foreclosure · Federal Title & Escrow Company

D.C. foreclosure moratorium surprises title industry

Written by Guest on November 22, 2010.

Last week, the DC City Council enacted “Saving DC Homes from Foreclosure Emergency Amendment Act of 2010” (the “Act”). The Act will be effective for 90 days but may be extended by permanent legislation. The Act was...

Study: Math deficiencies increase foreclosure risk

Written by Guest on June 15, 2010.

I’m thinking back to the countless hours spent scratching my head in math class asking myself, “When am I ever going to use this stuff in real life?” A new study out of Columbia University is attempting to provide at least...

REO buyers have right to select the closing and title company

Written by Guest on April 7, 2010.

Although many REO purchase and sale contracts provided by REO lenders designate a closing and title company, many REO buyers are not aware that the REO lender cannot require, as a condition of sale, that the buyer purchase title insurance...

Could a short-sale boom end the foreclosure crisis?

Written by Guest on March 29, 2010.

The federal Home Affordable Foreclosure Alternatives program goes into effect next week, and some mortgage industry professionals anticipate it will spur a short-sale “boom” that could help ease the pains of a distressed property...

REO property inventory on the rise?

Written by Guest on March 22, 2010.

Make him (or her) an REO offer he (or she) can’t refuse

Written by Guest on March 19, 2010.

A Real Estate Owned (REO) property is a property held by a mortgage lender or bank due to an unsuccessful foreclosure auction. In other words, the prior owner defaulted on the loan; the lender instituted a foreclosure proceeding; the foreclosure...

Lender incentives in new HAFA program may expedite short sales

Written by Guest on March 15, 2010.

Lenders are coming to grips with the fact that short sales will remain a part of the housing market for the next 24 to 36 months, the Wall Street Journal reports. For lenders and mortgage brokers interested in the Home Affordable Foreclosure...

Short sales, foreclosures and taxes … oh my!

Written by Guest on March 10, 2010.

In the light of the current residential real estate market, short sales and foreclosures in Florida are becoming more commonplace. As with standard real estate transactions, taxes play a large part in the closing process when it comes to...

‘Strategic default’ on the rise

Written by Guest on March 9, 2010.

At a time when one in four homeowners is underwater, and 2 million more Americans have gone through foreclosure, the thought of defaulting on a loan is becoming less taboo. In fact, many homeowners are taking a cue from high-profile investors,...

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Tag: foreclosure

D.C. foreclosure moratorium surprises title industry

Study: Math deficiencies increase foreclosure risk

REO buyers have right to select the closing and title company

Could a short-sale boom end the foreclosure crisis?

REO property inventory on the rise?

Make him (or her) an REO offer he (or she) can’t refuse

Lender incentives in new HAFA program may expedite short sales

Short sales, foreclosures and taxes … oh my!

‘Strategic default’ on the rise

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The HELOC scam is a bigger threat during COVID-19 pandemic

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