Category Archives: Foreclosures

Flex Modification replaces HAMP

Thanks goes to “DSNEWS” for the following information:: While HAMP [Home Affordable Modification Program] is set to expire in 3-weeks, Fannie Mae has a new product to assist families with their mortgage payments – Flex Modification.  This program was created to help families stay in their homes and avoid foreclosures whenever possible.  The program is…

Foreclosures declining – 1.3% in PA

The number of available foreclosures across the country is declining.  Great for the economy, not so great for the flipper.  But there still are good deals to be had.  With a little hard work and due diligence, you and I can still make money in this market.  Even though flipping might be getting more difficult,…

Foreclosure Inventory Dropping Rapidly

Inventory of foreclosures in 2015 dropped significantly over the previous year end totals, according to Black Knight Financial Services.  The decline of 22% represented approx 192,000 properties.  The number of delinquent loans also declined by about 425,000 properties. The number of properties 90 or more days late [but not in foreclosure yet] also dropped approx…

Foreclosure Inventory Dropping

Anyone interested in foreclosures, the available deals are dropping.  According to CoreLogic’s Nov 2015 National Foreclosure Report, the number of homes in some state of the foreclosure process is now 1/3 of what it was 5 years ago.  The number of completed foreclosures was also down in November. While certain areas still have high foreclosure…

Foreclosures on the decline….

Good news, foreclosures are on the decline.   According to CoreLogic, approximately 1.1 million homes in the U.S. were in some stage of foreclosure in March, down 23 percent from March 2012 when 1.5 million homes were in foreclosure. In March, an estimated 55,000 homes completed the foreclosure process, down 16 percent from a year…