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Category Archives: Distressed properties
B of A to Offer Principal Writedowns to 200,000 Delinquent Borrowers
From this morning’s DSNews.com, written by Carrie Bay: “Bank of America began mailing out more than 200,000 letters this week targeting borrowers thought to be eligible for principal-reducing modifications under terms of the recent settlement the company and four other servicers … Continue reading
California foreclosures slashed by 53%
California foreclosures slashed by 53% April 13th, 2012, 9:35 am · by Jon Lansner, of the Orange County Register Pin It For those who fear an oncoming wave of distressed properties that will swamp the housing market, here’s a bit … Continue reading
Foreclosure filings in California have fallen to lows not seen since fall 2008.
Here are some details from an article just posted by ForeclosureRadar.com: Foreclosure activity slowed in April. Foreclosure filings were down in Arizona, California, Nevada and Washington, with Oregon being the sole exception where filings were up. California filings were down … Continue reading
Mortgage Delinquency Rate to Fall 20 Percent in 2011?
The mortgage delinquency rate (the ratio of borrowers 60 or more days behind on mortgage payments) is expected to fall nearly 20 percent by the end of 2011 to 4.98 percent, according to TransUnion. Continue reading
Industry Completes 1.5M+ Loan Mods in 1st 10 Months of 2010
Far more homeowners are receiving workout solutions — including loan modifications — than are going to foreclosure sale each month Continue reading
Fewer California mortgages are in default
Fewer California mortgages are in default Continue reading
New Bank of America Short Sale Test Program
New Bank of America Short Sale Test Program Continue reading
How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.
Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. 6 states dominated activity levels. Continue reading
Shadow Inventory. Yes? No? Maybe?
Shadow Inventory. Yes? No? Maybe? Continue reading
Short Sale Tactics May Bring on Legal Liabilities For Agents.
Short Sale Tactics May Bring on Legal Liabilities For Agents. Continue reading