Hat tip to pemeliza for sending this along from WSJ/Marketwatch: Recent research suggests that properties near foreclosures normally suffer falling home prices, but a new paper from the Federal Reserve Bank of Atlanta challenges the claim. It’s the condition of the...
They don't ask why foreclosures are declining - did they just stop foreclosing? From NMN: Home prices are rising again due to the slowdown in REO sales and a decline in the shadow inventory of seriously delinquent loans hanging over the housing market, according to...
From HW: Foreclosure sales dropped dramatically in three states last month, suggesting some state legislation is stalling the natural cycle of the market, ForeclosureRadar said Thursday. The new Homeowner Bill of Rights in California is expected to have a huge impact...
From sddt.com: Trustee deeds in San Diego County are down almost 60 percent from June 2011, and one local expert said that’s “really pretty amazing.” Trustee deeds — the final step in the foreclosure process, transferring ownership from the delinquent borrower back to...
Hat tip to T&W for sending this along, from dsnews.com: After conducting a survey with current and former clients, YouWalkAway.com reported that lenders are taking longer before beginning the foreclosure process. The agency surveyed underwater homeowners it has or...
Could a recent uptick in foreclosure filings mean more REO inventory later this year? Or just a fake-out to keep the short sales moving? At least we can say that there's been no waiting for us at Bank of America. They listed 1848 Kerisiano for $519,000 just 10...
From HW: Real estate activity in Phoenix is one giant contradiction with home prices growing at a time when new foreclosures are entering the market, the W.P. Carey School of Business at Arizona State University said in a report. Home prices in Phoenix rose 32.4% over...
Hat tip to DOB for sending this in, from telegram.com: As David vs. Goliath struggles go, they don't get much more lopsided than a lone muscle-car enthusiast going up against a mega-bank with more than $2 trillion in assets. But that's exactly what Aaron Dahrooge of...
Diana is finally coming around to believe what we've been saying all along. From cnbc.com: After months of declines, the foreclosure numbers are going up again. Foreclosure starts, the first phase of the process, rose 9 percent in May month-to-month, the first...
The shift from foreclosing to short-selling is having its challenges. The banks and servicers are not foreclosing at the same pace, presumably to give defaulters a chance to work their way through the loan-mod waterfall. Once a loan modification has been attempted and...
