23 December 2020
The Department of Housing and Urban Development recently announced that the Federal Housing Administration is granting a two-month extension of its foreclosure and eviction moratorium and initial forbearance requests through February 28, 2021. The moratorium is for single-family home borrowers with FHA-insured mortgages to request an initial Covid-19 forbearance from their mortgage servicer to defer […]
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23 December 2020
COLUMBUS, Ohio, Dec. 23, 2020 /PRNewswire/ — Recent actions at the federal level to extend foreclosure and eviction moratoriums on certain sections of the housing market through January will allow the incoming administration of President-elect Biden to revisit the issue after Inauguration Day, according to Columbus distressed assets manager and auctioneer Rich Kruse. But the Gryphon […]
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15 December 2020
While it doesn’t influence our opinions of products, we do receive compensation from partners whose offers appear here. We’re on your side, always. See our full advertiser disclosure here. Given the number of Americans who have struggled financially during the coronavirus pandemic, you’d think foreclosure numbers would be booming. But actually, according to new research […]
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15 December 2020
For Oregonians that have been struggling to make ends meet during the COVID-19 crisis, the next few weeks could be dire. An estimated 70,000 Oregonians are poised to lose their unemployment benefits by the end of the month as federal help expires. At the same time, statewide protections against evictions and foreclosures are also set […]
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10 December 2020
One of these is not like the others: Homeowners are still struggling to meet their monthly mortgage bills, the coronavirus is on the rise, the economy is scuffling and foreclosures filings are way down. November foreclosures filings dropped to 10,042, a 14 percent dip from October and an 80 percent drop from the roughly 50,000 […]
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10 December 2020
According to The Oregonian, activists have camped out for months at a foreclosed home in an effort to keep a Black and Indigenous family in the house they had owned for decades. Police arrived at the property at 5 a.m. Tuesday and cleared people out so the new owners could put up fencing and board […]
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02 December 2020
Almost 18 million Americans are behind on rent or mortgage payments. Roughly one-third of them, or 5.8 million Americans, said in a survey by the US Census Bureau in November that they expected to face eviction or foreclosure in the coming months. That’s about the size of the population in Singapore. The survey found that […]
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02 December 2020
The Federal Housing Finance Agency has extended its moratoriums on single-family foreclosures and real estate-owned evictions until January 31, 2021, at the earliest, the agency announced Wednesday. The moratoriums, part of the FHFA’s response to the economic impacts of the global pandemic, shields homeowners with mortgages backed by Freddie Mac and Fannie Mae from foreclosures […]
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24 November 2020
Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Auction.com shows. While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September. That said, the moratoria have played a part in creating a backlog of likely foreclosures that […]
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19 November 2020
The number of foreclosure filings in the U.S. rose almost 20% compared to the previous month during October. ATTOM Data Solutions, which reported the finding, said foreclosure filings include default notices, bank repossessions and scheduled auctions, and said the COVID-19 pandemic is the most likely factor behind the increase. “It’s a little surprising to see […]
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19 November 2020
This past June, in Barnes v. U.S. National Bank, No. 2180699, the Alabama Court of Civil Appeals held that a mortgagee’s notice of acceleration failed to strictly comply with the notice provisions contained in Paragraph 22 (“Paragraph 22”) of the Fannie Mae/Freddie Mac Uniform Mortgage. As a result, the Court held that the foreclosure sale […]
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12 November 2020
he decision by lenders to pause foreclosure proceedings in the COVID-19 pandemic continued a dramatic drop in foreclosure filings during October. According to a report released by Attom Data Solutions, the five-county Winston-Salem metropolitan statistical area had just 36 filings, down 81.1% from 191 a year ago, However, the pace did pick up compared with […]
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12 November 2020
The share of mortgages in some stage of the foreclosure process was at 0.3% in August 2020 – down from 0.4% in August 2019 and the lowest it has been since “at least January 1999,” according to analytics firm CoreLogic. However, the firm also revealed a significant increase in serious delinquency rates – or mortgages […]
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10 November 2020
A total of 11,673 US properties received foreclosure filings in October 2020, according to a new report from Attom Data Solutions released Tuesday Source: https://www.inman.com/2020/11/10/us-foreclosure-filings-increase-20-in-october-despite-moratoriums/ © 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
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10 November 2020
by Jason Porterfield November 10, 2020 Image via CoreLogic Forbearance measures are keeping foreclosures down despite increasing numbers of homeowners falling behind on their mortgages in Miami and in other cities, according to CoreLogic’s most recent Loan Performance Insights Report. CoreLogic found that in August, delinquencies went up in every state and in every U.S. metro […]
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04 November 2020
A leading economist is warning that this year’s booming housing market will soon give way to a rising tide of foreclosures that will submerge many homeowners in the coming year. In an opinion piece published on Bloomberg, Michael R. Strain, the John G. Searle Scholar and the director of economic policy studies at the American Enterprise […]
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02 November 2020
The Erie County Department of Real Property Tax Services is postponing this year’s annual foreclosure auction because of the state’s Covid-19 restrictions on public gatherings. Initially delayed until Dec. 10 due to the pandemic, Real Property Tax Services is now postponing the event until 2021 due to pandemic restrictions that limit attendance at indoor events. […]
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29 October 2020
WAMPSVILLE — The Madison County annual Tax Foreclosure Real Estate Auction has been canceled for 2020. The auction was canceled due to Gov. Andrew Cuomo’s executive order regarding foreclosures, in response to the COVID-19 pandemic. The auction for next year has already been scheduled for September 18, 2021. “We understand that many people are interested […]
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29 October 2020
IRVINE, Calif., Oct. 29, 2020 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its fourth-quarter 2020 Vacant Property and Zombie Foreclosure Report (a current snapshot of the market in the fourth quarter) showing that 1.6 million (1,556,592) residential properties in the United States, […]
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27 October 2020
Sherrod Brown doesn’t seem to have a lot of faith in Kathy Kraninger. The Ohio Democrat and ranking member of the Senate Banking Committee has repeatedly accused the director of the Consumer Financial Protection Bureau of putting corporations’ interests ahead of consumers and dropping the ball on mortgage relief awareness. He has also chastised her […]
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27 October 2020
Roughly half of Burnsville Center has been put up for auction by its owner, which said earlier this year that it would lose control of the mall to foreclosure. Source: https://www.bizjournals.com/twincities/news/2020/10/27/burnsville-center-half-auction-foreclosure.html © 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
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23 October 2020
Economists warn we could be in for an avalanche of foreclosures as measures designed to prop up the economy slowly run out. We’ve already seen extra unemployment payments stopped. Now, some worry banks that have been working with customers to delay payments may soon take a harsh new tone. Rachel Khirallah, a North Texas real […]
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