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Former football player Terrell Owens may lose home to foreclosure

Posted on August 26th, 2015 No Comments

Former football player Terrell Owens may lose home to foreclosure

A report from Realty Today stated that ex NFL player Terrell Owens could lose his property in San Fernando Valley after defaulting on his mortgage and acquiring a debt of over $900,000. Owens reportedly failed to pay $905,417.06 in mortgage debt for his property on Sherman Oaks since buying it in January 2014. Owens was […]

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Report: US foreclosure activity considered the lowest since 2006

Posted on April 6th, 2015 No Comments

Report: US foreclosure activity considered the lowest since 2006

Data collected in February by real estate firm RealtyTrac revealed that homes in various parts of the foreclosure process have decreased in number by 4% since the month before and a full 9% from this time last year, Realty Biz News reported on March 23. There were 101,938 houses nationwide in different stages of foreclosure […]

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U.S. felt a 5% foreclosure rate increase in January

Posted on February 25th, 2015 No Comments

U.S. felt a 5% foreclosure rate increase in January

A 5 percent foreclosure rate increase was felt in the U.S. last month according to real estate data provider RealtyTrac, a February 12 Business Insider article stated. RealtyTrac said that last month’s increase was fueled by a recent jump in houses repossessed by banks; 37,292 properties have been repossessed nationwide. The number of homes headed […]

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Foreclosure looms for ex En Vogue singer

Posted on February 10th, 2015 No Comments

Foreclosure looms for ex En Vogue singer

Former En Vogue singer Maxine Jones may lose her house in Virginia to foreclosure after a federal judge permitted her bank to start the procedure, a February 4 article of The St. Louis American stated. According to reports, the 53-year-old R&B singer missed paying her mortgage for two months late last year. On December 18 […]

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Tips on recovering from foreclosure

Posted on February 3rd, 2015 No Comments

Tips on recovering from foreclosure

Fox News offered some tips on January 23 about how to recover after experiencing the stressful process of foreclosure. • After a foreclosure, people may initially improve their credit by using it responsibly enough to impress potential lenders. Homeowners with high credit scores before foreclosure may struggle more to get their credit back to their previous point. Despite […]

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15% rise in foreclosure activity in October

Posted on December 3rd, 2014 No Comments

15% rise in foreclosure activity in October

An increase of 15 percent in foreclosure filings was observed nationwide last month, an article of the National Mortgage Professional stated on November 13. According to real estate information firm RealtyTrac though a foreclosure rise was felt last month, the numbers is still reduced by 8 percent compared to year 2013. Last October there were […]

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Rapper paid $250K to avoid foreclosure

Posted on October 27th, 2014 No Comments

Rapper paid $250K to avoid foreclosure

American rap artist DMX settled $250,000 with Compass Bank to save his Mount Kisco home from foreclosure, the Chicago Defender reported on October 19. The rapper, whose real name is Earl Simmons, 43, made the settlement in response to a lawsuit filed against him by Compass Bank. DMX was sued by the bank in 2013 for […]

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Decrease in U.S. foreclosure activity

Posted on July 31st, 2014 No Comments

Decrease in U.S. foreclosure activity

A mid-year report recently released by RealtyTrac observed a nationwide decrease in foreclosure rates–now at the lowest numbers seen since 2006, World Property Channel reported on July 17. Recent recorded foreclosure activities for the year’s first half, such as bank repossessions, default notices, and scheduled auctions in the U.S., totaled 613,874, a 23 percent decrease compared to the […]

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Burt Reynolds’ Florida home threatened by foreclosure

Posted on June 11th, 2014 No Comments

Burt Reynolds’ Florida home threatened by foreclosure

American actor Burt Reynolds’ Florida home is threatened by foreclosure, FOX News reported on May 28. In a court hearing held at a Martin County court on May 27, the foreclosure lawsuit filed by the Bank of America in regards to the 78-year-old actor’s was allowed to proceed, despite Reynolds’ request that the case be dismissed. Reynolds […]

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Ohio has 8th highest foreclosure rates in U.S.

Posted on May 30th, 2014 No Comments

Ohio has 8th highest foreclosure rates in U.S.

A recent real estate report has revealed that Ohio has the 8th highest foreclosure rates in the U.S., Dayton Business Journal reported on May 16. Data reveals that in April, at least one out of every 750 homes in Ohio were in some stage of foreclosure procedure. Overall, the U.S.’s foreclosure activity for April reportedly […]

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