Tag Archives: distressed properties

Shorewest Reports: US Banks Pay $8.5 Billion to End Foreclosure Reviews

The U.S. government currently mandates a case-by-case review of housing crisis foreclosures. Because of the large amounts of homes in foreclosure during the recession, it could take months or even years of waiting for courts to process the paperwork. On …
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Tags: Aurora PNC, Bank of America, Citigroup, current housing market, distressed properties, Foreclosure, JPMorgan Chase, MetLife, Mortgage, OCC, shorewest, Shorewest Realtors, Sovereign, SunTrust, U.S. Bank, US Ofice of the Comptroller of the Currency, Wells Fargo, Wisconsin Mortgage, Wisconsin Mortgage Corporation

Categories: Mortgage, Real Estate News

Foreclosures Hit 5-year Low

Foreclosure activity hit a 5-year low in September 2012 according to RealtyTrac, a national resource on distressed properties, with only 180,427 filings for the month. Overall, the numbers were down 7% from August and 16% from September 2011. Last quarter …
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Tags: distressed properties, Foreclosure, foreclosure rates, foreclosures, Real Estate, real estate trends, shorewest, Shorewest Realtors

Categories: Real Estate News