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Foreclosure activity rose 57% from a year ago in November, and was highest in New York City, Chicago, Houston, Miami, and Los Angeles

December 12, 2022 4:51 pm

Overall foreclosure filings were up 57% in November from a year ago. Still, foreclosure filings for November slid 5% from the month prior, with 30,677 U.S. properties having a default notice, scheduled auction, or bank repossession tied to them, according …

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“Hey, there’s a bubble” – Zombie Debt: Homeowners face foreclosure on old mortgages

November 18, 2022 6:18 pm

Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home in 2006, …

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3 Portland Hotels Headed for Foreclosure amid Rampant Rioting, Homelessness

September 13, 2022 10:04 pm

“Too many homeless and crazy people running around. Suffice to say, I’m furious!” a Benson top executive wrote in an email, according to the outlet. Portland has been subject to rioters who have destroyed parts of the city on numerous …

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The State of the Foreclosure Market – Banks Are Not Taking Houses Back

August 1, 2022 10:52 am
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Foreclosures are on the rise. In January there was a seven-fold increase in foreclosure starts, new data shows.

March 19, 2022 9:13 pm

In January there was a seven-fold increase in foreclosure starts as compared to December, with roughly 33,000 loans referred to foreclosure, according to a report from mortgage data and analytics company Black Knight. What’s more, data from real estate data …

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Foreclosure Looms for Homeowners Who Thought They’d Won, Thanks to Top New York Court Ruling

January 2, 2022 10:49 am

Christine Fife was “speechless with joy” when she won her foreclosure case in January 2020, she recalled, believing her decade under threat of foreclosure in her Upper West Side condo was finally over. Now, though, Fife is once again facing …

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Nightmare Crash & Foreclosure Crisis | Alasdair Macleod

August 18, 2021 9:42 pm

Former bank president and Head of Research at GoldMoney.com, Alasdair Macleod, lays out a step-by-step preview of the coming financial meltdown, including: – a trapped Fed compelled to accelerate their runaway debt QE and currency debasement, – organic eruption of …

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Housing collapse: Foreclosure moratorium ending July 31st means 1.7 million foreclosure sales VIDEO AND SYNOPSIS

July 3, 2021 10:51 am

This is an interesting take I hadn’t thought of on why the housing market is in trouble. Synopsis below but the video is really good with supporting data included… 1.7 million homeowners are currently 90+ days past due. Foreclosure moratorium …

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Fearing foreclosure crisis, watchdog cracks down on mortgage servicers…

April 20, 2021 8:57 am

NEW YORK/WASHINGTON, April 19 (Reuters) – The U.S. consumer watchdog is scrutinizing mortgage servicers’ compliance with pandemic relief programs amid concerns struggling homeowners are not getting the help they need to avoid foreclosures, or are being discriminated against, said a …

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