Foreclosure
A Deeper Look at the Foreclosure Settlement
Common Lender
Lenders Have Fewer Options With Foreclosures, Allowing More Ex-Homeowners to Stay
The real estate market?s collapse in 2007 and subsequent foreclosure crisis over the last few years has taken its toll on millions of homeowners and former homeowners. Increasingly, though, another unusual class of individuals is feeling the weight of the crisis:
Rift Between Bank of America and Fannie Mae Grows
Late last week, Bank of America – one of the largest originators of home loans in the country – revealed that it would cease selling new home mortgage loans to Fannie Mae in the wake of a controversy over previously-written loans that were deemed deficient after most resulted in
Embattled Marine Resists Home Foreclosure
One former Marine in Riverside, California appears to be one of those cases that is bringing national attention to the foreclosure process in this
Recent California Foreclosure Report Gets a Second Look
Specifically, the report took a look at roughly 400 foreclosures in San Francisco County from January 2009 to November 2011 and examined them for errors, irregularities, and other signs of fraud or flaws in the process. Approximately 84% of home foreclosures reviewed contained what the report called ?clear violations of law?, and nearly 66% contained at least four violations or questionable
Federal Approach to Foreclosure-Into-Rental Plan Has Copycat in New Jersey
Sometimes good ideas are copied by others – which is not necessarily a bad idea. In this case, the federal government’s plan to convert thousands of government foreclosures into rental properties through a partnership with private equity investors is being copied (in a manner of speaking) by New
Dont Expect the Foreclosure Settlement to Fix the Foreclosure Process
The apparent lack of meaningful enforcement mechanisms in the deal is one glaring omission that many are beginning to notice now that the public has had a week to digest the terms of the settlement. One of the main reasons why the settlement occurred in the first place was because the states threatened to launch a tidal wave of probes, investigations, and – ultimately – indictments against five major lenders due to widespread [...]
Foreclosure Investors Prepare to turn Foreclosure Properties into Rentals
The rental market has become red-hot over the past year because so many people are moving around the country looking for work – and do not want (or can’t afford) to buy a house. Hence, demand for rental properties has gone up while existing home sales have continued to
Federal Foreclosure-into-Rental Program Picks Up Steam
The proposal – which would sell foreclosure homes, often in bulk, to private investors from government inventory – is set to go live in the “near term”, according to the Federal Housing Finance Agency. According to reports, the two government-sponsored enterprises will allow pre-qualification for investors and third parties who want to bid on foreclosure properties owned by the government. This effectively opens the doors [...]
Want Terrific Deals on Foreclosure Properties? Check Out These States
The foreclosure market in the U.S. is absolutely saturated with great deals and steals – namely in the form of hundreds of thousands of home foreclosures priced well below fair market value.
