Archive for the 'Foreclosure Crisis' Category

Foreclosure Crisis

Foreclosures Fall in the Third Quarter, But Expect More to Come

Tuesday, April 17th, 2012

The latest foreclosure figures indicate that, as expected, foreclosure rates have fallen in 2012 – but the new wave of foreclosures could be headed our way.

Foreclosure Crisis

The Wealthy Receive Breaks in Foreclosure

Tuesday, April 3rd, 2012

If there is one thing we have learned about the foreclosure market lately it is that foreclosure happens to everyone and does not discriminate based on socioeconomic status, affecting both the rich and the poor.

Foreclosure Crisis

How to Invest in Foreclosures in 2012

Thursday, March 29th, 2012

Have you been considering purchasing a foreclosure property for everything from your primary place of residence to flipping houses? If so, there are some essential things you need to know about purchasing distressed properties to help you get the most out of your investment.

Foreclosure Crisis

Want More Foreclosure Deals? They’re Coming Your Way

Monday, March 19th, 2012

The foreclosure fraud settlement - or National Mortgage Settlement Agreement, for the traditionalists out there - is signed and sealed (if not entirely delivered yet). No one expects it to put an end to foreclosure shenanigans in the banking industry, but most expect it to at least provide some measure of support to homeowners struggling to stop foreclosure as well as some compensation to foreclosure victims.

Foreclosure Crisis

Will 2012 Foreclosure Rates Eclipse 2011s Numbers?

Tuesday, February 21st, 2012

Without a doubt, 2010 was the roughest year for foreclosures in America on record. That year, banks took back roughly 1.05 million home foreclosures, with 2.9 million foreclosure filings occurring. In 2011, those numbers subsided a bit, but only because the foreclosure fraud scandals of 2010 put a virtual halt to the foreclosure process across the country. As a result, only 804,000 homes were repossessed, against nearly 3 million filings.

Foreclosure Crisis

Foreclosure Review Deadline Extended for Foreclosure Victims

Thursday, February 16th, 2012

The Federal Reserve Board, in conjunction with the Office of the Comptroller of the Currency, has formally extended the deadline for foreclosure review by 90 days. The previous deadline was April 30th of this year; the new deadline is now July

Foreclosure Crisis

Who Wins with the Foreclosure Settlement? Two Words: Big Banks

Tuesday, February 14th, 2012

Those in the banking industry and in the federal government – as well as a good chunk of state attorneys general who participated in the negotiations and therefore have a lot invested professionally in the success of the deal – would say that the consumer won. After all, the banks have to pay at least $26 billion, including checks written directly to thousands of Americans and principal reductions for many homeowners who are [...]

Foreclosure Crisis

Banks Agree to Much-Awaited Foreclosure Settlement

Thursday, January 26th, 2012

Today, a consortium of the nation's largest lenders, besieged by criticism of deceptive foreclosure practices like rubberstamping and "robo-signing" foreclosures, announced it had agreed to the terms proposed in a settlement.

Foreclosure Crisis

Why to Avoid Foreclosure Prevention Companies

Friday, January 20th, 2012

There are numerous reasons to avoid foreclosure prevention companies with scams and fees coming in at the top of the

Foreclosure Crisis

New York Reaches Agreement With Goldman Sachs Over Foreclosures

Thursday, September 1st, 2011

The foreclosure settlement that has been raging between banks, states, and the federal government for close to a year now is still slogging through knee-deep mud, but in one state, an agreement has been reached regarding foreclosure

Foreclosure Crisis

Should Foreclosures Be Outlawed? Laws, Jobs, and Other Real Estate Musings

Friday, August 5th, 2011

The real estate market has been up and down so many times many of us feel like we’ve been on a wild, bone-jarring rollercoaster. Homeowners definitely feel that way; some in California have even starting considering the possibility of doing something drastic to rectify problems in the market – like ban

Foreclosure Crisis

Some Good News Today for the Housing Market — New Home Starts Up

Tuesday, July 19th, 2011

Today, a key report released by the U.S. Department of Commerce indicated that housing starts were up across the country – a nice change from a year that has witnessed a continual slide in new and existing home sales due to the weak housing

Foreclosure Crisis

Is a Foreclosure Bubble Growing? Taking a Look at the Facts

Friday, July 15th, 2011

We’ve discussed previously the fact that a lot of potential foreclosures – over one million – were due to be filed in 2011 but weren’t because of delays in foreclosure processes. There is also a lot of talk in the industry about how these foreclosures will impact the market once they are filed and placed on the

Foreclosure Crisis

A Look at How Foreclosures Continue to Impact the Economy

Tuesday, July 12th, 2011

The foreclosure crisis continues, and the foreclosure market is still as strong as ever – with plenty of buying opportunities out there for the picking for investors and homebuyers who want to take advantage of this once-in-a-lifetime

Foreclosure Crisis

Prices Rise — Believe It or Not — In Some Parts of the Country

Tuesday, June 28th, 2011

Homebuyers and investors all across the country have taken full advantage of the steep drop in housing prices since 2006 in today’s real estate market. They’ve gotten used to falling prices, low home values, and bargain discounts everywhere they turn, so imagine their surprise to find that prices in a major metropolitan area are actually