One in every 1,058 U.S. homes received a foreclosure filing in January, according to the latest foreclosure data from RealtyTrac.
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Tag Archives: foreclosures
Foreclosures could rise if Congress doesn’t help
Foreclosures have been dropping dramatically over the past year, but without help from Congress they could begin to rise again. In 2007, Congress passed a tax exemption for mortgage debt forgiveness. That exemption expired at the end of 2013 and has not been extended, as some predicted it would be.
Read more: http://www.cnbc.com/id/101403655
Top 12 states with healthiest foreclosure markets
Millions of homeowners are still dealing with the side effects of the housing bubble and credit meltdown of yesteryear, but the home foreclosure market is slowly showing signs of progress
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Cities selling the most distressed homes
Last December, 16.2% of all home sales involved distressed properties, according to a recent report. These homes were sold at an average discount of nearly 40% when compared to conventional, non-distressed homes.
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Foreclosure activity drops to 6-year low
Foreclosure activity fell last year to its lowest level in six years across the U.S. but increased in some states where foreclosures tend to take longer.
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Investors brave frigid air for 2014’s first foreclosures
The mercury was fighting to hit 7 degrees as investors began pitching their tents near the Gwinnett County Courthouse just outside Atlanta. It’s “Super Tuesday,” and that means nearly 3,000 foreclosed properties will be set for auction across the greater Atlanta area, no matter what the temperature outside.
Read more: http://www.cnbc.com/id/101316694
14 US Cities With Big Foreclosure Problems
One in every 1,155 U.S. homes received a foreclosure filing in November, according to the latest foreclosure data from RealtyTrac.
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Report: Foreclosure crisis is winding down
The foreclosure crisis is nearing an end and won’t derail the housing rebound underway in many parts of the country, real estate research firms say.
Read more: http://tinyurl.com/lbhsam7
New way to stop foreclosures still only a threat
Richmond, Calif., made headlines this year when city officials began considering a plan to use eminent domain to take over underwater mortgages. The proposal would force banks to sell the mortgages at a loss, though at current market values. Then a firm hired by Richmond would fund and finance new mortgages at reduced rates for the current homeowners.
Read more: http://www.cnbc.com/id/101229162
Federal money slow to get to homeowners
A $7.6 billion federal program to help homeowners avoid foreclosure in 18 states and the District of Columbia has gotten just 22% of its funds to homeowners more than three years after its launch, a government report out Tuesday says.
Read more: http://tinyurl.com/mat94ag