Shadow Inventory Drops Below 2 Million Units

Completed Foreclosures Up in May 

The number of completed foreclosures in the U.S. was up slightly in May compared to April; however, the foreclosure inventory was down.  The foreclosure inventory is the number of homes in process of foreclosure.  The completed number increased by 3.5%; or 2,000 more foreclosures compared to April. 


Foreclosures Up in 32 States

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There were a total of 327,258 foreclosure filings in the third quarter of 2015 according to a recent report.

The annual increase in the third quarter was the second consecutive quarter where US foreclosure activity rose on a year-over-year basis following 19 consecutive quarters of year-over-year [...]

Trump to Allow Delay on Mortgage Payments and Foreclosures

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Good news for all borrowers! The Trump administration will allow delays in mortgage payments for all low-income households in America suffering by the coronavirus side effect, economical crisis.