There are more than 4 million homes in the U.S. today that are 90 days or more in arrears.  The outcome of these will be one of three solutions: Foreclosure Loan modification Short sale   While the pain of losing a home to foreclosure cannot… Read more

USA Today reports that delays in paperwork are holding up potential foreclosures on 1.7 million homes according to CoreLogic.  As a result, 178 of the largest 211 metropolitan areas showed reduced foreclosure activity.  The Chicago Tribune noted that foreclosure activity in the first half of… Read more

Given that 23 percent of homeowners are currently underwater on their mortgages, that prices have yet to recover, and that 2.87 million homes alone in 2010 received notices of default, there remain a minimum 4 to 5 million properties that will either go through foreclosure,… Read more

Record housing sales in some hard-hit markets are finally getting inventory down to manageable levels—so there is good news on the horizon (but that does not mean we will reach that horizon tomorrow).  And yes, these writers confirm the slowdown in foreclosures are not related… Read more

A year ago the typical foreclosure took 340 days to close and now are running 400 days (compared to 151 days in the first quarter of 2007).  And in New York and New Jersey, the time to foreclosure from start to finish is a huge… Read more

2010 Year-End and Q4 Foreclosure Sales Report-Realtytrac.com The Q4 intermission on foreclosures and related sales of Real Estate Owned (REO) by banks, caused an artificial reduction in the foreclosure sales rate in 2010, with foreclosures making up 26 percent of all U.S. home sales compared… Read more

It is an amazing turn around that just a week ago many naysayers trumpeted that the U.S. does not need title insurance and that it is merely an unnecessary expense in the closing process. And now when there may not be title insurance available, people… Read more

When you look at investments, you have to consider the alternatives to gauge whether buying is attractive or not. By all means make certain to include the tax ramifications.  It’s the alternatives that the writer of the commentary below leads to conclusion that foreclosed housing… Read more

Foreclosures Remain Heavy as the Housing Market Continues to Work Through Excess Inventory The loss of more than 7 million jobs since January 2008 continues to haunt housing as even among the most creditworthy cannot continue making payments after losing their jobs.  Prime loan borrowers… Read more

MarketWatch article U.S. properties targeted for foreclosure rose 8% in first half Excerpt: “One of every 78 U.S. housing units, or 1.28% of the total, was subject to at least one foreclosure filing in the first six months of the year. That’s a total of… Read more