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Recent News
Treasury Reinstates HAMP Incentives
The Treasury Department says servicers participating in the Home Affordable Modification Program (HAMP) are getting better at evaluating homeowners for the program...
Read More > Florida foreclosure streamlining closer to reality
Fourteen Democrats joined 80 Republicans in the Florida House of Representatives on Wednesday to pass a bill aimed at streamlining the foreclosure process. The 94-17 bipartisan vote comes after two months of protests from a committed group of activists, many of them foreclosure defendants who say the bill limits their ability to defend their cases...
Read More > Short sales rising - 24% of Q4 2011 sales were foreclosures
During the three months that ended December 31, homes that were either bank-owned or going through the foreclosure process accounted for 24% of all home sales, up from 20% in the previous quarter and down only slightly from a year earlier when foreclosures accounted for 26% of sales, RealtyTrac said. In total, 204,080 distressed properties were purchased during the fourth quarter, down 2% from the year-ago quarter....
Read More > Senate committee approves statewide guidelines for foreclosures
The Banking and Finance Committee voted 5-2 in favor of sending the substitute to House Bill 110 to a full vote, which could happen as soon as this week. According to the proposal, the bill would authorize cities and counties to create foreclosure registries that would have statewide requirements....
Read More > Foreclosures down, short sales up in 2011
While data on the number of loans either seriously delinquent or in the foreclosure process suggested that an increase in the number of residential properties lost to foreclosure this year was a “slam dunk,” incoming...
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