Investor groups are obtaining big loans to turn foreclosed properties into rentals.
An auction of foreclosed properties in Michigan ended with a single buyer.
The housing crisis and resulting drop in home prices has cost $7 trillion in household wealth, according to a statement this month by the Federal Reserve. Despite recent upticks in sales, it’s only projected to get worse unless the increasing supply of foreclosed properties is removed from the market and more homeowners are prevented from
With the Iowa caucus behind us and the election year in full swing, what’s the No. 1 priority for the next president? According to the results of a survey by Trulia.com, a real estate website, it’s not the housing crisis. Lower unemployment and reducing the federal deficit come first. But when asked about housing policy, respondents
It’s called a deficiency judgment and it’s a nightmare for former homeowners who thought they were free of a mortgage after the bank foreclosed on their property. Since foreclosed homes hardly ever sell for an amount that covers the outstanding loan, 41 states plus the District of Columbia allow lenders to sue the homeowners for
Have a few ideas about how to solve the housing crisis you’re just dying to share with the people in charge? Step right up: The Federal Housing Finance Agency, or FHFA, is seeking input on creative solutions to get foreclosed homes off the market and has joined with the U.S. Department of Housing and Urban Development, or
There’s a new type of landlord in town. Instead of the typical mom or pop next-door who will come over to fix the leaking toilet at a moment’s notice, your rent collector could be someone you never meet: a faceless investment company in a town far, far away. There are a number of players snapping up