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While the nationwide foreclosure filings decreased in August 2012 compared to the previous year, Maryland’s foreclosure filings rose significantly, this according to RealtyTrac’s latest U.S. Foreclosure Market Report. RealtyTrac reported that in August this year, Maryland’s foreclosure filings rose by 54% compared to the previous year.
The average 30-year and 15-year mortgage rates remain close to record lows, this according to the latest results of Freddie Mac’s Primary Mortgage Market Survey. Last Sept. 6, Freddie Mac reported that the 30-year fixed-rate mortgage averaged at 3.55%, a decrease from last week’s average rate of 3.59%. Six weeks ago, the 30-year fixed-rate mortgage …
According to RealtyTrac, foreclosure-related sales accounted for 23% of all U.S. residential sales during the second quarter of this year. RealtyTrac, which monitors foreclosed properties, reported that the foreclosure-related sales in the second quarter of 2012 climbed up from the 22% in the first quarter of this year and up by 19% from the same …
One in Four U.S. Home Sales in 2Q 2012 are Foreclosure-Related Sales Read More »
If you suffered financial injury as a result of misrepresentations, errors, or other deficiencies in the foreclosure process between 2009 and 2010, then you may be eligible for compensation or other remedy from your mortgage servicer. Last April 13, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the …
Faced Foreclosure in 2009 or 2010? You may be Eligible for Compensation Read More »
Many people are enticed to buy foreclosed homes due to their fantastic pricing. According to the National Association of Realtors, as of June this year, foreclosed homes were sold for an average discount of 18% below market value. While it is certainly an opportunity to buy a foreclosed home due to its fantastic pricing, there …