Archives For: foreclosure
HUD: FHA INFO #18-20: 90-Day Conditional Extension of Foreclosure Moratorium for Areas Affected by Hurricane Maria in Puerto Rico and the U.S. Virgin Islands
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #18-20.
16 May 2018
FHFA: Foreclosure Prevention Report – February 2018
The Federal Housing Finance Agency (FHFA) issued its February 2018 Foreclosure Prevention Report.
10 May 2018
Expedited Foreclosure Process Bill Introduced in New Jersey
NJ A3823 (Concerns expedited process for foreclosing vacant and abandoned residential properties in uncontested actions) has been changed to A2085 for the current session and remains in the Assembly Housing and Community Development Committee. An identical Senate bill, S1243, is a carryover of S1832 from the previous session and is pending in the Senate Community and Urban Affairs Committee.
30 Apr 2018
Future is Uncertain for State’s Groundbreaking Foreclosure Mediation Program
The Hartford Courant published an article discussing CT HB 5495 (An Act removing the sunset date for the Foreclosure Mediation Program).
26 Apr 2018
Maryland Foreclosure Procedure Bill Approved by Governor
MD HB 78 was signed into law by Governor Larry Hogan on April 24, 2018. The bill will require the Department of Labor, Licensing, and Regulation to establish procedures that require a foreclosure purchaser to submit to the Foreclosed Property Registry any change to certain information within 21 days after the change is known to the purchaser.
24 Apr 2018
Washington Bills Take Aim at Abandoned Properties
HB 2057 (An act relating to the services and processes available when residential real property is abandoned or in foreclosure) was signed by Governor Jay Inslee on March 28, 2018.
28 Mar 2018
Securing Foreclosure Protections for Veterans
DS News published an article outlining passed legislation designed to help protect military servicemembers and their families from foreclosure.
17 Mar 2018
Reforming the FHA?s Foreclosure and Conveyance Processes
The Urban Institute’s Housing Finance Policy Center Mortgage Servicing Collaborative released a report addressing how Federal Housing Administration (FHA) foreclosure and conveyance processes can be changed to bring down costs and create efficiencies.
28 Feb 2018
Oyster Bay Bans Use of Plywood to Cover ?Zombie? Houses
Newsday published an article discussing a new ordinance adopted by the Town of Oyster Bay, New York, that bans the use of plywood for boarding up foreclosed homes and mandates the use of clear, impact resistant polycarbonate. Additionally, the legislation requires a $25,000 bond on residential vacant properties that have had a “foreclosure action” commenced, without a requirement to register the property with the municipality.
18 Feb 2018
Pertinent Bills Advance in Massachusetts
Two Pieces of proposed legislation associated with foreclosure and abandoned property registration have been updated in the Massachusetts Legislature.
8 Feb 2018