Archives For: COVID-19
Oregon Bill Reinstates COVID-19 Foreclosure Moratorium
Oregon HB 2009 has been signed by Governor Kate Brown. The bill will reinstate the state’s moratorium on foreclosures until at least June 30, 2021.
1 Jun 2021
ATTOM: Zombie Foreclosures Increase in Second Quarter 2021
ATTOM Data Solutions issued its Q2 2021 Vacant Property and Zombie Foreclosure Report. According to its findings, 1.4 (1,409,457) million residential properties in the U.S. are currently vacant.
27 May 2021
Concerns Grow as Foreclosure Moratoria Date Nears
DS News published an article outlining a recent analysis performed by QuoteWizard that shows increasing homeowner and renter concern as end dates for national foreclosure/eviction moratoria continue to approach.
24 May 2021
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
HUD: FHA INFO #21-28: COVID-19 Loss Mitigation Option Review
The U.S. Department of Housing and Urban Development (HUD) issued a release providing clarification on when it is appropriate to begin reviewing borrowers for COVID-19 loss mitigation options.
7 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 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
Urban Institute: Streamlined Home Refinancing Program Potential Benefits
The Urban Institute published a blog post reflecting on the success of the Home Affordable Refinance Program (HARP) and exploring how the introduction of a similar program could help borrowers today.
8 Apr 2021