Foreclosure numbers artificially fell (again), but RealtyTrac says they don’t indicate a double-dip since the housing market never fully recovered from the crash in the first place.
First-time buyers interested in discounted homes like foreclosures are running into credit problems and a surprising lack of homes ready to receive them.
Foreclosure accounted for 28% of all U.S. home sales in the first quarter of 2011, says RealtyTrac, a higher percentage that is mostly the byproduct of a sluggish market.
Mortgage applications for weird homes are a red flag for lenders hoping to avoid anything that could put a home’s value in question if the bank is forced to resell the property.
The average foreclosure takes nearly three years to clear in New York. What's with the delay, and what does it mean for delinquent homeowners?
Foreclosure activity decreased by 9 percentage points to a 40-month low in April, according to new Realty Trac data. The numbers don’t tell the whole story, though.
It may sound like a bad thing, but the money that defaulting homeowners don't pay their lenders can be a big boost to the economy by being spent on daily necessities.
While regulators have banned the practice, some banks and others who handle mortgages have still been forcing homeowners into a corner: You want a chance at saving your home? Then you'll have to waive your rights.
As more foreclosed homeowners turn to rentals for a place to hang their hat, they’re finding an unexpected ally in landlords, who are giving them a second chance despite their ravaged credit scores.
Bank of America is doubling its efforts to help delinquent homeowners avoid foreclosure in a move that could be a win-win for both homeowners and the bank.