Items Tagged with 'Foreclosure'

ARTICLES

  • Massachusetts hits Nationstar (aka Mr. Cooper) with fine, sanctions over servicing abuses

    Accused of offering borrowers “unfair and deceptive” mortgage modifications
    Nationstar Mortgage, the nonbank now known as Mr. Cooper, allegedly put hundreds of borrowers in Massachusetts at a heightened risk of foreclosure by offering them “unfair and deceptive” mortgage modifications, the state’s attorney general said Tuesday. “Nationstar failed to stop foreclosures and this settlement gives homeowners in the hardest hit areas in Massachusetts a chance to stay in their homes,” Massachusetts AG Maura Healey said.
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  • New York City foreclosures rise to post-crisis high

    Jump nearly 60% in one year
    There haven’t been this many homes in foreclosure in New York City since the housing crisis, but the news isn’t quite as bad as it seems. These foreclosures aren't new. In fact, many of them have been in the works for many years.
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  • Fannie, Freddie suspend evictions for the holidays

    But administration proceedings may continue
    As the holiday season grows closer, the GSEs made it just a little less stressful for families close to losing their home, by announcing families would be able to stay in their homes through the holidays. Although legal and administrative proceedings for evictions can continue, families will still be allowed to remain in the home.
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  • Foreclosure inventory falls to lowest level since housing boom

    Mortgage delinquencies hold steady from previous month
    Foreclosure inventory dropped to its lowest level in more than a decade in August, falling to the lowest level since August 2006. CoreLogic explained the effect of the drop in crude oil prices since 2014 has taken a toll on mortgage loan performance in some markets.
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  • DOJ suing Northwest Trustee Services for illegally foreclosing on veterans

    Claims foreclosure trustee violated Servicemembers Civil Relief Act
    “Our investigation revealed that Northwest Trustee Services repeatedly failed to comply with laws that are meant to ensure our service members do not have to fight a two front war – one on behalf of all of us, and the other against illegal foreclosures,” U.S. Attorney Annette Hayes said.
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  • Sponsored By
    Auction.com

    The value of investing in foreclosed properties

    Auction.com makes it easy to find properties and buyers
    In today’s market, many investors appreciate foreclosed properties’ value as investments because they are generally more affordable to obtain and later renovate for resale. Particularly when marketed on an online real estate marketplace, foreclosure properties are often easier to locate as a well-equipped platform maximizes the number of views a property receives, and is accompanied by valuable information about the properties’ condition, tax liens, etc.
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