Foreclosure

Bucks County Transitions to Online Sheriff Sales April 9

Retrieved on: 
Monday, March 29, 2021
Bid4Assets, Bucks County, Pennsylvania, Foreclosure, Doylestown, Auction, Articles, Land law, Real estate

DOYLESTOWN, Penn., March 29, 2021 /PRNewswire/ --Beginning in April, Bucks County, Pennsylvania's Sheriff Office will conduct its foreclosure sales online through online real estate auction site Bid4Assets.com.

Key Points: 
  • DOYLESTOWN, Penn., March 29, 2021 /PRNewswire/ --Beginning in April, Bucks County, Pennsylvania's Sheriff Office will conduct its foreclosure sales online through online real estate auction site Bid4Assets.com.
  • "While it is important to get these auctions back on schedule, the safety of our citizens remains our primary concern," said Milton Warrell, Bucks County Sheriff.
  • "Bid4Assets services allow us to safely conduct our auctions while introducing Bucks County to a national audience of buyers.
  • Bid4Assets has recently hosted successful online foreclosure sales for multiple sheriff offices in Pennsylvania including Montgomery, Monroe and Berks Counties.

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
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] .

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

Retrieved on: 
Friday, March 19, 2021
United States housing bubble, Foreclosure, Mortgage, Real property law, Urban decay, Articles, Land law, Real estate

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.

LegalShield February Economic Stress Index Foreshadows Potential Surge in Evictions and Foreclosures Despite Newly Promised Stimulus

Retrieved on: 
Friday, March 12, 2021
Finance, Professional services, Residential Building & Real Estate, Legal, Construction & Property, Real property law, Finance, Money, Land law, United States housing bubble, Mortgage, Eviction, Housing, Landlord–tenant law, LegalShield, Foreclosure, Mortgage loan

While evictions and foreclosures are still well below pre-pandemic levels, millions of homeowners have fallen behind at least three months on their mortgage.

Key Points: 
  • While evictions and foreclosures are still well below pre-pandemic levels, millions of homeowners have fallen behind at least three months on their mortgage.
  • Unfortunately, as our members use our service for advice on foreclosures, evictions, and landlord/tenant issues, we believe we will see a rise in these events.
  • The LegalShield Economic Stress Index is constructed from the companys proprietary data reflecting demand for legal services and provides actionable intelligence about the near-term direction of the U.S. economy.
  • Highlights from the February 2021 LegalShield Economic Stress Index are as follows:
    The Consumer Stress Index edged up in February as more LegalShield plan members sought assistance in dealing with consumer / finance issues including billing disputes, credit repair, insurance matters, etc.

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

Retrieved on: 
Thursday, March 11, 2021
Mortgage, United States housing bubble, Money, Finance, Real estate, Foreclosure, Real property law, Urban decay, Forbearance, Mortgage loan, RealtyTrac, Loss mitigation

"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.

A Look Back: US Mortgage Delinquency Rates Experience Record Highs and Lows in 2020, CoreLogic Reports

Retrieved on: 
Tuesday, March 9, 2021
Professional services, Data management, Technology, Residential Building & Real Estate, Finance, Construction & Property, Banking, Money, Finance, CoreLogic, United States housing bubble, Economy, Foreclosure, Mortgage loan

Serious Delinquency (90 days or more past due, including loans in foreclosure): 3.9%, up from 1.2% in December 2019.

Key Points: 
  • Serious Delinquency (90 days or more past due, including loans in foreclosure): 3.9%, up from 1.2% in December 2019.
  • By state, Hawaii and Nevada had the largest 12-month spike in delinquency rates, both up 4.1 percentage points.
  • 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.

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

Retrieved on: 
Friday, March 5, 2021
Mortgage, United States housing bubble, Foreclosure, Real property law, Urban decay, Finance, Money, Real estate

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
Articles, Mortgage, United States housing bubble, Culture, Foreclosure, Real property law, Urban decay, Zombie

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.

Black Knight's First Look: Mortgage Delinquency Rate Falls Below 6% for First Time in Nearly a Year, Yet 2.1M Homeowners Remain Seriously Delinquent

Retrieved on: 
Wednesday, February 24, 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] .

Greenberg Traurig Appellate Team Wins 2 Landmark Real Property Cases Before New York's Highest Court

Retrieved on: 
Friday, February 19, 2021
Greenberg Traurig, Greenberg, Foreclosure, Articles, Law, Land law

NEW YORK, Feb. 19, 2021 /PRNewswire-PRWeb/ -- A Greenberg Traurig (GT) Appellate team led by Shareholder Patrick Broderick and Of Counsel Brian Pantaleo won in two landmark real property cases before the New York Court of Appeals involving the statute of limitations in mortgage foreclosure cases.

Key Points: 
  • NEW YORK, Feb. 19, 2021 /PRNewswire-PRWeb/ -- A Greenberg Traurig (GT) Appellate team led by Shareholder Patrick Broderick and Of Counsel Brian Pantaleo won in two landmark real property cases before the New York Court of Appeals involving the statute of limitations in mortgage foreclosure cases.
  • The two cases are ground-shifting in New York real property law.
  • About Greenberg Traurig's Appellate Practice: Greenberg Traurig's Appellate Group has been involved in some of the most important and consequential cases of our time.
  • About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East.