‘Zombie Debt’: Homeowners face foreclosure on old mortgages

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 and Timing the Pandemic Backlog of Foreclosures

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...