Foreclosures in several Southwestern states have already far exceeded those for all of 2005, according to ForeclosureS.com, a Fair Oaks, Calif.-based investment advisory firm.Alexis McGee, president of the firm, said California, Texas, and Colorado have among the highest foreclosure numbers in the nation. In California, foreclosures have reached 117,560, a level that surpasses by 45% the 80,989 filings recorded last year. Texas has recorded 90,620 foreclosures, up 14.7% from 79,012 for all of 2005, and Colorado's foreclosure total has reached 54,959, a 25% increase from 43,951 last year, ForeclosureS.com reported. The company can be found online at http://www.foreclosures.com.
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Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
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Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
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Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
July 16 -
The major government-related secondary-market loan buyer is moving to a new approach that mortgage companies can start transitioning to later this year.
July 16 -
Short-sale transactions increased 4% from 2023 to 2024, nearly 10% from 2024 to 2025 and about 16% annually in the first quarter of this year, according to Realtor.com.
July 16 -
The 30-year fixed rate loan average is at its highest since August, while the 15-year is now above where it was one year ago, Freddie Mac found.
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