REO Spillover

New bank repossessions nationwide in May 2012 were down 18 percent from May 2011, the 19th consecutive month with a year-over-year decrease. But the story was much different in some markets.

Octomom’s Home Foreclosed

Following multiple postponed foreclosure auctions over the past three months, the La Habra, Calif., home where “Octomom” Nadya Suleman lives was foreclosed on yesterday.

Los Angeles Gives MERS the Boot

Two years after the Los Angeles City Council approved a foreclosure registry to track distressed bank-owned properties, city officials passed stricter rules to help clean up neglected bank-owned homes in Southern California.

Los Angeles Gives MERS the Boot

Two years after the Los Angeles City Council approved a foreclosure registry to track distressed bank-owned properties, city officials passed stricter rules to help clean up neglected bank-owned homes in Southern California.

Octomom’s Home Foreclosed

Following multiple postponed foreclosure auctions over the past three months, the La Habra, Calif., home where “Octomom” Nadya Suleman lives was foreclosed on yesterday.

Where Have All the REOs Gone?

Bank-owned (REO) inventory has decreased about 40 percent over the past in the past year and a half and continues to decrease despite a recent uptick in foreclosure starts.

Government Starts Investor Loan Modifications

Since 2008, the federal government says it has helped more than 1.1 million homeowners avoid foreclosure with a permanent loan modification. This is a big number but until now not a dime has gone to investors.

Where Have All the REOs Gone?

Bank-owned (REO) inventory has decreased about 40 percent over the past in the past year and a half and continues to decrease despite a recent uptick in foreclosure starts.

Government Starts Investor Loan Modifications

Since 2008, the federal government says it has helped more than 1.1 million homeowners avoid foreclosure with a permanent loan modification. This is a big number but until now not a dime has gone to investors.

More Foreigners Snap Up U.S. Properties

To many American home buyers, the U.S. housing market is a risky adventure.

Fannie Mae and Freddie Mac, New Bubble Machine Report

In 2004, if you asked the average Washington technocrat about the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, you would probably have been told they are sound, essential components of the U.S. housing market that were independ

More Foreigners Snap Up U.S. Properties

To many American home buyers, the U.S. housing market is a risky adventure.

Fannie Mae and Freddie Mac, New Bubble Machine Report

In 2004, if you asked the average Washington technocrat about the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, you would probably have been told they are sound, essential components of the U.S. housing market that were independ

Foreclosure Starts Stage Turnaround in May

For the first time in 28 months, the number of foreclosure starts on a year-over-year basis were on the upswing nationwide in May, according to the latest report released by RealtyTrac.

REO Shrinkage

Lower REO activity over the past 18 months — even if that lower activity was caused somewhat artificially — has resulted in fewer REO sales and a 40 percent drop in REO inventory.

Why The New Wave Of Foreclosures Is Good News For Homeowners

Today RealtyTrac released its May foreclosure report and the numbers aren’t great.

More Foreclosures Mean More Fixer Uppers

A year after purchasing their Richmond, Virginia, fixer-upper for $290,000 in 2010, Sherry and John Petersik rolled up their sleeves and tackled the outdated kitchen.

More Foreclosures Mean More Fixer Uppers

A year after purchasing their Richmond, Virginia, fixer-upper for $290,000 in 2010, Sherry and John Petersik rolled up their sleeves and tackled the outdated kitchen.

Foreclosure Starts Stage Turnaround in May

For the first time in 28 months, the number of foreclosure starts on a year-over-year basis were on the upswing nationwide in May, according to the latest report released by RealtyTrac.

REO Shrinkage

Lower REO activity over the past 18 months — even if that lower activity was caused somewhat artificially — has resulted in fewer REO sales and a 40 percent drop in REO inventory.