Tag Archives: foreclosure

Foreclosure watch: The 10 most at-risk US cities

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A new report found that 14.7 percent of the 7.6 million mortgages backed by the Federal Housing Administration were delinquent in May. Continue reading →

Long Island man continues 20-year stint in house on just 1 mortgage payment

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Guramrit Hanspal, who hasn’t made a mortgage payment on his home since 1998, avoided another court confrontation — and eviction — in early July. Continue reading →

Lenders granted some leeway to initiate foreclosures

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Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments. Continue reading →

‘It’s time for it to go’: Agents react to end of eviction ban

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A federal judge lifted the eviction moratorium on Wednesday, and Realtors responded with strong feelings on both sides. Continue reading →

What the end of the eviction ban means for landlords and tenants

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Mortgage foreclosure litigation attorney Jason Vanslette shares how the moratorium ruling impacts landlords and property owners — and why waiting to evict may be the smart move. Continue reading →

Homeowners are cashing out equity like it’s 2005

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With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble. Continue reading →

Fears of pandemic-induced foreclosure wave ease

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Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this “bellwether” group have either resumed payment on their loans or paid them off. Continue reading →

Forbearance rate drops for seventh week in a row

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At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading →