Number of Foreclosure filings declined once Again!

The number of residential foreclosure filings in the U.S. declined by 9 percent from October to November despite a yearly spike in the number of foreclosure starts. According to RealtyTrac’s U.S. Foreclosure Market Report for the month of November 2014 released on Thursday 112,498 foreclosure were filed, including default notices, scheduled auctions and bank repossessions reflecting aContinue

Holiday relief under moratorium on Evictions

Fannie Mae and Freddie Mac announced today a moratorium on evictions for single-family foreclosed homes for the holiday season. The GSEs will not be enforcing evictions from December 17, 2014, until January 2, 2015, for single-family homes that have been foreclosed on, meaning that families living in those homes will be able to continue toContinue

Home sales hit fastest rise in more than a year

Sales of existing-homes rose by 1.5% in October according to the National Association of Realtors (NAR). Last October previously-owned homes reached its highest annual pace of the year as buyers continue to be encouraged by interest rates at lows not seen for a long time. This numbers also represents the first yearly gain since OctoberContinue

Are You Facing Foreclosure? Get ready to get more help!

The Consumer Financial Protection Bureau (CFPB) has recently proposed additional set of measures to expand foreclosure protections for mortgage borrowers. Currently the CFPB continues engaging in the outreach task along with consumer advocacy groups, industry representatives, and other stakeholders to develop additional provisions to protect consumers and make it easier for companies to comply withContinue