Foreclosure Declines Continue

Mortgages

Foreclosure Declines Continue

Foreclosure Declines Continue

There was a time when having more than 1 million U.S. homes in foreclosure was the norm. It wasn’t that long ago, actually — the foreclosure inventory only dropped below the million mark in June 2013 — but as of January 2014, just 794,000 homes were in some state of foreclosure. That’s a 33% decline… Read More

Short Sales Are Down as Home Prices Rise

Mortgages

Short Sales Are Down as Home Prices Rise

Short Sales Are Down as Home Prices Rise

Home sales and prices continue to rise on an annual basis, and as those numbers have climbed, the number of short sales going through the market has dropped. Short sales, which are home sales in which the sale price is less than the total of the outstanding mortgages secured by the property, made up 5.3%… Read More

Foreclosures, Repossessions Continue to Drop

Mortgages

Foreclosures, Repossessions Continue to Drop

Foreclosures, Repossessions Continue to Drop

Banks repossessed 29% fewer homes last month than in October 2012, the 11th consecutive month of annual declines, according to RealtyTrac’s monthly U.S. Foreclosure Market Report. The 37,775 properties with bank repossessions on file was a 1% decline from September. Foreclosures also sharply declined from 2012. Last month, one in every 978 U.S. housing units… Read More

Foreclosures Continue to Drop

Mortgages

Foreclosures Continue to Drop

Foreclosures Continue to Drop

The housing market has been improving by leaps and bounds for more than a year, and this growth has resulted in a steady decline in the number of foreclosures nationwide. There were about 52,000 foreclosure actions completed nationwide in May, down approximately 27 percent from the 71,000 observed at the same time in 2012, according… Read More

New Legislation Key to Drop in Foreclosure Starts

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New Legislation Key to Drop in Foreclosure Starts

New Legislation Key to Drop in Foreclosure Starts

The new year saw a substantial improvement to the country’s housing market, as the number of foreclosure starts nationwide dipped markedly from a month and year earlier. More than 150,000 filings were recorded during January, according to RealtyTrac’s Foreclosure Market Report, which was 7 percent less than the figure seen in December and nearly 30 percent below the number… Read More

Slow Foreclosure Process Still Causing Trouble in Florida

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Slow Foreclosure Process Still Causing Trouble in Florida

Slow Foreclosure Process Still Causing Trouble in Florida

The national housing market has been improving significantly for some time and new data suggests that the number of homes in the foreclosure process is declining as well, but in the state of Florida, that process has been a major hindrance to the industry. While many other parts of the country hit hard by the national housing downturn have made… Read More

Will These States Lead the Housing Recovery?

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Will These States Lead the Housing Recovery?

Will These States Lead the Housing Recovery?

We’ve been inundated with news stories about the housing market recovery, along with a few counter-arguments by skeptics who think we still have a long way to go. These analyses tend to focus on prices, sales or new homes built. While those figures are important, they often leave out an important factor: credit. To buy… Read More

Housing Scorecard Shows Market Keeps Getting Better

Credit Score

Housing Scorecard Shows Market Keeps Getting Better

Housing Scorecard Shows Market Keeps Getting Better

Many experts have noted that there have been massive improvements in the nationwide housing market in the last year, and the latest data from the federal government continues to bear that out. Nationwide, home prices rose considerably in the 12-month period ending December 31, as data from both the Federal Housing Finance Agency and Case-Shiller… Read More

Fannie, Freddie Halt Foreclosures for the Holidays

Mortgages

Fannie, Freddie Halt Foreclosures for the Holidays

Fannie, Freddie Halt Foreclosures for the Holidays

The holiday season is stressful enough for millions of consumers across the country who are struggling with their finances, so two of the nation’s government-sponsored mortgage backers have made the decision not to take any negative actions that might dampen their moods further. Both Fannie Mae and Freddie Mac will forgo evictions of consumers who have… Read More

Foreclosure Inventories Continue to Decline

Mortgages

Foreclosure Inventories Continue to Decline

Foreclosure Inventories Continue to Decline

Though analysts have maintained foreclosure activity will pick up in the coming months, the number of completed foreclosures nationwide dropped annually and monthly in October – a sign the housing market may see a further boost in its recovery. According to a report by CoreLogic, 58,000 foreclosures were completed in the first month of the… Read More

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