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....
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter
Although the national negative equity rate fell to 10.9 percent in the third quarter, down from 13.4 percent a year earlier, 11 percent of homeowners—5.3 million households—are still underwater, according to new data from Zillow. However, negative equity is not even spread among all regions. Zillow... more
To borrow a lyric from Bruce Springsteen, the foreclosure level is “goin’ down, down, down, down.” According to CoreLogic’s October 2016 National Foreclosure Report, the foreclosure inventory declined by 31.5 percent and completed foreclosures declined by 24.9 percent compared since October 2015,... more
Last week, after years of research, I wrote a paper that detailed the urgent need for a refinance for negative equity or “underwater” non-Fannie Mae, non-Freddie Mac first mortgages, second mortgages and home equity lines of credit (HELOC)1 where no refinance option is available. Part I explained... more
There was an October surprise in the housing market: ATTOM Data Solutions reports there was a total of 105,481 U.S. properties with foreclosure filings last month
There was an October surprise in the housing market: ATTOM Data Solutions reports there was a total of 105,481 U.S. properties with foreclosure filings last month, up 27 percent from the previous month. And while this was greatest monthly increase since August 2007, it should be noted that... more