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What is Motivating Distressed-Property Investors?
DS News published an article highlighting findings from Auction.com’s Q1 2021 Buyer Insights Report. According to the report, a number of investors who purchased foreclosed homes during this period rehabbed the properties and sold them back to occupants, which in turn prevented eviction.
5 May 2021
Tornadoes Leave Trail of Damage Across Southern States
The Weather Channel published a report detailing several storms in the South that spawned destructive tornadoes and high winds.
4 May 2021
FEMA Declared Disaster Oregon Winter Storm
FEMA issued a Presidential Major Disaster Declaration for areas in Oregon affected by a winter storm that took place February 11-15, 2021.
4 May 2021
CFPB: Rule Supports CDC COVID-19 Eviction Moratorium
CFPB Acting Director Dave Uejio and FTC Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords reminding them of federal protections in place to keep tenants in their homes and stop the spread of COVID-19.
3 May 2021
Several Mississippi Cities Damaged by Reported Tornadoes
The Weather Channel provided updates on thunderstorm activity that spawned a series of tornadoes in southern Mississippi.
3 May 2021
Brush Fire East of Julian, Calif., Burns 5,184 Acres
The Times of San Diego offered the latest on wildfire activity that burned at least three structures in Julian, Calif.
3 May 2021
Florida Abandoned Property Act Would Require Securing Wait Period
Florida House Bill 1393 died in the Insurance & Banking Subcommittee.
30 Apr 2021
FEMA Declared Disaster New Jersey Severe Winter Storm and Snowstorm
FEMA issued a Presidential Major Disaster Declaration for areas in New Jersey affected by a severe winter storm and snowstorm that took place January 31 to February 2.
28 Apr 2021
Storms Spawn Tornadoes in Southern Plains, Deep South
The Weather Channel provided updates on thunderstorm activity that produced tornadoes and flooding in several states.
28 Apr 2021
Connecticut Bill Would Require Permission for Property Preservation
CT HB 6593 would prevent mortgage servicers (and their agents) from securing, preserving or protecting residential properties without the permission of the owner/occupant or a court order, regardless of the terms of the mortgage agreement.
26 Apr 2021
HUD: FHA INFO #21-24: Servicing and Loss Mitigation Webinar
HUD announced the availability of a pre-recorded webinar covering the policy changes and process improvements to the Servicing and Loss Mitigation section of Handbook 4000.1 published on April 19, 2021.
26 Apr 2021
Confirmed Tornadoes Damage Structures in Three States
FOX News published a report providing the latest on thunderstorm activity that spawned at least two tornadoes in Texas.
25 Apr 2021
5-Alarm Fire Spreads to 12 Rowhomes in SW Baltimore
WBAL NBC 11 issued a report covering fire activity that has reportedly burned 12 homes in a Southwest Baltimore neighborhood.
23 Apr 2021
Families Evacuated in Loris After Large Fire Damages Multiple Structures
WBTW CBS 13 published a report providing the latest on wildfire activity that has reportedly damaged structures in Loris, S.C.
21 Apr 2021
FEMA Declared Disaster Tennessee Severe Winter Storms
FEMA issued a Presidential Major Disaster Declaration for areas in Tennessee affected by severe winter storms that took place February 11-19, 2021.
21 Apr 2021
HUD: Updated Servicing and Loss Mitigation Section of Handbook 4000.1
The U.S. Department of Housing and Urban Development (HUD) announced updates to the Servicing and Loss Mitigation section (Section III) of Single Family Housing Policy Handbook 4000.1.
19 Apr 2021