Skip to comments.While Foreclosure Rates Fall to 6-Year Low, Many States See Increase
Posted on 01/16/2014 4:26:35 PM PST by ilovesarah2012
Foreclosure filings dropped in December, ending a year in which the number of homes in the foreclosure process dropped to the lowest level since 2007 as the housing market rebounds.
Default, auction, and repossession notices last month fell 1% from the previous month and 28% from the previous year, according to a RealtyTrac report released on Wednesday. Nearly 1.36 million properties received a foreclosure notice last year, a 26% drop from 2012 and 53% from the peak in 2010 during which 2.9 million properties received notice.
Foreclosures remain elevated in many states, particularly Florida, Nevada, and Michigan, but the numbers have been declining steadily as the economy and housing market picks up steam from rising home prices, steady job growth, and fewer troubled loans from the housing bubble days. More homeowners are also keeping up with mortgage payments.
(Excerpt) Read more at usfinancepost.com ...
Obama Administration Pushing For Banks To Modify Millions Of Mortgages To Settle Foreclosure Claims
A year later we get a check for $600 as compensation to the wrongful action of Chase Bank. They did nothing wrong in our case. We had a mortgage. The home's value plummetted from when we bought it in 2008. We lost the 20% down equity and coughed up another $8,000 to make sure it was a fair deal to all.
Why did I get $600 for any wrongful action from Chase?
Chase to Refund $2M in “Mistakes”
This was for veterans. Don’t know why you got $600.
How many are “in process” limbo?
Have one next to me like this for over 3 years.