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Home | Tag Archives: Foreclosures

Tag Archives: Foreclosures

Foreclosure Completions Skyrocket While Inventory Plummets


The number of completed foreclosures surged from 37,000 in August up to 55,000 in September, an increase of 49.5 percent, largely due to an annual public auctioning of thousands of tax-foreclosed properties in Wayne County, Michigan, where Detroit is the county seat, according to CoreLogic. By comparison, foreclosure completions averaged about 21,000 per month in the pre-recession years from 2000 to 2006.

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Foreclosures Are Declining, But So Are Foreclosure Prevention Actions


In August 2015, the GSEs completed 17,806 foreclosure prevention actions, over half of which (11,382) were permanent loan modifications. August’s total included both home retention actions and home forfeiture actions and brought the total of foreclosure prevention actions completed by the GSEs to 3,578,227 since the conservatorships began in September 2008.

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What to Remember When Buying an REO Property


REO sales are down by 80 percent from their peak six years ago, but there are still plenty of affordable buying opportunities for homebuyers, according to a commentary by Chris Bowden, Freddie Mac's SVP of HomeSteps, the GSE's real estate sales unit.

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