RealtyTrac: 20% of foreclosures remain vacant after owner departs

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Alabama judge denies securitization trustee standing to foreclose In a stunning ruling from the Ninth judicial circuit court of Common Pleas of Charleston, South Carolina, a Judge has issued a detailed, 4-page written opinion dismissing a foreclosure action filed by Deutsche Bank national trust company as the claimed trustee of an IndyMac securitization, holding that DB failed to show that it was the owner.

The City of Oakland Sues Wells Fargo Bank for Discriminatory/Predatory Lending – The city of Oakland, California is the latest municipality to sue one of the nation’s largest banks, accusing Wells Fargo (WFC) of allegedly steering minority borrowers into higher-cost loans, which.

REO-to-rental market quickly becoming asset class #Brexit: Here is the immediate impact on U.S. mortgage and housing finance Increases in short-term nominal rates not matched by contractually set rates on existing mortgages exposed a fundamental weakness in the system of housing finance, namely, the maturity mismatch between long-term mortgage credit and the short-term deposits that commercial banks and thrifts used to finance mortgage lending.REO To Rental Market Emerging As Institutional Asset Class REO To Rental Investment Property The single family rental market has historically been a fragmented market funded with capital from smaller mom and pop type investors.

 · That is, after the lender-owner fixes up the house, pays the closing costs and provides a below market, sub prime loan in appreciation for taking the property off their hands. The foreclosure market can be a great place to find a deal and will remain so for some time to come.

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Home Foreclosure Statistics: For First Time in History. –  · Home Foreclosure Rates: 3 million home foreclosures Possible? According to the Reuters report, U.S. 2010 home foreclosures top 1 mln for first time , that number could have been much higher – topping 3 million, if it had not been for the 4th Quarter fall off which was precipitated by the home foreclosure robosigning scandal .

Georgia | – Source: "RealtyTrac: 20% of foreclosures remain vacant After Owner Departs," HousingWire (June 20, 2013) A very good article and more pictures of what some people do when they leave their home due to foreclosure click here Please help to keep this blog going Let us Sell or help you buy your new home or land. John J. O’Dell Realtor GRI

The latest U.S. foreclosure horror story: Curse of the zombie title – Without disability coverage, he can’t get the liver transplant he needs to stay alive. recently enacted Georgia law that requires banks to register vacant properties only after a foreclosure has.

U.S. foreclosure horror: Curse of the zombie title. –  · The latest U.S. foreclosure horror story: Curse of the zombie title Thousands of Americans are finding themselves legally liable for houses they didn’t know they still owned after.

Items Tagged with 'Land law' – – Twenty percent of foreclosures nationwide sit empty after an owner vacated the premises, representing 167,000 distressed properties across the country, RealtyTrac announced Thursday. While it’s.

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Strategic Foreclosures Test Moralists – CBS News – Strategic Foreclosures Test Moralists.. RealtyTrac said foreclosure filings rose by 15% in January from a year ago, youtube marketing manager departs after a dozen years with Google, citing.