U.S. Foreclosure Filings Rise 16% as Bank Seizures Set Record April 15, 2010, Business Week Foreclosure filings in the U.S. rose 16 percent in the first quarter from a year earlier and bank seizures hit a record as lenders stepped up action against delinquent homeowners, according to RealtyTrac Inc....
U.S. Foreclosure Activity Spreads Beyond Hard-hit Metro Areas January 28, 2010, NewJersey.com Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona. Las Vegas had the largest number of foreclosure...
House Flipping Makes a Comeback December 9, 2009, Wall Street Journal Four years after the collapse of the U.S. housing bubble, flipping homes is back in fashion. Jon Mirmelli, a Phoenix real-estate investor, learned late in the morning of Sept. 28 that a never-occupied custom house on the northern fringes...
Mich. Lawmakers Agree on 90-day Foreclosure Bill The Associated Press Michigan lawmakers struck a deal Wednesday to give homeowners facing foreclosure a 90-day window to stay in their house and potentially work out something with their lender. The legislation lets homeowners delay foreclosure proceedings...
Detroit Councilman Walks Away From His Mortgage Miami Herald It was their dream home, a two-story, four-bedroom colonial in one of Detroit's nicest and most stable neighborhoods. But then, one day in December, City Councilman Kwame Kenyatta and his wife packed up their belongings, locked the doors...
What if you are a renter who is faithfully paying your rent on time, but your landlord isn’t paying the mortgage? Sadly, since most state and local laws often don’t provide basic protections for renters during the foreclosure process, many tenants are caught in the legal crossfire and stung...
Look at Case-Shiller Numbers, by Metro Area Wall Street Journal January 27, 2009 The S&P/Case-Shiller home-price index, a closely watched gauge of U.S. home prices, showed accelerating price declines. Obstacles Delay REO Sales Inman News January 27, 2009 This is the second installment in a two-part...