Fox News shared some tips on January 23 offering advice on how to spring back from a foreclosure experience. • After a foreclosure, borrowers should fix their credit by continuously using their credit and make it a point to pay on time. Lenders may grant loans to borrowers who work to build a continuous and reputable credit history....

Well-known hip hop artist and music producer Jermaine Dupri failed to pay his mortgage, resulting in foreclosure proceedings, a December 11 article by WSB-TV 2 stated. Reports said the Atlanta native musician defaulted $2.5 million on his 9,441 sq/ft mansion in Fulton County. Though Dupri, 42, tried his best to prevent his mansion from being foreclosed,...

National Mortgage Professional reported on November 13 that U.S. foreclosure activity grew by 15 percent in October. Recent data supplied by RealtyTrac showed that a total of 123,109 homes in the U.S. were in different stages of foreclosure in October, making it the highest monthly recorded since early 2010. Repossessed homes increased by 22 percent...

An October 19 article by the Chicago Defender stated that rap artist and actor DMX paid $250,000 to prevent his Mount Kisco, New York family home from being foreclosed on. The 43-year-old rapper reportedly was sued by Compass Bank last year for failing to settle a mortgage loan worth $500,000 that he borrowed in 2004. The...

A recent report released by RealtyTrac said that nationwide foreclosure activity was the lowest since the U.S. was plagued by the foreclosure crisis, an article by the World Property Channel stated on July 17. Last June, there were 613,874 homes recorded in the U.S. in different stages of foreclosure procedures. The recent data was reportedly lower by...

Fortunately, the U.S. housing industry observed a 1% decrease in foreclosure rates for the month of April, Reuters reported on May 15. Foreclosure activity including bank repossessions, foreclosure notices, and auctions is overall 20% lower than last year, making it the 43rd month in a row that foreclosure activity has been down. Compared to March, last month’s scheduled auctions declined by 3...

RealtyTrac recently reported that the U.S. housing market has recovered considerably since the 2008 economic downturn. This month, the housing market observed the lowest statistics regarding foreclosure activity since 2007. Reports said that since March, lenders acquired nearly 29,000 homes nationwide, which is a 23% decrease compared to previous years before 2007. Factors like increasing...

Recent data from real estate research firm RealtyTrac shows that the number of U.S. homes in foreclosure last month marks the lowest since 2006, Forbes reported on March 13. According to the data from February, at least 112,498 properties nationwide were in various phases of foreclosure proceedings, the lowest number since December 2006. Properties that...

Rapper Earl Simmons, commonly known as DMX, is currently losing his $1 million property in Mount Kisco, New York to foreclosure. Simmons blames his estranged wife for the foreclosure, saying that she didn’t take responsibility for the mortgages, as previously agreed upon. Though DMX hasn’t lived in the property since 2005, he continued paying the...

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