Content about Real property law

July 19, 2012

Numbers released today by the National Association of Realtors (NAR) showed continued gains in existing home prices but a slower market for sales. Completed transactions that include single-family homes, townhomes, condominiums and co-ops declined 5.4% percent in June compared to May. In year-over-year figures, June 2012 was 4.5% higher than June 2011.

Numbers released today by the National Association of Realtors (NAR) showed continued gains in-existing home prices but a slower market for sales. Completed transactions that include single-family homes, townhomes, condominiums and co-ops declined 5.4% in June compared with May. In year-over-year figures, June 2012 was 4.5% higher than June 2011.

May 20, 2012

A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of U.S. homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012.

Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31, 2012 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.

May 18, 2012

A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of U.S. homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012.

Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.

February 2, 2012

In a far-reaching plan that covered everything from foreclosures to new mortgage agreements, President Obama unveiled a “Homeowner Bill of Rights” today that he hopes will speed up the recovery of the housing market and prevent unscrupulous lenders from taking advantage of new home buyers.

December 19, 2011

The state of Nevada has filed a lawsuit against a Florida firm responsible for more than half of the nation’s annual foreclosures, claiming that it defrauded homeowners and turned them out of their houses without due process.

August 23, 2011

Bad news for the housing market was delivered Aug. 22 by the Mortgage Bankers Association, which reported that the percentage of homeowners who have missed at least one mortgage payment on their homes has risen for the second straight quarter. 

July 15, 2011

An article in USA Today points to concerns over uncertainty about foreclosure rules, and their impact on the housing market recovery.

While about one million financially distressed Americans could stay in their homes longer thanks to foreclosure processing delays, but the result for the general housing market could be a delayed recovery, according to the article.

April 4, 2011

The first face-to-face meeting between top bank executives and government officials over irregularities in foreclosure procedures may be followed by months of further negotiations, according to a report in the Los Angeles Times.

January 10, 2011

An article in the Buffalo News reported that 84 Lumber has sold several properties in New York State in lease-back arrangements that will allow the pro dealer to raise cash and continue to operate its existing lumberyards.  

November 12, 2008

U.S. foreclosure filings increased 5 percent from September to 279,561 properties this month -- one...

August 10, 2008

Will Rogers had a great line about Congress. They’re very good at two things:...

May 13, 2008

The April figures are up 4 percent from March, while the former foreclosure record of...

February 26, 2008

The Foreclosure Market Report tracks foreclosure filings -- including default notices, auction sales notices and...

February 12, 2008

The plan will allow overdue homeowners to avoid foreclosures for 30 days while lenders and...

January 29, 2008

The news was grim, particularly in Florida, California, Michigan and Nevada. Still, some states saw...

October 31, 2007

The U.S. Department of Housing and Urban Development said the home builders were illegally using...

September 17, 2007

The rate of foreclosure is highest in Nevada, but California still leads with the highest...

September 9, 2007

Hovnanian posts third-quarter losses; Beazer receives purported default notices....

August 21, 2007

A nonprofit group in California is urging a moratorium on foreclosures....