Category Archives: Latest Foreclosure and Investing Information
We referenced the Belleville News-Democratic to get a better idea of how Illinois stood up against the rest of the country in the foreclosure rankings. Although foreclosures followed a downward slope nationwide in 2012, 25 states actually recorded an increase in foreclosure activity. Among those states with increased … Continue reading
Keeping politics aside for the moment, we examine where the housing market stands in the days following President Obama’s inauguration in comparison to his first inauguration. ABC News did an economic comparison between 2009 to now about several hot issues keeping the presidential administration busy over the past four years. … Continue reading
In a recent article out of the Washington Examiner, we get a look inside the housing market of our nation’s capital. If the District of Columbia counted in the foreclosure state rankings, it would show up at number 50 just behind North Dakota. The District … Continue reading
According to HousingWire, shadow inventory in October 2012 dropped 12.3% in a year over year analysis that witnessed a decrease from 2.6 million units to 2.3 million. The numbers found in this study account for 85% of a total of 2.7 million properties … Continue reading
Phew! The recently signed “fiscal cliff” deal preventing the economy from crushing tax hikes is great news for the housing market. Homeowners, renters and especially investors will all benefit by the extended 2001/2003 federal tax cuts. Many feared that plummeting over the … Continue reading
We found another media outlet discussing this week’s foreclosure abuse settlements; this time via The New York Times. The article goes into detail on why banks were probed in the first place, referencing bank audits that determined legal violations and suspicious documentation. … Continue reading
It appears the time for banks to pay up is here. Ten major banks and some mortgage companies were ordered Monday to pay $8.5 billion to settle federal complaints from homeowners wrongfully foreclosed on and forced to vacant their homes. Some notable banks required to repay … Continue reading
We’re blogging about something a little different this weekend. Our topic is a single home that has architectural junkies salivating and romantics swooning. This 1955 two-parcel property is nestled in a wooded area in the enchanting town of Bothell, WA, a … Continue reading
Homeowners in distress, investors and bankers alike all have something to be happy about this New Year. Both the world didn’t end and lawmakers signed a one year extension on the Mortgage Debt Relief Act, mainly due to the success … Continue reading