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The Latest Breaking News from Foreclosure

‘Ghost homes’ haunt Baltimore’s housing market. City officials think they have a creative solution

Stepping over needles on the sidewalk, Alexander Cruz walked up to the crumbling front stoop of a West Baltimore home. He craned his neck and looked through an open third-story window to see whether the roof had caved in yet.

Tribune News Service

'Zombie Debt': Homeowners face foreclosure on old mortgages

A growing number of homeowners say they are being blindsided by recent foreclosure actions on their homes over second loans that were taken out more than a decade ago

The Independent UK

Is the housing market about to crash? Here’s what experts are saying

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Tribune News Service

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USDA announces $1 billion debt relief for 36,000 farmers

The federal government has announced a program to provide $1.3 billion in debt relief for about 36,000 farmers who have fallen behind on loan payments or face foreclosure

The Independent UK

I was given a house for free – but it already belonged to someone else

When I put the house on the market, I uncovered a story of a Black woman losing her home to municipal greed

The Guardian - US

A disabled veteran has waited eight years for a $1 million settlement from the Air Force

David P. Bighia had hoped to work at Laughlin Air Force Base in Del Rio. Instead, he’s been fighting the Air Force as he faces home foreclosure.

The Texas Tribune

This company pays quick cash to list your home. The catch? A 40-year contract

Several months into the pandemic, Roy Brightwell received an email that he thought might help him get back on his feet.

Tribune News Service

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Bay Area home foreclosures rising after pandemic pause

Home foreclosures are on the rise in the Bay Area after grinding to a halt for most of the pandemic.

Tribune News Service

Couple threatened with foreclosure for feeding ducks near home

Kathleen Rowe reportedly began feeding the ducks near her home to cope with the loss of her only child

The Independent UK

JW Marriott foreclosure auction could be a broader sign of distress for the downtown hospitality industry

CHICAGO — Wells Fargo Bank took control of the 610-room JW Marriott Chicago hotel Friday morning with a winning bid of nearly $251 million during a foreclosure auction.

Chicago Tribune

Housing slump would place greatest stress on Black, Hispanic residents

If the United States enters a recession and housing prices stagnate or fall, homeowners in parts of California, Delaware, Illinois, Indiana and New Jersey are most at risk of owing more than their houses are worth or losing their homes to foreclosure, according to a new analysis.

Tribune News Service

Housing Beat: Mortgage Rates Soar While Housing Starts Drop

It was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock.

Benzinga

Cities support community land trusts to protect affordable housing

As housing prices skyrocket in neighborhoods across the country, some state lawmakers and local officials are turning to a decades-old model for keeping homes affordable: community land trusts.

Tribune News Service

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