Foreclosures and Home Improvement

Miami Ranks High for New Foreclosure Listings and Market Supply Growth

Florida

By Elias DaSilva | September 11, 2024. Miami ranks fourth among the top 50 U.S. metros for new foreclosure listings and third for an increase in months’ supply, according to the April National Housing Report by RE/MAX. Miami experienced a 31.2% year-over-year rise in new inventory, growing from 9,555 to 12,540 homes. This increase contributed […]

PHA Takes Control of Brith Sholom Apartments in Philadelphia

Foreclosure Market

By Elias DaSilva | September 11, 2024. Now, a striking sign from the Philadelphia Housing Authority (PHA) can be seen at Brith Sholom House, a towering 12-story property consisting of 360 affordable senior housing units in Wynnefield Heights. Recently, the PHA took control of the complex through a $24 million agreement approved by the courts […]

Legislators in Colorado study two bills on HOA foreclosures

Colorado

By Elias DaSilva | September 11, 2024. Thanks to the two bills being studied in Colorado by legislators, which seek to reform foreclosure practices by HOAs (Homeowners Associations), homeowners may have relief from financial pressure when facing the foreclosure of their homes. The bill being studied in the House of Representatives includes several main points: […]

Newsom Plans Cuts to California’s $500 Million Anti-Foreclosure Fund for Tenants

California

By Elias DaSilva | September 11, 2024. A program aimed at preserving existing affordable housing is under scrutiny before the state has spent any of the nearly $500 million allocated for it. In 2021, California established the Foreclosure Intervention Housing Preservation Program (FIHPP), a $485 million initiative funded through 2027, as the economic fallout from […]