-sales , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.1 percent to a seasonally […]
March's increase in foreclosure starts was a direct result of the end of the moratorium for borrowers affected by Hurricanes Harvey and Irma, Black Knight said. There were 52,100 foreclosure starts in March, up 11.56% over February's 46,700. Foreclosure News
A team of contractors works on the renovation of a home in Phoenix. A decade after the U.S. housing crisis, some old habits are back, including house flipping. Foreclosure News
Home prices in the Tampa Bay area shot up again in February as Pasco led the way with its biggest increase in a year. “We've got to see more who are interested in participating in the market coming online because we have buyers but not enough sellers,” Charles Richardson, regional vice president of Coldwell Banker, […]
Default rates for securitized U.S. commercial real estate loans last month increased for the first time in nearly a year, according to Trepp. The overall March delinquency rate of 4.55% for CRE loans backing commercial mortgage-backed securities was 4 basis points higher than the February mark. Foreclosure News