Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement
W S
Servicing / The Ticker

Large percentage of bank-owned homes remain vacant in Newark

/ Print / Reprints /
| Share More
/ Text Size+

Certain U.S. cities are struggling with foreclosed properties more than others. One such city is Newark, N.J., where nearly half of the bank-owned properties are still empty years after going through the foreclosure process.

NJSpotlight has more:

Almost 43 percent of bank-owned properties in one Newark neighborhood remain vacant, even years after foreclosure, according to a new study.

On a day when the city auctioned off 80 abandoned properties, the large number of vacant foreclosures “really jumped out” at researchers as they walked the Upper Clinton Hill neighborhood and studied property records, Linda Fisher, a Seton Hall University professor, told a Newark City Council committee hearing.

Source: NJ Spotlight
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus