Tag Archives: foreclosed
Banks back foreclosure-to-rental
Investor groups are obtaining big loans to turn foreclosed properties into rentals. Continue reading
Buyer snaps up 645 properties
An auction of foreclosed properties in Michigan ended with a single buyer. Continue reading
Chokeholds on a housing recovery
The housing crisis and resulting drop in home prices has cost $7 trillion in household wealth, according to a statement this month by the Federal Reserve. Despite recent upticks in sales, it’s only projected to get worse unless the increasing supply of… Continue reading
Next president’s to-do list
With the Iowa caucus behind us and the election year in full swing, what’s the No. 1 priority for the next president? According to the results of a survey by Trulia.com, a real estate website, it’s not the housing crisis. Lower unemployment and reducin… Continue reading
The long arm of foreclosure
It’s called a deficiency judgment and it’s a nightmare for former homeowners who thought they were free of a mortgage after the bank foreclosed on their property.
Since foreclosed homes hardly ever sell for an amount that covers the outstanding loan, 4… Continue reading
The long arm of foreclosure
It’s called a deficiency judgment and it’s a nightmare for former homeowners who thought they were free of a mortgage after the bank foreclosed on their property.
Since foreclosed homes hardly ever sell for an amount that covers the outstanding loan, 4… Continue reading
Help solve the housing crisis
Have a few ideas about how to solve the housing crisis you’re just dying to share with the people in charge? Step right up: The Federal Housing Finance Agency, or FHFA, is seeking input on creative solutions to get foreclosed homes off the market and… Continue reading
Is your landlord a hedge fund?
There’s a new type of landlord in town. Instead of the typical mom or pop next-door who will come over to fix the leaking toilet at a moment’s notice, your rent collector could be someone you never meet: a faceless investment company in a town far, fa… Continue reading