Settlement

Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report
Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report. During the third quarter, single-family homes and condos that were flipped yielded an average gross flipping profit of $66,448 per flip, or an average 47.7 percent return... Keep Reading....
New York City’s housing market saw a new record achieved with the priciest foreclosure auction in Big Apple history
New York City’s housing market saw a new record achieved with the priciest foreclosure auction in Big Apple history.   According to a Bloomberg report, the penthouse Unit 79 in the ultra-luxury high-rise One57 sold for $36 million in a foreclosure auction that attracted five deep-pocketed bidders.... more
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter, according to a new report from ATTOM Data Solutions.   During the third quarter, 191,824 properties had foreclosure filings, down 13 percent from the previous quarter and down 35 percent... more
Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse mortgages as compared to the previous seven years, according to Department of Housing and Urban Development (HUD) data received by a Freedom of Information
The government-sponsored enterprises (GSEs) completed 13,845 foreclosure prevention actions in July, according to new data released by the Federal Housing Finance Agency (FHFA).   During July, Fannie Mae and Freddie Mac coordinated 10,217 permanent loan modifications. Approximately 77 percent of... more
Delinquencies in three of the four loan categories related to housing were down in the second quarter
Delinquencies in three of the four loan categories related to housing were down in the second quarter, according to new data from the American Bankers Association (ABA).   Home equity loan delinquencies fell nine basis points (bps) to 2.50 percent of all accounts in the second quarter, while home... more