Foreclosure

U.S. Properties With Foreclosure Filings In First Six Months Of 2021 Hit All-time Low Of 65,082

Retrieved on: 
Thursday, July 15, 2021
Mortgage, United States housing bubble, Real property law, Foreclosure, Urban decay, Real estate, Land law, Articles

Bucking the national trend with increasing foreclosure activity compared to a year ago, were only 5 of the 220 metro areas analyzed in the report.

Key Points: 
  • Bucking the national trend with increasing foreclosure activity compared to a year ago, were only 5 of the 220 metro areas analyzed in the report.
  • Nationwide 0.05 percent of all housing units (one in every 2,112) had a foreclosure filing in the first half of 2021.
  • 6,826 U.S. properties started the foreclosure process in June 2021, up 16 percent from the previous month and up 40 percent from a year ago.
  • Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter.

Turning the Corner in April: CoreLogic Reports First Annual Decrease in US Overall Delinquency Rate Since March 2020

Retrieved on: 
Tuesday, July 13, 2021
Professional services, Data management, Technology, Residential Building & Real Estate, Software, Finance, Construction & Property, Finance, Money, United States housing bubble, Mortgage, Economy, Foreclosure, Real property law, Urban decay, CoreLogic, Mortgage loan

To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.

Key Points: 
  • To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.
  • Adverse Delinquency (60 to 89 days past due): 0.3%, down from 0.7% in April 2020.
  • Serious Delinquency (90 days or more past due, including loans in foreclosure): 3.3%, up from 1.2% in April 2020.
  • Foreclosure Inventory Rate (the share of mortgages in some stage of the foreclosure process): 0.3%, unchanged from April 2020.

York County, PA Moves to Online Sheriff Sales with National Software Provider Realauction.com

Retrieved on: 
Tuesday, June 29, 2021
Real property law, Government, Real estate, Geography of Florida, State taxation in the United States, Tax noncompliance, Tax sale, Foreclosure, Auction, Fort Lauderdale, Florida, Sheriffs in the United States

"We are excited to move to this online portal for our Sheriff Sales & are confident it will greatly improve the overall efficiency of our sales now and in the future.

Key Points: 
  • "We are excited to move to this online portal for our Sheriff Sales & are confident it will greatly improve the overall efficiency of our sales now and in the future.
  • "Realauction.com was chosen due to their proven track record and user friendly software plus there's no cost to the County whatsoever."
  • Realauction.com is an online auction software provider headquartered in Fort Lauderdale, FL.
  • The company has been hosting online Sheriff's Sales, Tax Sales, Foreclosure Sales and Tax Lien Sales since 2005.

FTC Sends Refunds to People who Lost Money to Student Loan, Mortgage Debt Relief Scheme

Retrieved on: 
Thursday, June 24, 2021
Money, Finance, United States housing bubble, Economy, Loans, Corporate crime, Federal Trade Commission, Foreclosure, Mortgage loan

The Federal Trade Commission is sending refunds totaling more than $223,000 to people who lost money to a student loan and mortgage debt relief operation.

Key Points: 
  • The Federal Trade Commission is sending refunds totaling more than $223,000 to people who lost money to a student loan and mortgage debt relief operation.
  • The FTC also alleged the defendants targeted distressed homeowners by making false promises that they would provide mortgage relief and prevent foreclosure.
  • The FTC never requires people to pay money or provide account information to cash a refund check.
  • The Commission has urged Congress to restore the FTCs ability to get money back for consumers.

FTC Sends Refunds to People who Lost Money to Student Loan, Mortgage Debt Relief Scheme

Retrieved on: 
Thursday, June 24, 2021
Money, Finance, United States housing bubble, Economy, Loans, Corporate crime, Federal Trade Commission, Foreclosure, Mortgage loan

The Federal Trade Commission is sending refunds totaling more than $223,000 to people who lost money to a student loan and mortgage debt relief operation.

Key Points: 
  • The Federal Trade Commission is sending refunds totaling more than $223,000 to people who lost money to a student loan and mortgage debt relief operation.
  • The FTC also alleged the defendants targeted distressed homeowners by making false promises that they would provide mortgage relief and prevent foreclosure.
  • The FTC never requires people to pay money or provide account information to cash a refund check.
  • The Commission has urged Congress to restore the FTCs ability to get money back for consumers.

Black Knight's First Look: Number of Seriously Past-Due Loans Continues to Improve, Though Long Holiday Weekend Drives Up May's Overall Delinquency Rate

Retrieved on: 
Wednesday, June 23, 2021
Mortgage, Money, Finance, United States housing bubble, Foreclosure, Real property law, Urban decay, Mortgage loan, Black Knight, Economy

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] .

LegalShield May Housing Construction Index Continues to Surge as Plan Members Pursue A Post-Covid Lifestyle

Retrieved on: 
Tuesday, June 15, 2021
Commercial Building & Real Estate, Legal, Technology, Construction & Property, Finance, Security, Professional services, Small business, Other Construction & Property, Residential Building & Real Estate, Finance, Money, Foreclosure, Mortgage, Real property law, United States housing bubble, Urban decay, LegalShield, Mortgage loan, Housing, Economy

Two of its sub-indices, The LegalShield Housing Construction and Housing Sales Indices, both climbed for the third straight month to reach record highs.

Key Points: 
  • Two of its sub-indices, The LegalShield Housing Construction and Housing Sales Indices, both climbed for the third straight month to reach record highs.
  • LegalShield continues to receive and resolve an unprecedented number of requests from members seeking attorney reviews of their mortgage and commercial real estate contracts.
  • Our index comprises five sub-indices Consumer Stress, Bankruptcy, Foreclosure, Housing Construction, and Housing Sales constructed from the companys proprietary data, accumulated over the past 16 years.
  • The LegalShield Housing Construction Index rose from 144.4 to 146.7 in May, a new all-time high.

May Foreclosure Starts Up 36 Percent Year-Over-Year

Retrieved on: 
Tuesday, June 15, 2021
Mortgage, Property law, Real property law, Money, Finance, United States housing bubble, Foreclosure, Urban decay, RealtyTrac, Mortgage loan, Notice of default, Repossession

Foreclosure Market Report, which shows there were a total of 10,821 U.S. properties with foreclosure filings default notices, scheduled auctions or bank repossessions down 8 percent from a month ago but up 23 percent from a year ago.Foreclosure starts, which represent the initial notice of default, grew by 36 percent year-over-year.

Key Points: 
  • Foreclosure Market Report, which shows there were a total of 10,821 U.S. properties with foreclosure filings default notices, scheduled auctions or bank repossessions down 8 percent from a month ago but up 23 percent from a year ago.Foreclosure starts, which represent the initial notice of default, grew by 36 percent year-over-year.
  • "While the increase in foreclosure activity is significant, it's important to keep these numbers in perspective," said RealtyTrac Executive Vice President Rick Sharga.
  • The ATTOM May 2021 U.S. Foreclosure Market Report shows that nationwide one in every 12,700 housing units had a foreclosure filing.
  • ATTOM provides foreclosure data licenses that can power various enterprise industries including real estate, insurance, marketing, government, mortgage and more.

RealtyTrac Enhances Online Offerings and Resources for Real Estate Investors and Agents

Retrieved on: 
Thursday, June 10, 2021
Commercial Building & Real Estate, Software, Construction & Property, Networks, Internet, Technology, REIT, Residential Building & Real Estate, United States housing bubble, Mortgage, Real estate, RealtyTrac, Finance, Money, Foreclosure, Real estate investing, Real estate agent, Foreclosure investment

RealtyTrac, the largest online marketplace for foreclosure and distressed properties and an ATTOM Data Solutions company, today announced a significant enhancement of its data offerings and resources available on realtytrac.com to help individual investors and real estate agents find, analyze and invest in residential properties.

Key Points: 
  • RealtyTrac, the largest online marketplace for foreclosure and distressed properties and an ATTOM Data Solutions company, today announced a significant enhancement of its data offerings and resources available on realtytrac.com to help individual investors and real estate agents find, analyze and invest in residential properties.
  • The new web platform showcases RealtyTracs property-level database which includes more than 90% of foreclosure properties in the U.S., the largest distressed real estate database available to investors and agents.
  • For real estate agents, the site helps them find inventory for their clients who are interested in buying foreclosure homes.
  • Founded in 1996, RealtyTrac publishes the largest database of foreclosure property information in the U.S. in addition to other real estate and mortgage data used by real estate investors and agents to find, analyze and invest in residential and commercial distressed properties.

CoreLogic Reports Strong Improvement for US Mortgage Delinquency Rates in March

Retrieved on: 
Tuesday, June 8, 2021
Professional services, Other Professional Services, Other Construction & Property, Residential Building & Real Estate, Insurance, Finance, Construction & Property, CoreLogic, Companies, Finance, Money, Mortgage, United States housing bubble, Foreclosure, Mortgage loan, the CoreLogic Consumer Housing Sentiment Study, CoreLogic, THE CORELOGIC CONSUMER HOUSING SENTIMENT STUDY, CORELOGIC

To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.

Key Points: 
  • To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.
  • U.S. overall mortgage delinquency lessened significantly from February to March, and rates for nearly every other stage of delinquency were down compared to a year ago, said Frank Martell, president and CEO of CoreLogic.
  • The delinquency, transition and foreclosure rates are measured only against homes that have an outstanding mortgage.
  • CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.