Real estate blog entries tagged with foreclosure by Denice Thompson Neddo (Portland Vancouver Homes)

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Home : Blogs : Denice Thompson Neddo : Portland - Vancouver Home, Real Estate and Area Information Resource : Tag "foreclosure"

foreclosure: Lawsuits Coming...Some Foreclosure Proceedings Halted - 10/05/10 05:17 PM

Foreclosure proceedings come under fire
Mortgage industry heavyweights slow pace of properties entering REO pipeline
In response to the recent "robo-signing scandal," JP Morgan Chase and Co., put 56,000 foreclosure filings on hold last week, following similar actions by Ally Bank (formerly GMAC Mortgage) in 23 states, including Illinois, Florida, New York and Ohio.
This temporary crackdown on the part of various states attorney generals is due to allegations that tens of thousands of foreclosure documents were essentially "rubber stamped" or signed without adequate review or scrutiny. Among the state officials who have initiated investigations, IllinoisAttorney General Lisa Madigan has … (0 comments)

foreclosure: The Short Sale Tsunami is Headed Our Way - 01/17/09 05:25 PM

The wave has only just begun. Option ARMs are still very toxic to the real estate market today. Delinquencies are rising rapidly. HOPE Now data from early January 2009 revealed that delinquencies rose to a new record, 4.9%.
Despite the efforts of servicers and institutions to modify loans, the modifications fall short. None of the lenders out there are reducing the principal owed on the loans. Therefore, the houses that are worth way less than what is owed on them are headed for foreclosure or short sale.
There is a huge possibility that 2009 will be far worse than 2008. The distressed inventory … (0 comments)

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Denice Thompson Neddo

Portland, OR

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Portland Vancouver Homes

Address: Portland, OR , Vancouver, WA

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