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Home | News | Foreclosure (page 30)

Foreclosure Rate Falls to Lowest Level Since ’08

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About 1.5 percent of all homes with a mortgage in the United States were in some state of foreclosure in November 2014, the lowest foreclosure rate since March 2008, according to CoreLogic's November 2014 National Foreclosure Report. Foreclosure inventory, which includes homes in any state of foreclosure, plummeted year-over-year in November, falling from 880,000 in November 2013 to 567,000 in November 2014 – a decline of 35.5 percent. November represented the 37th consecutive month in which foreclosure inventory declined year-over-year and the 26th straight month in which the nation's foreclosure inventory saw a double-digit percentage decline.

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Rogers Townsend & Thomas Elects Two Shareholders

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Rogers Townsend & Thomas, a banking, default services, insurance, real estate, construction, corporate, and title services sectors law firm, has announced that default services attorneys Robert P. Davis and Michael L. Spicer have been elected Shareholders in the firm.

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Ohio Lawmakers Plan to Re-Introduce Foreclosure Expedition Bill

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Ohio state lawmakers plan to re-introduce a bill that would expedite the foreclosure process on residential homes and reduce the amount of time properties sit vacant, according to Ohio State Representative Cheryl Grossman. The bill, known as Ohio HB 223, was originally introduced into the Ohio House by Grossman, a Republican (the bill's primary sponsor), and Representative Michael Curtin, a Democrat, in June 2013.

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Foreclosure Completions, Starts on GSE Loans Continue Steady Decline

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Both foreclosure completions and foreclosure starts on Fannie Mae and Freddie Mac loans continued their steady decline in the third quarter, according to the Federal Housing Finance Agency (FHFA)'s Q3 Foreclosure Prevention Report released Monday. The GSEs completed 39,100 foreclosures in Q3, down 9 percent from the 43,000 that were completed in Q2, according to the report.

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