By Elias DaSilva | September 13, 2024. Life Tower, a towering 19-story structure near the medical center, along with its parking facility, is on the brink of being auctioned. Another Houston property is on the foreclosure listings with the city due to a developer’s failure to meet a substantial loan obligation. This time, it’s Life […]
By Elias DaSilva | September 13, 2024. In Detroit, Michigan, new entrepreneurs in the real estate sector specializing in foreclosed properties, most of whom are backed by investments from local residents, are driving a trend where more foreclosed homes are becoming occupied. Previously, this market was dominated by limited liability companies, not even based in […]
By Elias DaSilva | September 12, 2024. In Seattle and Washington State, most foreclosures are conducted out of court through a trustee sale. Because this process is not overseen by the court, trustees must strictly comply with Washington’s Deed of Trust Act when managing foreclosures. Foreclosure Fairness Act With the introduction of the Foreclosure Fairness […]
By Elias DaSilva | September 12, 2024. A representative of the New Mexico Mortgage Finance Authority fears that the number of mortgage loans ending in foreclosure could double by 2024. Last year, he argues, out of 13,000 properties managed, 36 families experienced foreclosure, and their homes were subsequently sold to new buyers. He attributes this […]
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