January U.S. Overall Delinquency and Foreclosure Rates Lowest in At Least 20 Years The nation’s overall delinquency rate was 4 percent. No state logged an annual gain in its serious delinquency or foreclosure rate; only North Dakota posted a gain in the overall delinquency rate. In January 2019, 4 percent of home mortgages were in [...]
The CoreLogic Loan Performance Insights Report analyzes mortgage performance for all home loans. Based on this report, the serious delinquency rate for September 2018 was 1.5 percent, representing a 0.4 percentage point decline compared with September 2017.[1] Declining unemployment rates and rising home prices have helped to reduce this delinquency rate. This blog explores trends [...]
The nation’s overall delinquency rate... was 4.3 percent. San Francisco had the lowest delinquency rate of the largest metros at 1.5 percent Miami and Houston recorded large year-over-year increases in delinquencies in March. In March 2018, 4.3 percent of home mortgages were in some stage of delinquency, down from 4.4 percent a year earlier and [...]
There has been much publicity, on the national level, of changes to the Dodd-Frank Act. A small part of the amendment that is not getting much publicity, is the fact that the changes made in May 2018 resurrected the Protecting Tenants At Foreclosure Act (“PTFA”). This renewed law will significantly impact those persons buying occupied [...]
By Mark B. Zinman - Williams, Zinman & Parham P.C. If you have ever been to a trustee’s sale, you have likely seen a regular group of investors and bidding companies there. There are very few laws about the sales themselves, and all of the obligations are placed upon the trustee to conduct a bona-fide [...]
Get Down and Dirty with Filthy Riches Homes By Larry Goins Larry Goins spent years perfecting his Filthy Riches approach to real estate. But where are the properties that Larry targets to generate so much personal income? The houses in this program are low-income, distressed, “dog with fleas” homes. They are ugly, unwanted and need [...]