Archives For: Industry Updates
ATTOM: April 2021 U.S. Foreclosure Market Report
ATTOM Data Solutions released its April 2021 U.S. Foreclosure Market Report. The report shows that there were a total of 11,810 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions).
11 May 2021
California Wildfire Season Already Off to a Fast Start
The Weather Channel published an article outlining accelerated wildfire activity in California that has burned more than 20 square miles since January 1.
6 May 2021
Federal Judge Overturns Centers for Disease Control Eviction Ban
On May 5, HousingWire published an article outlining a decision by a federal judge to overturn the current CDC national eviction moratorium. According to the ruling, the agency does not have the legal authority to impose a nationwide eviction moratorium.
5 May 2021
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
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
Florida Abandoned Property Act Would Require Securing Wait Period
Florida House Bill 1393 died in the Insurance & Banking Subcommittee.
30 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: 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
HUD: Accelerated Access to Puerto Rico Disaster Relief Funds
The U.S. Department of Housing and Urban Development (HUD) announced the obligation of $8.2 billion in Community Development Block Grant Mitigation funds for Puerto Rico, along with the removal of onerous restrictions unique to Puerto Rico that limited the island’s access to recovery funds that were allocated following Hurricane Maria in September 2017.
19 Apr 2021
Florida Circuit Courts Ordered to Move Pending Foreclosure Cases
DS News published an article authored by McCalla Raymer Leibert Pierce Managing Partner Jane Bond. In it, Bond discusses Amendment 10 of the Comprehensive COVID-19 Emergency Measures for Florida Trial Courts, which was recently issued by the Florida Supreme Court. The amendment mandates that most foreclosure cases will now either be considered a streamlined case or general civil case.
12 Apr 2021