Urban decay

East Coast and Chicago Area Face Biggest Hurdles in Housing-Related Risks Connected to Coronavirus Pandemic Impact

Retrieved on: 
Thursday, April 22, 2021

The conclusions are drawn from an analysis of the most recent home affordability, equity and foreclosure reports prepared by ATTOM.

Key Points: 
  • The conclusions are drawn from an analysis of the most recent home affordability, equity and foreclosure reports prepared by ATTOM.
  • Rankings were based on a combination of those three categories in 552 counties around the United States with sufficient data to analyze in the first quarter of 2021.
  • Counties were ranked in each category, from lowest to highest, with the overall conclusion based on a combination of the three ranks.
  • "Our analysis suggests that even as the market remains hot, pockets of the East Coast, Midwest and South areat higher risk from potential damage connected to the pandemic.

Redfin Study: Homes in Black Neighborhoods Are Undervalued by an Average of $46,000

Retrieved on: 
Tuesday, April 20, 2021

"\nThe fact that homes in Black neighborhoods are worth less is one reason for the racial wealth gap in the U.S., as home equity is a major way to build wealth.

Key Points: 
  • "\nThe fact that homes in Black neighborhoods are worth less is one reason for the racial wealth gap in the U.S., as home equity is a major way to build wealth.
  • Black Americans are far less likely to own homes than white Americans: Just over 44% of Black Americans own the home they live in, versus 74.5% of white Americans.
  • We would need to see a broad cultural shift in the way homebuyers view neighborhoods that are predominantly Black.
  • Incorporating crime rates into Redfin\'s city-level analysis for Chicago shows that all else being equalincluding crime rateshomes in primarily Black neighborhoods are valued at an average of $56,000 less than comparable homes in primarily white neighborhoods.

U.S. Foreclosure Activity Continues To Increase Despite Government Moratorium

Retrieved on: 
Thursday, April 15, 2021

"But mortgage servicers have been able to begin foreclosure actions on vacant and abandoned properties, which benefits neighborhoods and communities.

Key Points: 
  • "But mortgage servicers have been able to begin foreclosure actions on vacant and abandoned properties, which benefits neighborhoods and communities.
  • It\'s likely that these foreclosures are causing the slight uptick we\'ve seen over the past few months.
  • "\nHighest foreclosure rates in Delaware, Illinois, and Florida\nNationwide one in every 4,078 housing units had a foreclosure filing in Q1 2021.
  • Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter.

Green Lantern Solar - Repowering Vermont

Retrieved on: 
Tuesday, March 30, 2021

The Climate Change Clubs curriculum is being provided by the Vermont Energy Education Program ( https://veep.org/ ), and recently, Green Lantern Solar General Counsel Dave Carpenter met with the students (via Zoom) to answer questions from the students and faculty.

Key Points: 
  • The Climate Change Clubs curriculum is being provided by the Vermont Energy Education Program ( https://veep.org/ ), and recently, Green Lantern Solar General Counsel Dave Carpenter met with the students (via Zoom) to answer questions from the students and faculty.
  • We look forward to taking more and more steps as a club toward combating climate change and working with Green Lantern Solar.
  • Green Lantern Solar has developed nearly 100 solar and solar+storage projects that annually produce approximately 75 Gigawatt-hours of clean, renewable solar electricity.
  • Green Lantern works with landowners to revitalize and re-develop low-value sites such as brownfields, landfills, quarries/pits/extraction sites and other challenging real estate.

Black Knight's First Look: Mortgage Delinquencies Rise for the First Time in Nine Months; Increase Largely Calendar-Driven But Bears Watching

Retrieved on: 
Tuesday, March 23, 2021

1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • 1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected] .

Väsamed, Inc. Has Ceased Operations; Assets Have Been Acquired Through Foreclosure

Retrieved on: 
Friday, March 19, 2021

EDEN PRAIRIE, Minn., March 19, 2021 /PRNewswire/ --Vsamed, Inc. announced today that it ceased all commercial operations in 2020 and that certain debtholders foreclosed on all of the company's assets pursuant to a publicly announced forced foreclosure asset sale in December 2020.

Key Points: 
  • EDEN PRAIRIE, Minn., March 19, 2021 /PRNewswire/ --Vsamed, Inc. announced today that it ceased all commercial operations in 2020 and that certain debtholders foreclosed on all of the company's assets pursuant to a publicly announced forced foreclosure asset sale in December 2020.
  • There will be no distributions or further communications to stockholders or remaining debtholders.

Macomb County EPA Brownfield Assessment Grant Funding Now Available, PM Environmental Selected as Authorized Consultant

Retrieved on: 
Thursday, March 18, 2021

CHESTERFIELD, Mich., March 18, 2021 /PRNewswire/ --Macomb County, which was awarded a $300,000 United States Environmental Protection Agency (EPA) Brownfield Assessment Grant in 2020, is currently taking applications for sites that require environmental site assessments.

Key Points: 
  • CHESTERFIELD, Mich., March 18, 2021 /PRNewswire/ --Macomb County, which was awarded a $300,000 United States Environmental Protection Agency (EPA) Brownfield Assessment Grant in 2020, is currently taking applications for sites that require environmental site assessments.
  • PM Environmental (PM), a leading environmental risk management firm, has been selected as the grant's environmental services consultant to assist the County in managing the grant, completing environmental assessments, and providing brownfield redevelopment planning services over the next three years.
  • "The awarding of EPA Brownfield Assessment Grant funds allows Macomb County to directly support projects that involve the reuse of properties suspected of being contaminated from prior uses.
  • Services include Environmental Site Assessments, Property Condition Assessments, Brownfield Redevelopment, Environmental Compliance Audits, Underground Storage Tank Management, and more.

U.S. Foreclosure Activity Sees An Uptick In February 2021, But Still Down Significantly From Last Year

Retrieved on: 
Thursday, March 11, 2021

"Extensions to the Federal Government's foreclosure moratorium and CARES Act mortgage forbearance program continue to keep foreclosure activity historically low," said Rick Sharga, executive vice president of RealtyTrac, an ATTOM Data Solutions company.

Key Points: 
  • "Extensions to the Federal Government's foreclosure moratorium and CARES Act mortgage forbearance program continue to keep foreclosure activity historically low," said Rick Sharga, executive vice president of RealtyTrac, an ATTOM Data Solutions company.
  • Highest foreclosure rates in Utah, Delaware, and Florida
    Nationwide one in every 12,182 housing units had a foreclosure filing in February 2021.
  • "The government's moratorium bans foreclosures on government-backed loans for homeowners, and borrowers in the forbearance program are also protected from foreclosure actions," Sharga noted.
  • RealtyTrac.com is the premier foreclosure listing and search portal for investors and consumers looking to gain a competitive edge in the distressed market.

King & Corbin Associates Offers Cash Lifeline to Homeowners Facing Looming Foreclosure Crisis Due to Expiring Government Moratoriums

Retrieved on: 
Friday, March 5, 2021

Using this proven system, King & Corbin lets homeowners walk away from foreclosure with cash in hand, saving their credit from irreparable damage.

Key Points: 
  • Using this proven system, King & Corbin lets homeowners walk away from foreclosure with cash in hand, saving their credit from irreparable damage.
  • With government pandemic moratoriums set to expire soon, King & Corbin is currently offering homeowners a free 30-minute consultation to discuss options.
  • "We pray that families facing foreclosure do not wait until after the moratorium expires to do something," said Kimm C. King Jr., Co-Founder of King & Corbin.
  • King & Corbin understands that homeowners are in financial distress during a foreclosure and speed is critical.

Vacant Zombie Properties Remain Miniscule Factor In U.S. Housing Market Amid Ongoing Foreclosure Moratorium

Retrieved on: 
Thursday, February 25, 2021

Among the nation's total stock of nearly 99 million residential properties, zombie properties continue to represent just a miniscule portion only one of every 14,825 homes in the first quarter of 2021.

Key Points: 
  • Among the nation's total stock of nearly 99 million residential properties, zombie properties continue to represent just a miniscule portion only one of every 14,825 homes in the first quarter of 2021.
  • "These days, you can walk through most neighborhoods in the United States and not spot a single zombie foreclosure.
  • For the moment, though, zombie properties remain pretty much a non-issue in the vast majority of the country."
  • "But states with vacant properties caught in long judicial foreclosure processes should take steps to accelerate the disposition of those properties.