Foreclosures no Longer the Hot Ticket to Income
Would-be investors buying foreclosed homes at auction and renting them are finding the trough is drying up, as auction prices have risen faster than rents, according to Core Logic, resulting in returns...
View ArticleUnderwater Mortgages Gradually Decrease
Increasingly, more mortgage borrowers are rising to the water’s surface instead of being underwater. According to RealtyTrac, 19 percent of all homes with mortgages were “deeply underwater,” meaning...
View ArticleMore Underwater Property Owners Breathing Air
In the first quarter of 2014 9.1 million U. S. residential properties representing 17 percent of all properties with mortgages were seriously underwater—defined as the loan amount 25 percent higher...
View ArticleForeclosure Filings Edge Up in July
Foreclosure filings, which include default notices, scheduled auctions and bank repossessions increased two percent from June to July, but dropped 16 percent from a year ago, reports...
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