Report on the Foreclosure Storm

Report on the Foreclosure Storm On March 12, the multi-state Attorneys General agreement was filed, ending the Robogate scandal and opening the way for expedited foreclosure processing.  Foreclosure activity hit a five-year low in the first quarter according to RealtyTrac and Lender Processing Services  reports first-time foreclosures remained stable in February as repeat foreclosures saw an 8 percent month-over-month decrease.  Even delinquencies were down 12.2 percent from last March, … [Read more...]

Real Estate News : Week Ending January 13

Real Estate News : Week Ending January 13Important real estate news from the week of January 7 – January 13, by the numbers: 1.9 Million – Number of homes that entered the foreclosure process in 2011 according to RealtyTrac Inc. It’s the lowest number since 2007. However, a big reason for the drop was legal and documentation delays in wake of the “robo-signing” incidents. $3 Million – Price paid for Regis Philbin’s Greenwich, Connecticut home. The 6,000 squre foot home was listed … [Read more...]