Due to continuous economic recovery, in March the housing market observed an all-time low in foreclosure rates since 2007. Data from RealtyTrac indicates that nationwide foreclosure activity plunged by 23% in the first quarter, which is the lowest recording since 2007. Reports said, at least 117,485 homes in the U.S. have default notices, are being acquired [...]
Recent information from RealtyTrac said that nationwide the number of homeowners who entered foreclosure proceedings last February marked the lowest since 2006, an article by Forbes stated on March 13. The real estate firm recorded at least 51,842 homes last month that have started the foreclosure process, which is much lower compared to January. Meanwhile, [...]
DMX's financial troubles continue to develop. After filing for bankruptcy in 2013, he is now facing foreclosure for his $1 million New York property. Reports indicate that the rapper is blaming his wife for the property complications. The couple apparently agreed that Tashera, DMX's wife, would handle payments for the Mount Kisco property. DMX moved [...]
An 18 percent decline in the number of U.S. properties that filed for foreclosure in January 2014 as compared with January 2013 was observed by RealtyTrac, as reported by the Wall Street Journal on Thursday, February 13. However, an 8 percent increase of U.S. homes reportedly in different stages of the foreclosure process was also reported. [...]
Real estate professionals noted that the dropping foreclosure rates in the United States indicate improving economic stability. According to reports, 462,970 U.S. homes underwent foreclosure in 2013, which is a 31% decrease compared to 2012. Homes that complete foreclosure continue to decrease annually in 38 states. RealtyTrac vice president Daren Blomquist expressed optimism that the [...]
A real estate firm commented on a recent trend in a nationwide decline in foreclosure activity. According to recent data, this year’s foreclosure crisis is was the lowest that it has been in eight years. RealtyTrac, a estate research company, mentioned that the foreclosure activity in November had fallen 37 percent compared to last year. [...]
The mansion of former porn star Jenna Jameson in Hollywood Hills was recently lost to foreclosure after she failed to pay her mortgage, according to a report published on October 20. The 3,958 square foot, three-bedroom mansion is now being auctioned for $1.8 million. Last February, Jenna was notified of her almost 57,000 dollar debt. [...]
At least half of the $2.5 billion mortgage settlement fund that is supposed to aid ailing homeowners is being used to cover other state-related projects, an article published by USA Today on October 8 stated. According to the list of the National Conference of State Legislatures, most states who received the mortgage settlement fund allotted [...]
A NYC property of former NBA star Stephon Marbury is being threatened with foreclosure due to an unsettled debt from 2010, a report published on Wednesday, September 18. The two-bedroom and two-bath condominium of Stephon Marbury might be repossessed by the U.S. Bank International due to an accumulated debt of $844,035. Marbury has not made [...]
As part of foreclosure proceedings, the house of ex-NFL star O.J. Simpson will be sold this coming October, an August 27 report said. In the court documents, the 4,233 square-foot house of Simpson near Miami owed principal and interest worth more than $796,000 and unsettled property tax and insurance premiums that cost more than $80,000. [...]
The costs of closing a mortgage were observed to increase due to high interest rates, according to a recent article published by USA Today. In a survey conducted last June by Bankrate.com, origination fees increased by 8 percent while other fees were observed to increase by 1 percent. According to one industry insider, lenders were [...]
A local homeowner in Granger Township, Ohio was recently ordered to remove a protest sign from his yard that targets the two banks involve in his and his wife's foreclosure. ‘Fifth Third and Freddie Mac proudly present the capture of this home and family into the smash the dream program’ was printed on a huge [...]
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