Foreclosure

Dormant Lender Shows Up After 10 Years, Homeowner seeks the assistance of The Nonprofit Alliance of Consumer Advocates & Avoids Foreclosure with A Free Loan Modification

Retrieved on: 
Wednesday, July 13, 2022
International Association of Hebrew Free Loans, Owner-occupancy, Bankruptcy, John Simpson (journalist/consumer advocate), Family, ZERO, Loan, Selling Sunset, NACA, Foreclosure, Affordable housing, Private equity, CPAS, Eaton v. Federal National Mortgage Ass'n, Real estate, Insurance, Management, Creditor

COSTA MESA, Calif., July 13, 2022 /PRNewswire-PRWeb/ -- Mr. Agustin Barrera's original Lender went into bankruptcy in 2010. A different lender showed up after ten years in 2020, requiring a delinquent amount of $168,096.08 and putting his property in Foreclosure. Mr. Agustin reached out to the Nonprofit Alliance of Consumer Advocates; a Federally Credentialled 501C3 Nonprofit Loss Mitigation Clinic focused on Homeownership Preservation and Affordable Housing.

Key Points: 
  • COSTA MESA, Calif., July 13, 2022 /PRNewswire-PRWeb/ -- Mr. Agustin Barrera's original Lender went into bankruptcy in 2010.
  • A different lender showed up after ten years in 2020, requiring a delinquent amount of $168,096.08 and putting his property in Foreclosure.
  • Mr. Agustin reached out to the Nonprofit Alliance of Consumer Advocates; a Federally Credentialled 501C3 Nonprofit Loss Mitigation Clinic focused on Homeownership Preservation and Affordable Housing.
  • Mr. Barrera did not let the denial discourage him from trying again thru the Nonprofit Alliance of Consumer Advocates.

U.S. FORECLOSURE ACTIVITY INCREASES SLIGHTLY IN MAY 2022

Retrieved on: 
Tuesday, June 14, 2022
Cloud, AL, Insurance, NFS, Marketing, Food, NOD, NTS, TB, Database, Government, REO, MSAS, Reo Coordination Language, Sale, ID, Gasoline, File, Population, Foreclosure, Efficiency, Real estate owned, LIS, Housing, API, Real estate, Furniture, Renewable energy, Commercial property, Rare-earth element

IRVINE, Calif., June 14, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released its May 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,881 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 1 percent from a month ago but up 185 percent from a year ago.

Key Points: 
  • Nationwide one in every 4,549 housing units had a foreclosure filing in May 2022.
  • Lenders started the foreclosure process on 22,099 U.S. properties in May 2022, down 1 percent from last month but up 274 percent from a year ago.
  • States that had the greatest number of foreclosure starts in May 2022 included: Florida (2,483 foreclosure starts); California (2,238 foreclosure starts); Texas (2,019 foreclosure starts); Illinois (1,757 foreclosure starts); and Ohio (1,285 foreclosure starts).
  • "It's interesting that there were almost ten times more foreclosure starts than foreclosure completions," Sharga added.

U.S. FORECLOSURE ACTIVITY IN APRIL 2022 DECLINES SLIGHTLY

Retrieved on: 
Wednesday, May 11, 2022
Cloud, Population, NOD, Insurance, TB, File, Real estate owned, NTS, LIS, Foreclosure, NFS, Government, Database, MSAS, Marketing, Efficiency, Housing, ID, API, REO, Reo, Commercial property, Real estate, Furniture, Rare-earth element

IRVINE, Calif., May 11, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released its April 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,674 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 8 percent from a month ago but up 160 percent from a year ago.

Key Points: 
  • Nationwide one in every 4,580 housing units had a foreclosure filing in April 2022.
  • Lenders started the foreclosure process on 22,286 U.S. properties in April 2022, just down slightly from 22,360 last month but up 251 percent from a year ago.
  • In looking more granular, those counties that had the greatest number of foreclosure starts in April 2022 included: Cook County, IL (759 foreclosure starts); Los Angeles County, CA (652 foreclosure starts); Harris County, TX (429 foreclosure starts); Maricopa County, AZ ( 331 foreclosure starts); and Philadelphia, PA (277 foreclosure starts).
  • "The extreme difference between foreclosure starts and foreclosure completions in April might be the beginning of a trend," said Rick Sharga, executive Vice President of market intelligence for ATTOM.

ATTOM's Ever-Expanding Table of Data Elements Innovates In Real Estate Data Consumption for End-Users

Retrieved on: 
Wednesday, March 16, 2022
Cloud, Insurance, Solution, TB, Decision-making, GIS, ID, API, Lightning, Real estate, Government, Foreclosure, Sale, Real, School, Efficiency, Marketing, Surveying, Commercial property

IRVINE, Calif., March 16, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, continues to extend its data footprint by growing at lightning speed and its data products are growing alongside it. Over the past few years, the company has successfully acquired data attributes for more than 155 million U.S. residential and commercial properties, accounting for 99 percent of the country's population. As the company grows, so does its proprietary, ATTOM Table of Data Elements, which has transformed the way real estate data is consumed by businesses and individuals alike.

Key Points: 
  • As the company grows, so does its proprietary, ATTOM Table of Data Elements , which has transformed the way real estate data is consumed by businesses and individuals alike.
  • ATTOM's Table of Data Elements turns the company's ever-expanding data footprint into a captivating visual element.
  • Real Estate Listings Our real estate listings data and analytics solution provides access to over 40 million listings nationwide, providing invaluable insights into current and historic real estate listings.
  • The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses , property data APIs , real estate market trends , property reports and more.

U.S. FORECLOSURE ACTIVITY IN FEBRUARY 2022 CONTINUES TO INCREASE STEADILY

Retrieved on: 
Thursday, March 10, 2022
Government, Industry, RealtyTrac, Housing, Foreclosure, NTS, Marketing, NFS, NOD, Weakness, Database, Reo, MSAS, LIS, Population, REO, Real estate owned, Insurance, File, Renewable energy, Commercial property, Real estate, Casino

Lenders started the foreclosure process on 16,545 U.S. properties in February 2022, up 40 percent from last month and 176 percent from a year ago.

Key Points: 
  • Lenders started the foreclosure process on 16,545 U.S. properties in February 2022, up 40 percent from last month and 176 percent from a year ago.
  • Those states that saw the greatest numbers of foreclosures starts in February 2022 included: California (1,868 foreclosure starts); Florida (1,527 foreclosure starts); Texas (1,488 foreclosure starts); Illinois (1,168 foreclosure starts); and Ohio (1,144 foreclosure starts).
  • Among the 220 metropolitan statistical areas with a population of at least 200,000, those that had the greatest numbers of foreclosure starts in February 2022, included: Chicago, IL (1,075 foreclosure starts); New York, NY (793 foreclosure starts); Los Angeles, CA (530 foreclosure starts); Houston, TX (471 foreclosure starts); and Atlanta, GA (415 foreclosure starts).
  • Highest foreclosure rates in New Jersey, Illinois, and Ohio
    Nationwide one in every 5,320 housing units had a foreclosure filing in February 2022.

U.S. FORECLOSURE ACTIVITY IN JANUARY 2022 HIGHEST SINCE BEGINNING OF COVID-19 PANDEMIC

Retrieved on: 
Thursday, February 10, 2022
Foreclosure, Government, Reo, NTS, LIS, File, Marketing, NFS, RealtyTrac, NOD, CFPB, Housing, Population, REO, Real estate owned, MSAS, Holiday, Database, Insurance, Real estate, Commercial property, Rare-earth element, Renewable energy, Casino

"The increased level of foreclosure activity in January wasn't a surprise," said Rick Sharga, executive vice president of RealtyTrac, an ATTOM company.

Key Points: 
  • "The increased level of foreclosure activity in January wasn't a surprise," said Rick Sharga, executive vice president of RealtyTrac, an ATTOM company.
  • Highest foreclosure rates in New Jersey, Illinois, and Nevada
    Nationwide one in every 5,922 housing units had a foreclosure filing in January 2022.
  • Lenders started the foreclosure process on 11,854 U.S. properties in January 2022, up 29 percent from last month and 126 percent from a year ago.
  • Those states that saw the greatest number of foreclosures starts in January 2022 included: Florida (1,238 foreclosure starts); California (1,226 foreclosure starts); Texas (1,003 foreclosure starts); Illinois (757 foreclosure starts); and Ohio (665 foreclosure starts).

Greenberg Traurig Honors the Late Alan Mansfield with Alan Mansfield Racial Justice Fellowship Through Mobilization for Justice

Retrieved on: 
Wednesday, February 9, 2022
Board of directors, MFJ, Private law, Working poor, Senior, Hearst Communications, LLP, Foreclosure, GT, Lawyer, Memory, Board, New Yorkers, SLP, Daily News, Civil and political rights, Program, AM, Verizon Communications, Supreme, Housing, NLJ, New York State Commission on Judicial Conduct, U.S. News & World Report, Oklahoma Judicial Nominating Commission, Luu, Organization, Homelessness, Race (human categorization), Carbon, Supreme court, Justice, Social justice, Executive Committee, Online gambling, Practice of law, Greenberg Traurig

NEW YORK, Feb. 9, 2022 /PRNewswire-PRWeb/ -- Greenberg Traurig, LLP and Mobilization for Justice (MFJ) honor Alan Mansfield one year after his passing by announcing that MFJ has awarded the inaugural Alan Mansfield Racial Justice Fellowship to Belinda Luu, who will work with MFJ's Special Litigation Project (SLP).

Key Points: 
  • NEW YORK, Feb. 9, 2022 /PRNewswire-PRWeb/ -- Greenberg Traurig, LLP and Mobilization for Justice (MFJ) honor Alan Mansfield one year after his passing by announcing that MFJ has awarded the inaugural Alan Mansfield Racial Justice Fellowship to Belinda Luu, who will work with MFJ's Special Litigation Project (SLP).
  • The full year fellowship is co-sponsored by Greenberg Traurig and MFJ in memory of Mansfield, a beloved firm leader and former chair of MFJ's Board of Directors.
  • "I am truly thrilled to welcome Belinda as our first-ever Mansfield Racial Justice Fellow," said Tiffany Liston, MFJ's Executive Director.
  • Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage.

HOUSING MARKETS AT RISK FROM PANDEMIC DOWNTURNS CONCENTRATED IN NEW JERSEY, ILLINOIS AND CALIFORNIA

Retrieved on: 
Thursday, January 20, 2022
Dorado, Cloud, ID, TB, Database, Population, Palm, Safety, Government, DuPage, Tax, AL, Insurance, Cook, API, Housing, Marketing, Efficiency, DE, Risk, Blount, Metro Area, Foreclosure, Animal, Casino, Furniture, Commercial property, Food delivery, Buffalo, Coronavirus, Phoenix

Outside of California, no other western counties made it into the top 50 during the fourth quarter of last year.

Key Points: 
  • Outside of California, no other western counties made it into the top 50 during the fourth quarter of last year.
  • On the contrary, the West region again had the highest concentration of markets considered least vulnerable to pandemic-related damage.
  • The conclusions were drawn from an analysis of the most recent home affordability, equity and foreclosure reports prepared by ATTOM.
  • "The U.S. housing market keeps powering on despite of the Coronavirus pandemic that's still raging across the country.

U.S. FORECLOSURE ACTIVITY DROPS TO AN ALL-TIME LOW IN 2021

Retrieved on: 
Thursday, January 13, 2022
CFPB, Real estate owned, Foreclosure, Reo, Government, File, RealtyTrac, COVID-19, Database, Population, NFS, Insurance, Industry, Marketing, NOD, LIS, Metro, REO, NTS, Animal, Commercial property, Rare-earth element, Casino

"Homeowners have a record amount of equity over $23 trillion and over 87 percent of homeowners in foreclosure have positive equity.

Key Points: 
  • "Homeowners have a record amount of equity over $23 trillion and over 87 percent of homeowners in foreclosure have positive equity.
  • "The government's foreclosure moratorium, the mortgage forbearance program, and the mortgage servicing guidelines enacted by the CFPB in August have kept foreclosure starts artificially low over the past year," Sharga added.
  • 9,165 U.S. properties started the foreclosure process in December 2021, down 12 percent from the previous month but up 55 percent from a year ago.
  • ATTOM provides foreclosure data licenses that can power various enterprise industries including real estate, insurance, marketing, government, mortgage and more.

Nam Tai Property Provides Corporate Updates

Retrieved on: 
Monday, December 13, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Forward-looking statement, Shareholder rights plan, U.S. Securities and Exchange Commission, Rights, Board of directors, Deutsche Bank, Company, Foreclosure, Board, NYSE, Articles of association, Exercise, Charge sharing, Industry, NTP, Acquisition, Annual report, Time, Director, Adoption, Risk, Report of the Committee on Company Law Amendment, NTI, Security (finance), Form 6-K, Letter, Policy, Management, Association

Nam Tai Property Inc. (NYSE: NTP) (Nam Tai or the Company) today provided a series of corporate updates, including that it has entered into a one-year shareholder rights plan (the Rights Plan).

Key Points: 
  • Nam Tai Property Inc. (NYSE: NTP) (Nam Tai or the Company) today provided a series of corporate updates, including that it has entered into a one-year shareholder rights plan (the Rights Plan).
  • The Rights Plan is similar to shareholder rights plans adopted by other publicly-traded companies.
  • The Rights Plan does not prohibit shareholders from requisitioning meetings, seeking changes to the composition of the Board or making other proposals pertaining to the Company.
  • Nam Tai Property Inc. is an owner-operator of commercial real estate projects across China.