A Spike in Foreclosures is likely coming

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 · It’s a good time to be an American homeowner. Not only has home equity topped $6 trillion, but foreclosures have now dropped to 0.5 percent – their lowest point in more than a decade.

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Foreclosure report for July 2018 with foreclosure starts, completions and scheduled foreclosure auctions at the state, metro, county and zip.

 · Foreclosures in April exceeded even March’s blistering pace with a record 342,038 homes receiving notices of default, auction notices or undergoing bank repossessions, according to a regular.

For Jack McCabe, a Deerfield beach-based real estate consultant who has been warning that the spring would bring a spike in foreclosures. The trend line for foreclosures during the next year is.

""This has resulted in what is likely a temporary slowdown in foreclosure starts that we do not believe is indicative of a longer-term trend. However, we will continue to monitor this activity closely.

How much money can you save by living with your parents? Mortgage Masters Group There will always be things that pull at your household’s purse strings, whether it be buying a house, helping aging parents. how much you need to save each month to reach your financial goals.

 · pequannock township recorded elevated lead levels in its recent drinking water samples. The town buys 40% of its water from Newark, the rest is well water.

Treasury Secretary Steve Mnuchin’s bank dramatically ramped up its foreclosures of homes owned by senior citizens in the months before he joined President Donald Trump’s administration, according to government data newly released under the Freedom of Information Act.. The revelations from the U.S. Department of Housing and Urban Development come as the agency’s auditors released a new.

Instead, the spike in foreclosures was likely caused by last year’s hurricane season. After Hurricane Irma, many banks granted borrowers a forbearance period for several months, but these grace periods are probably all coming to an end this summer, thus contributing to the spike in the number of lis pendens banks have filed.

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The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure. the overall delinquency rate in 42% of states most.

Think you need a boatload of cash to buy a foreclosed home? Think again. There are many ways to finance a foreclosure.

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