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Foreclosure Trends | Housing Trends | Housing Professional

Foreclosures in 2024: Key Insights and Regional Highlights

January 28th, 2025

Discover key insights on 2024 foreclosure trends, with national and regional highlights sourced from ATTOM. Learn how foreclosures decreased by 10% year-over-year, while states like Florida, New Jersey, and Nevada saw the highest foreclosure rates. Explore data on credit quality, rising home prices, and the impact on foreclosure activity, providing valuable takeaways for housing professionals and industry experts.

Foreclosure Trends | Housing Professional

CFPB Proposes New Rules to Help Homeowners Avoid Foreclosure

November 21st, 2024

The CFPB proposed new mortgage servicing rules to prioritize borrower assistance over foreclosure, streamline loss mitigation processes, and improve communication. Key changes include limiting fees during reviews, simplifying applications, and requiring clear, multilingual notices. Aimed at reducing preventable foreclosures and enhancing transparency, the rules may take effect by late 2025 or early 2026, pending finalization.

Foreclosure Trends | Housing Trends | Housing Professional

2024 Foreclosure Rate Update

September 26th, 2024

The August 2024 foreclosure report shows a slight decline in US foreclosure activity, with 30,227 filings nationwide. Key states like Nevada, Florida, and Illinois lead in foreclosure rates. The second half of the report provides detailed data on foreclosure trends in states served by BlueHub SUN, including Connecticut, Illinois, and Delaware.

Foreclosure Trends | Housing Trends | Housing Professional

The State of US Housing Market in Spring 2024: What's in store for buyers and sellers?

March 28th, 2024

Spring 2024 U.S. housing market: Mortgage rates dip, boosting optimism. Inventory rises with Fed's rate cut plans, amidst high home values and affordability challenges. Opportunities emerge for buyers and sellers in a shifting market landscape.

Foreclosure Trends | Homeowner

State-by-State Guide on How Long it Takes to Foreclose on a House

January 29th, 2024

The timeline for foreclosing on a house varies significantly depending on state-specific legal frameworks and regulations. In some jurisdictions, the foreclosure process can be relatively quick, concluding in just a few months. In others, however, it might extend well over a year. Learn the expected duration of a foreclosure processes in the states that SUN serves.

Foreclosure Trends | Homeowner | Housing Professional

Case Studies: How SUN Helped Two Families Refinance Out of Foreclosure

January 25th, 2024

BlueHub SUN's unique approach to aiding homeowners in financial distress, offers solutions where traditional lenders may not. Lauren Taylor, a single mother, was saved from losing her home to a balloon payment through a timely loan from SUN. Kevin Russell, a single father, avoided eviction and increased his home equity with SUN's refinance loan.