Real estate - Minimize Risk of Foreclosure by Preventing Mortgage Fraud
One of the risks in real estate investments is landing on a mortgage fraud. There are several reputable mortgage providers around but lengthy documents become sources of misunderstandings and could even increase risk of foreclosure. Before signing, read first on the following advices of attorneys Jeff Hogue and Jonathan Kurniadi … hud foreclosures
Location: Acworth Foreclosure, Cobb - GA, Address: Brookstone Dr Nw, Zipcode: 30101, Code: 5072782, Style: Other, Bed/Baths: / , Price: $189,999.00 hud foreclosures
Foreclosure activity was up 5 percent from the previous month and 25 percent from a year ago in October, but it might have been up much more if not for recent state legislation that has at least temporarily lowered the number of new initial foreclosure notices in some states.
The RealtyTrac U.S. Foreclosure Market Report released Thursday shows that Notices of Default in California sunk 44 percent from a year ago in October. A new California law that took effect in early September requires lenders to provide homeowners an extra 30-day notice before filing a Notice of Default. While California has had the most impact on the national numbers because of its size, other state foreclosure trends that were headed upward have taken a sharp turn down after legislation designed to extend or forestall the foreclosure process was passed.
Below are three graphs using a 90-day rolling average of RealtyTrac numbers. Each month’s average is based on the total for that month and the totals for the month before and the month after. So the most recent rolling average available is for September.
The foreclosure trend in California abruptly stopped its upward climb after the new law took effect in September while the upward foreclosure trend in Florida has continued.
Foreclosure trends in Maryland and Massachusetts both switched directions after new legislation forestalling foreclosure took effect, although the trend recently started heading back up.
Colorado foreclosure activity began a steady downward decline in January, after a new law extending the foreclosure process took effect. A similar trend began more recently in New York.
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