The number of foreclosure auctions conducted is expected to increase 24% in 2023 from the previous year, representing a gradual rise as pandemic-related moratoriums expire, Auction.com said. The online marketplace predicted 104,000 completed property sales this year,...
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that, thanks to Federal Housing Administration (FHA) programs, approximately 2 million homeowners with FHA mortgages were able to stay in their...
Rose Prophete sits outside on the steps of her brick townhouse, Thursday, July 28, 2022, in the Brooklyn borough of New York. Prophete, a hospital technician who immigrated from Haiti in February 2000, was blindsided with a foreclosure action on the home she worked...
Sizing the backlog and when it will hit the housing market is important because those distressed sales represent both opportunity and potential risk for real estate investors. Foreclosure prevention efforts during the COVID-19 pandemic helped prevent a tsunami of...
