REO

The share of abandoned homes by their owners continues to drop at a faster pace than the overall foreclosure rate, totaling half of what they were three years ago, Attom Data Solutions said.

A West Philadelphia real estate developer who bribed a city official to get an inside track on sheriff's sales was sentenced to serve one month in federal prison, followed by nine months of home confinement.

A more sustainable approach to home flipping is a responsible one that benefits not just real estate investors, but also the neighborhood, local economy and even the eventual resident.

Foreclosure activity dropped 18% in the first half of 2019 compared to a year ago, continuing an 11-quarter streak of sitting below prerecession levels, according to Attom Data Solutions.

Mortgage servicers are getting better at helping borrowers avoid foreclosure, as evidenced by a declining auction rate, which was also supported by healthy home equity levels, according to Auction.com.

The Western states are the most likely to experience an increase in distressed loan activity in the second half of 2019, a survey of mortgage servicers by Auction.com found.

House flipping is back in a big way in Ohio, driven by low home prices and strong demand for the finished product.

Completed foreclosures shot down 50% in May from the year before, with overall activity also declining by 22% during the same period, according to Attom Data Solutions.

Economic strength bolstered the performance of loans included in commercial mortgage-backed securities with delinquencies improving for the seventh consecutive quarter, according to the Mortgage Bankers Association.

The use of financing to buy fix and flip properties increased 35% annually by dollar volume to its highest level in nearly 12 years, according to Attom Data Solutions.