REO

Mortgage Contracting Services will acquire Carrington Home Solutions' property preservation division in a deal expected to close by the end of the year.

The vast majority of default servicing professionals are investing in "significant" REO property improvements to increase resale values in a hot housing market.

Karen Stratton doesn't cry often. But the Spokane, Wash., councilwoman teared up last week as she looked out on the High Drive Conservation Area from her late aunt's home on South Maple Boulevard.

The numbers tantalize leery minds: Housing prices, population growth and job creation in Southern Nevada all rebounded from the Great Recession over the past few years.

Distressed home sales in the North Port-Sarasota-Bradenton, Fla., metropolitan area during the third quarter accounted for 11% of the residential real estate market.

The Lone Star Brewery in San Antonio was supposed to be buzzing with construction workers and equipment by now — after sitting vacant for decades.

As is the case with most communities across Western New York, Lockport has its share of "zombie" properties.

Ocwen Financial Corp. will move its servicing portfolio to Black Knight's LoanSphere MSP system of record, following years of regulatory scrutiny of its existing technology provided by Altisource Portfolio Solutions.

Aside from shutting off water to Detroit residents, no public policy draws so much criticism as the annual Wayne County auction of tax-foreclosed properties.

There's a handful of zombies out there threatening to wreck your neighborhood or at least create a frightful landscaping nightmare next door.