Settlement

Nearly 5.5 million residential properties were seriously underwater during the first quarter
Nearly 5.5 million residential properties were seriously underwater during the first quarter, up from the 5.4 million level in the fourth quarter of 2016 but lower than the 6.7 million level in the first quarter of 2016, according to new statistics form ATTOM Data Solutions. Seriously underwater... Keep Reading....
The law firm that played a crucial role in helping Wells Fargo foreclosure efforts has filed a lawsuit that blames the lender to contributing to the firm’s closure
The law firm that played a crucial role in helping Wells Fargo foreclosure efforts has filed a lawsuit that blames the lender to contributing to the firm’s closure. According to a Wall Street Journal report, the New Jersey firm Zucker, Goldberg & Ackerman accused the San Francisco-based Wells... more
Approximately 119,000 homeowners kept their residences in August thanks to a non-foreclosure solution
Approximately 119,000 homeowners kept their residences in August thanks to a non-foreclosure solution, according to new data released by HOPE NOW. The total number of solutions—which included total loan modifications, short sales, deeds in-lieu and workout plans—increased by six percent from July... more
Default rates on first mortgages took a slight dip last month while the default rates on second mortgages took an upturn, according to the latest report from the S&P/Experian Consumer Credit Default Indices
Default rates on first mortgages took a slight dip last month while the default rates on second mortgages took an upturn, according to the latest report from the S&P/Experian Consumer Credit Default Indices. During September, first mortgage default rates were recorded at 0.67 percent, down one... more
Last month saw a total of 82,972 properties with foreclosure filings, according to new statistics released by ATTOM Data Solutions
Last month saw a total of 82,972 properties with foreclosure filings, according to new statistics released by ATTOM Data Solutions. September’s data represented a 13 percent drop from August, a 24 percent plummet from one year earlier, and the lowest level of foreclosure activity since December... more