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Homes Millbrae Pages
Tag Archives: Backlogs
Foreclosures fall even as judges ramp up
U.S. foreclosure activity in June fell to the lowest level since December of 2006, but certain states are seeing a rise in activity, as judges work through tremendous backlogs of delinquent loans. Close to 128,000 properties received some kind of … Continue reading
Foreclosures Fall Even as Judges Ramp Up
U.S. foreclosure activity in June fell to the lowest level since December of 2006, but certain states are seeing a rise in activity, as judges work through tremendous backlogs of delinquent loans. Close to 128,000 properties received some kind of … Continue reading
Posted in Real Estate News
Tagged Backlogs, Bank Repossessions, Blomquist, Borrowers, Brisk Sales, Daren, Delinquent Loans, Distressed Properties, Foreclosure Auction, Foreclosure Auctions, Foreclosure Cases, Foreclosure Process, Foreclosure Sales, Foreclosures, Half A Million, homes millbrae, Judicial Foreclosure, New Laws, Opportune Time, Ramp, Spike
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Home Sales at Risk Due to Rising Mortgage Rates
Lengthy loan locks could cost buyers thousands of extra dollars, which on the lower end might not be affordable and could scuttle the deal. While some builders can complete a home in 100 days, labor constraints have been slowing construction … Continue reading
Posted in Real Estate News
Tagged Backlogs, Challenges, Cnbc, David Goldberg, Diana Olick, Drywall Finishers, Facebook, Foreclosures, Framers, Homes For Sale, homes millbrae, Labor Constraints, Locks, Mortgage Loan, Mortgage Rates, Painters, Record Gain, Skilled Labor, Such A Surge, Supply Constraints, Ubs
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Housing Recovery Leaves Some Behind
To add to the delays, now some non-judicial states are seeing a big jump in backlogs due to new state laws that while attempting to safeguard borrowers, are delaying the foreclosure process in general. Nevada instituted a new law criminalizing … Continue reading
Posted in Real Estate News
Tagged Backlog, Backlogs, Bank Repossession, Bill Of Rights, Borrowers, Distressed Loans, Distressed Properties, Foreclosure, Foreclosures, Home Values, homes millbrae, Inventories, Liquidation, Mortgage Delinquencies, New Mortgage, Price Surge, Problem Loans, Processing Services, Rough Winter, Slowdown, State Laws
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Fewer Borrowers Are Behind on Mortgages, but for How Long?
“The declines in the mortgage delinquency rate will likely be muted for the foreseeable futures as the foreclosure process in some states can take more than 1,000 days,” notes Tim Martin, of TransUnion’s financial services business unit. “It is not … Continue reading
Posted in Real Estate News
Tagged Backlogs, Borrowers, Business Unit, Declines, Delinquencies, Delinquency Rate, Financial Services Business, Foreclosure, Futures, Home Builders, Home Loans, homes millbrae, Mortgage Delinquency, Mortgage Payment, Negative Equity, New Laws, Pipeline, Regulatory Rules, States Court, Tim Martin, Transunion
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