According to recent data released by CoreLogic, many high end homes are undergoing foreclosure procedures even as the overall foreclosure rate continues to improve, The Wall Street Journal stated on March 5.Though overall foreclosure rates at the end of 2014 reduced...
Foreclosure Defense
5 percent increase in U.S. foreclosure rate
Real estate data provider RealtyTrac revealed on February 12 that foreclosed properties in the U.S. climbed by 5 percent over the past month–making it the highest increase in the last 15 months, Business Insurance reported.Daren Blomquist of RealtyTrac stated that...
Ex En Vogue member threatened with foreclosure
Singer Maxine Jones’ may lose her Virginia home to foreclosure after a federal judge allowed her bank to start the procedure, The St. Louis American stated on February 4. The 53-year-old En Vogue ex member reportedly has a debt of $212,000 on her residential property...
Steps to recover from foreclosure
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...
Atlanta rapper’s mansion lost to foreclosure
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...
Increase in nationwide foreclosure activity in October
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...
DMX avoided foreclosure after paying $250,000
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...
Nationwide foreclosure activity the lowest since 2006
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...
U.S. foreclosure activity steadily decreased in the last 8 years
A recent report by real estate firm RealtyTrac stated that there has been a steady decline in foreclosure activity in the last eight years, CNBC reported on June 10.Reports said that in May, banks acquired fewer homes and property owners filed for fewer...
Foreclosure activity across U.S. continues to drop
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%...