foreclosure

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foreclosure

The depriving of the right to a property by legal transfer of title, esp. because of failure to maintain mortgage payments.
References in periodicals archive ?
While national foreclosure inventory levels have remained steady for the past 14 months, the pipeline showed increased activity in January (see Figure 1).
April 09 Foreclosure Report by Property Shark April 09 Foreclosure Report by Property Shark Stuart Publish at Scribd or explore others:
In this Commentary, we explain how the foreclosure rate captures two distinct features of the foreclosure process--the flow of new foreclosures and the length of time it takes foreclosures to transit out of the foreclosure process.
In NYC, 17 of the top 20 zip codes for foreclosures were in Queens and Brooklyn.
With 12,506 properties entering some stage of foreclosure, California foreclosures increased nearly 25 percent from the previous month, and the state's foreclosure rate -- one new foreclosure filing for every 977 households -- registered slightly above the national average for the third month in a row.
The increase in foreclosures and equity-stripping scams is actually rooted in the sharp rise of subprime loans to Blacks and Latinos.
California reported 7,674 properties entering some stage of foreclosure, a 27 percent increase and the third most new foreclosures reported by any state in December.
For example, a foreclosure may have different tax ramifications than a sale by the debtor with the cash proceeds being paid to the lender to satisfy the debt.
This article reviews the tax provisions of voluntary reconveyances, foreclosures and abandonments of property as well as the tax consequences of the most common loan workout types.
In February, 121,756 new foreclosures were completed, up from 72,694 in January, which had seen a 26 percent drop from December's 97,841 foreclosures.
Brooklyn foreclosures dropped by 77 percent between February 2008 and February 2009, to 12 foreclosures from 53.
The states of New York and New Jersey rank in the top 20 states in the nation with the highest foreclosures.