Category Archives: foreclosures

Montgomery County foreclosure rate plummets in March

Posted on April 18, 2012 by ilovedeepcreeklakerealestate

Montgomery had the second-lowest rate in the state by Gazette Staff The rate of home foreclosure filings in Montgomery County last month plunged 39.9 percent from February and 44.8 percent from March 2011, according to data in a new report … Continue reading →

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Foreclosure sales remain major market segment in Maryland

Posted on August 28, 2011 by ilovedeepcreeklakerealestate

Foreclosure sales remain major market segment in Maryland Average discount is more than 40 percent by C. Benjamin Ford, Staff Writer More News About 23.5 percent of all homes sold in Maryland in the second quarter were in some stage … Continue reading →

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U.S. foreclosures fall in July -RealtyTrac

Posted on August 11, 2011 by ilovedeepcreeklakerealestate

NEW YORK | Thu Aug 11, 2011 12:01am EDT NEW YORK Aug 11 (Reuters) – The number of U.S. homes that received foreclosures filings fell to a near four year low in July, a survey said on Thursday. Notice of … Continue reading →

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>Foreclosure sales dip for second straight month

Posted on July 12, 2011 by ilovedeepcreeklakerealestate

>Monday, July 11th, 2011, 10:10 am Mortgage servicers completed 68,000 foreclosure sales on the courthouse steps in May, down 7% from the previous month and the second straight month of declines, according to the Hope Now alliance of insurers, counselors … Continue reading →

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>Emergency Mortgage Assistance (EMA) Program

Posted on June 22, 2011 by ilovedeepcreeklakerealestate

>The Maryland Department of Housing and Community Development (DHCD) has received funding from the U.S. Department of Housing and Urban Development (HUD) through their Emergency Homeowner Loan Program. The Emergency Mortgage Assistance (EMA) program is designed to assist homeowners who … Continue reading →

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>Borrowers unhappy with Obama mortgage plan: study

Posted on June 1, 2011 by ilovedeepcreeklakerealestate

>WASHINGTON | Thu May 26, 2011 5:25pm EDT WASHINGTON (Reuters) – Struggling homeowners seeking help from the Obama administration’s foreclosure prevention program have in many cases had negative experiences, a congressional report said on Thursday. Three-fourths of the some 400 … Continue reading →

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NewsWatch: Foreclosure sales drop in third quarter

Posted on December 3, 2010 by ilovedeepcreeklakerealestate

The number of foreclosure sales in Maryland in the third quarter dropped 47.6 percent from the second quarter and 17.0 percent from the third quarter of 2009, according to new data from RealtyTrac of Irvine, Calif. A total of 2,338 … Continue reading →

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Don’t underestimate foreclosure crisis, watchdog to warn

Posted on November 16, 2010 by ilovedeepcreeklakerealestate

By Brady Dennis and Ariana Eunjung ChaWashington Post Staff Writers Tuesday, November 16, 2010; 12:09 AM A congressional oversight panel is set to warn on Tuesday that a widespread problem of flawed and fraudulent foreclosure paperwork could upend the housing … Continue reading →

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U.S. urges lenders to vet foreclosures but keep process moving

Posted on October 14, 2010 by ilovedeepcreeklakerealestate

From the Washington Post:Zachary A. Goldfarb and Ariana Eunjung ChaWednesday, October 13, 2010; 4:35 PM Federal regulators on Wednesday urged the nation’s lenders to verify that paperwork filed as part of the foreclosure process was properly reviewed and to file … Continue reading →

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Banks repossess homes at record pace: RealtyTrac

Posted on July 19, 2010 by admin

By Lynn Adler NEW YORK | Thu Jul 15, 2010 11:59am EDT NEW YORK (Reuters) – Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, … Continue reading →

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