Page 12 - Attom Data News Today

New Jersey is trying to make it easier for family members or low-income buyers to purchase foreclosed homes, removing barriers during sheriff’s sales.

New Jersey is trying to make it easier for family members or low-income buyers to purchase foreclosed homes, removing barriers during sheriff’s sales.

Numbers have fallen on a consecutive quarter and 12-month basis in half of all states but are likely to increase following the gradual end to the federal foreclosure ban, according to Attom Data Solutions.

Plus, labor shortages give unions and workers leverage, foreclosures are rising but still below pre-pandemic levels, and more.

The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels.

Following the federal moratorium’s end, the number jumped, marking the highest quarterly growth on record, according to Attom Data Solutions.

Antique-hunters can rejoice, as the pandemic seems to have triggered a wave of decluttering—and in turn, unleashed a treasure trove of hidden gems. Stay in ...

REGISTER NOW Ocwen Financial and its subsidiary PHH Mortgage on Monday were reviewing allegations that they had not completed foreclosures in a timely manner on 18 abandoned properties in New York, the top state for so-called “zombie” real estate issues. Albany, Schenectady and Troy have coordinated legal actions against Ocwen and PHH under New York’s zombie property law, according to a press statement posted online July 28. Under the law, a civil penalty up to $500 may be issued for eac...

D-FW home sellers score record profits In the first quarter of 2021, Dallas-Fort Worth sellers on average cleared an average profit of $94,571, and Austin gains were even higher. D-FW home sellers cleared an average $94,571 in the first quarter.(Steve Brown ) Of course, they’ll need all that extra money to buy another home. In the first quarter of 2021, Dallas-Fort Worth sellers cleared an average profit of $94,571 from local home sales, setting a record. That’s a 22.8% year-over-year incre...

39.7% 39.6% Options for Distressed Homeowners With Negative Equity Today’s homeowners are benefiting from the red-hot housing market, which is sending property values through the roof. On average, homeowners across the country scored a $26,000 bump in home equity in 2020, according to CoreLogic. Depending on where you lived, those gains were substantially higher—California, Idaho and Washington averaged $50,000 in home equity increases annually. Meanwhile, states like North Dakota, Iowa and...