On average, home owners in foreclosure can stay in their homes for over a year before they are evicted. In the first quarter of this year, the foreclosure process nationwide averaged 370 days to complete — that’s up from 348 days in the previous quarter and the lengthiest average since 2007, according to RealtyTrac. While […]
Foreclosure
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February Foreclosure Activity Trends Down after January Surge
After a sharp increase in January, foreclosure starts and sales have reverse direction and resumed the steady decline they began in mid-fall. The February Mortgage Monitor Report published by Lender Processing Servicers (LPS) showed foreclosure starts down 15 percent from January to 172,602, 15.4 percent lower than during the same period in 2011. Foreclosure sales decreased 19 […]
Utah Foreclosure Rate Ranks in Top Five
While Nevada continues to have the highest foreclosure rate, Utah also ranks in the top five, according to recent data from RealtyTrac. States With The Highest Foreclosure Rate: Nevada: 6 percent (1 in 16 housing units received at least one foreclosure filing in 2011) Arizona: 4.14 percent (or 1 in 24) California: 3.19 percent (or […]
Guess What? Your Bank Would Rather Not Foreclose!
Can The Bank Seek Money From Me After A Short Sale Or Foreclosure?
Major Banks Stop Foreclosures During Holidays
Mortgage servicers such as Fannie Mae, Freddie Mac, and other large home loan companies are spreading some Christmas love by pledging not to foreclosure and evict delinquent homeowners during Christmas time. Other Participating Mortgage Companies Include: Chase Mortgage Wells Fargo Bank of America Some Local Banks and Lenders This Christmas gift of sorts will affect […]