In 2023—the same year the Supreme Court’s Tyler ruling made clear that counties can’t keep more than they’re owed when taking properties to collect a tax debt—Michigan counties foreclosed on 2,165 properties.... Read more »
ICE said that the increase largely reflects calendar effects rather than a broad deterioration in borrower performance. Similar calendar-driven increases occurred in 2014, 2008 and 2003, each of which produced larger November... Read more »
The U.S. housing market is showing clear signs of strain, with foreclosure filings increasing year-over-year for the ninth consecutive month, signaling a troubling shift for many homeowners and a potential inflection point... Read more »
A self-proclaimed identity thief based in Nigeria claimed responsibility over the puzzling, and now court-blocked, auction of Elvis Presley’s historic Graceland mansion. The thief sent an email to the New York Times... Read more »
When I began working on this piece, I was told that the mortgage community as a whole—and loss mitigation professionals in particular—would be resistant to the message. But I don’t think that’s... Read more »
With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom, homebuyers may face more challenges heading into... Read more »
TPG Real Estate Capital has unloaded a 2.3-acre multifamily development site in Playa del Rey, just a few months after foreclosing on the property. Kajima USA, the U.S. arm of Tokyo-based construction... Read more »
In January, the number of properties with a foreclosure filing inched up on both a monthly and a yearly basis, according to a report released Tuesday by Attom Data. In total, 33,270... Read more »
The Consumer Financial Protection Bureau (CFPB) on Friday announced that it has reached a settlement with four attorneys and their company, Consumer First Legal Group, over a long-running enforcement case regarding what... Read more »
Thorofare Capital has launched a foreclosure sale for two historic office buildings in Downtown Los Angeles after Livwrk defaulted on a $17.5 million loan. The El Segundo-based lender has listed for sale... Read more »