The 6 Phases of Foreclosure

Know and understand the six key steps.
Financial Advisor

Foreclosure Shock: Five States Emerge As Epicenter Of Growing U.S. Housing Plight

From Florida condos to Midwestern cities, a sharp rise in home seizures signals mounting strain on American homeowners.
HousingWire

Trade groups want these reforms to reduce property tax foreclosures

Unpaid property tax debts are leading to preventable foreclosures, with the greatest impacts on Black and Latino households and older homeowners living on fixed incomes. But if states take proactive ...

Understanding Other Real Estate Owned (OREO) in Banking

Other Real Estate Owned is a bank accounting term that refers to real estate owned by a bank that is not directly related to ...
International

Foreclosure Filings in U.S. Spike 34 Percent Annually in Q3

Based on new data from ATTOM's Q3 2023 U.S. Foreclosure Market Report, there were a total of 124,539 U.S. properties with foreclosure filings --default notices, scheduled auctions or bank ...