Tag Archives: foreclosures

Foreclose On Everything Says Detroit

Detroit is aiming to further eliminate neighborhood blight and recover lost revenue from home owners who are delinquent on their mortgages. Wayne County is taking on an unprecedented effort to take possession of every property that is three or more … Continue reading

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Foreclosures Back To Pre-Housing-Bubble Levels

A new sign that foreclosures may largely be in the rearview mirror, new filings in the third quarter of this year were down 16 percent from a year ago — bringing overall foreclosure activity down to its level before the … Continue reading

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Banks Accused Of False Reporting Foreclosures & Bankruptcies

A federal judge has refused to throw out a lawsuit by borrowers who claim that their banks wrongfully notified credit reporting agencies that thousands of home owners had gone through bankruptcies or foreclosures. The judge said that Wells Fargo and … Continue reading

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Florida Is Still #1 In Foreclosures

Florida Is Still #1 In Foreclosures, despite a 19 percent drop from year-ago levels, RealtyTrac reports in its U.S. Foreclosure Market Report for March.                Foreclosure activity has fallen to its lowest level since 2007 nationwide, but RealtyTrac reports that the … Continue reading

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Shadow Inventories Have Declined

Shadow inventories, for the past three years, have declined year-over-year and posted double-digit declines for the past 16 consecutive months as the housing market continues to heal, Anand Nallathambi, president and CEO of CoreLogic, says in the company’s Inventory Report. … Continue reading

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Foreclosures and Short Sales Continue To Tumble

Foreclosures and short sales are making up less of a share of the for-sale market. According to the National Association of REALTORS®’ February report, distressed home sales accounted for 16 percent of the month’s sales, down from 25 percent in … Continue reading

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Florida Still #1 In Foreclosures

Florida Still #1 In Foreclosures. As the foreclosure crisis continues to recede, some parts of the country remain at elevated levels. Five states now account for nearly half of all the completed foreclosures in the nation —Florida, Michigan, California, Texas, … Continue reading

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Florida Foreclosure Rates Still Nations Highest

While foreclosures have fallen by 26 percent nationwide in the past year, Florida foreclosures continue to be a hotbed, according to recent data from RealtyTrac. Among the top 10 cities with the highest foreclosure rates in the country, eight are … Continue reading

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