foreclosures

$26 Billion Settlement To Speed Up & Increase Foreclosure Activities, Experts Say

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home, Short Sales / By

Experts say that the recently approved $26 billion foreclosure settlement will pave the way to the eventual increase in new foreclosure activities. Even as the number of U.S. foreclosure filings in the 1st quarter of 2012 has been the lowest since the 4th quarter of 2007, this does not mean that foreclosures are easing up, …

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Fed Sanctions Foreclosure to Rental Approach

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As some banks are venturing into rental activities as part of their disposition  strategies, the Federal Reserve issues its policy statement regarding this matter. The Fed’s policy statement says that the “Federal Reserve’s regulations and policies permit the rental of residential other real estate owned (OREO) properties to third-party tenants as part of an orderly …

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3.4 Million Completed Foreclosures since Sept. 2008, CoreLogic Reports

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From the start of the U.S. financial crisis in September 2008, CoreLogic reports that approximately 3.4 million foreclosures have been completed. In the past 12 months ending in February 2012, the total number of completed foreclosures nationally reached 862,000, CoreLogic reports. CoreLogic, a provider of property information and analytics, continues that almost 3.4% of all …

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Sales of Vacation Homes & Investment Homes Soar in 2011

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According to the 2012 Investment and Vacation Home Buyers Survey conducted by the National Association of Realtors (NAR), sales of vacation homes and investment homes have jumped in 2011 – the highest level since 2005. The 2012 Investment and Vacation Home Buyers Survey, which covers the existing and new home transactions in 2011, shows that …

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Bank of America to Allow Families Facing Foreclosure Rent their Homes

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Bank of America, one of the nation’s largest mortgage servicers, has announced that it will allow a limited number of mortgage customers who are facing foreclosure to remain in their homes as tenants through the bank’s pilot program called “Mortgage to Lease.” Ron Sturzenegger, Legacy Asset Servicing executive of Bank of America, in a statement …

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