...servicers from initiating or proceeding with foreclosure and foreclosure-related eviction actions for FHA-insured single-family forward and reverse mortgages, except for those secured by legally vacant and abandoned properties. The FHA...
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...NFR also offers specialized services including business verification inspections, comprehensive insurance loss draft inspections of properties that have suffered an insurable loss, REO services, violation management, vacant property registrations, foreclosure...
Read More »Pressure Mounts on Landlords to Sell Their Properties
...the pandemic. The combination of non-paying tenants and vacant units has created great financial stress on landlords, with 31% of survey respondents admitting they felt more pressure to sell their...
Read More »What Could Each VP Candidate Mean for Housing?
...of legislature in 2015 that took some responsibility off of banks from having to maintain their foreclosed properties and also eased the process of declaring vacant properties. According to realtor.com,...
Read More »FHA, Fannie, and Freddie Extend Eviction and Foreclosure Bans
...impacted by the COVID-19 national emergency may request mortgage assistance by contacting their mortgage servicer Foreclosure-related activities (except as to vacant or abandoned properties) and evictions of occupants from real...
Read More »Keys to NPL Investment in a Turbulent Economy
...the properties are vacant and borrowers deceased—was postponed as COVID-19 came to a head. From mid-March till June, the non-QM mortgage market collapsed and fix-and-flip lenders starting seeing increased defaults...
Read More »State of Market: Mortgage Apps, Pending Sales & Homeownership
...vacant for sale units was $205,600, while the median asking monthly rent for vacant rental units was $1,033. The homeowner vacancy rate was 0.9% and the national vacancy rates for...
Read More »$1.5T Moving Forward Act Features Housing, Land-Use Policy Packages
...as well as the creation of a Neighborhood Investment Credit— the purpose for which will be to subsidize rehabilitation of vacant homes and new construction on vacant properties. H.R. 2...
Read More »Assisting Cost-Burdened Households
...vacant properties; in practice, most grantees used NSP funds either to acquire and rehabilitate properties or demolish vacant structures. The program initially targeted single-family homes, which accounted for most foreclosures....
Read More »Provisions Announced For Borrowers in Forbearance
...families.” The FHA announced that it would halt all new foreclosure actions and suspend all foreclosure actions currently in process, excluding legally vacant or abandoned properties. Also, the Administration will...
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