Category Archives: Foreclosures

Foreclosures Rise in August

Market Analysis – Foreclosures: WASHINGTON — Foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing auctions, industry firm RealtyTrac said Thursday. http://t.co/wZcHqLaoQ7  More Market Analysis   NEW! Follow on … Continue reading

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Foreclosures Down Sharply Over the Last Few Years

As recently as 2011, distressed sales made up a full 30 percent of all housing sales. By 2013, that number had been cut in half to 15 percent, and in the month of June it rested at just 11. While … Continue reading

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Borrowers get $2.5B from Citi settlement

Borrowers get $2.5B from Citi – About $2.5 billion of Citi’s $7 billion settlement will go to consumers ow.ly/2Kc2Ku

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Broker Price Opinion

A Broker Price Opinion is the estimated value of a property as determined by a real estate broker or other qualified individual or firm. Banks and lenders use broker price opinions to determine the current value of a property before … Continue reading

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Mortgage Modifications

A Mortgage Modification is permanent change in a homeowner’s home loan terms that makes the monthly loan payments affordable. The goal of mortgage modification is to prevent foreclosure. Mortgage modification can benefit homeowners by preventing them from losing their home … Continue reading

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Underwater Mortgages

An Underwater Mortgage is a home purchase loan with a higher balance than the free-market value of the home. This situation often prevents the homeowner from selling the home unless the homeowner has the cash to pay the loss out … Continue reading

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Bank Owned Properties

Bank Owned Properties, also known as real estate owned (REO) properties, are properties that are taken into a bank’s inventory, after a foreclosure sale. Bank-owned property are acquired by a financial institution when a borrower does not make their mortgage … Continue reading

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