foreclosure


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  • noun

Words related to foreclosure

the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default

References in periodicals archive ?
Other states with foreclosure rates ranking among the nation's 10 highest were Michigan, Arizona, Georgia, Ohio, Colorado, Texas and Indiana.
On a per household basis, Miami had a concerning 523% more properties scheduled for foreclosure per household during the quarter than New York City, 179% more per household than Seattle, and 150% more per household than Los Angeles.
foreclosure activity has been relatively flat over the last few months.
Luckily, she lives in California, which was the first state to enact extensive laws addressing foreclosure equity-stripping fraud.
households, the highest foreclosure rate reported last year, the company said.
Through the partnership, the Shavers took part in Neighbor-Works' Foreclosure Prevention Program.
Income-producing property not subject to basis-reducing depreciation (for example, undeveloped land) may have an adjusted tax basis that exceeds the outstanding debt at the reconveyance, foreclosure or abandonment date.
The foreclosure attorneys at Consumer Action Law Group have successfully saved hundreds of homes from foreclosure.
For some observers, the increase in both foreclosure starts and sales may sound like bad news.
While these factors undoubtedly play a role in driving foreclosure rates higher, another variable is often overlooked, namely, the length of time properties typically remain in foreclosure.
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.
Despite the efforts to stem foreclosures by government and many banks, the hopeful signs of the last quarter of 2008 and January didn't follow through in February," says Alexis McGee, foreclosure expert, educator, and author.
NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its January 2015 National Foreclosure Report which shows that the foreclosure inventory declined 33.
According to RealtyTrac's US Foreclosure Market Report, New Jersey ranks 16th in the nation with nearly 1,000 homes in pre-foreclosure and New York jumped from 23rd in July to 19th in the nation in August, currently with over 10,000 homes ready to foreclose.
Last month the Los Angeles metro area had one property in some stage of the foreclosure process for every 4,242 households, less than half the national rate, the company said.