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.
When the economy falters, real estate foreclosures and related actions (voluntary reconveyances, abandonments) become facts of life.
Completed foreclosures in February reached the highest monthly total since the foreclosure crisis began, soaring by more than 67 percent over January's reduced foreclosures, according to the latest U.
Foreclosures in all five boroughs of New York City decreased by 3 percent between January and February of this year, to 269 from 278 new foreclosures, according to the February foreclosure report from Propertyshark.
Over the next 12 to 36 months, real estate foreclosures are going to substantially increase and we will experience significant property value declines in certain geographic markets of our nation," said Phillip Comeau, an innovative leader in mortgage delinquent loan management, speaking at an annual meeting of the nation's loss mitigation experts at the Five Star Default Servicing Conference, in Dallas, Texas last week.