Q1 Foreclosure Activity Fueled by New Starts and Auctions

first_img Related Articles Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. in Daily Dose, Featured, Foreclosure, Headlines, News The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago April 9, 2014 702 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago A rise in foreclosure starts and auctions caused an increase in U.S. foreclosure activity in March, up 4.0 percent from the previous month. The U.S. Foreclosure Market Report released by RealtyTrac reported approximately 117,000 foreclosure filings for the month, down 23 percent from March 2013.Foreclosure starts increased by 7.0 percent on a month-over-month basis, and foreclosure auctions increased monthly by 6.0 percent, fueling the larger foreclosure activity numbers for the month.The report found that the average time to complete a foreclosure rose to 572 days nationwide, a 1.0 percent increase from the previous quarter’s average of 564 days. However, the average time to complete a foreclosure is still up 20 percent from the first quarter of 2013, when the average completion time was 477 days.Foreclosure activity is the lowest it has been since the second quarter of 2007. Approximately 341,000 U.S. properties had a foreclosure notice in Q1 2014, down 3 percent from the previous quarter and down 23 percent from Q1 2013.1 in every 385 U.S. housing units had a foreclosure filing in the first quarter.”Now that the foreclosure deluge has dried up, banks are turning their attention back to properties that have been sitting in foreclosure limbo for some time,” said Daren Blomquist, VP at RealtyTrac.Repossessed properties were approximately 28,000 for the month. March’s figure represents a 5 percent drop from the previous month. Repossessed properties on a year-over-year basis fell 34 percent—an 80-month low and the lowest level since July 2007.”Banks will also now be able to devote more resources to dealing with the lingering inventory of nearly half a million already-foreclosed homes that still need to be sold,” Blomquist added. “Our estimates indicate only 10 percent of these bank-owned properties are listed for sale and more than half are still occupied by the former homeowner or tenant.”In addition to foreclosure data, RealtyTrac also provided an update of occupied REOs, which the company describes as “bank-owned properties still occupied after the completed foreclosure.”Of the roughly 259,000 bank-owned properties with available owner-occupancy data, and out of a total of approximately 483,000 bank-owned homes nationwide, 51 percent were still occupied by the former homeowner or a tenant.The average time to sell a bank-owned property increased by 34 percent to 226 days, up from 168 days in Q1 of 2013.States with above-average time to sell REOs included Texas (347 days), Michigan (342 days), Minnesota (313 days), Colorado (305 days), and Georgia (276 days).Florida was first in foreclosure activity by state, followed by Maryland, Nevada, and Illinois. Previous: FDIC: Community Banks Remain Resilient Amid Industry Consolidation Next: DS News Webcast: Thursday 4/10/2014 Data Provider Black Knight to Acquire Top of Mind 2 days ago Q1 Foreclosure Activity Fueled by New Starts and Auctions The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save About Author: Colin Robins Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Foreclosure Foreclosure Auctions RealtyTrac REO REO-occupied Sign up for DS News Daily Foreclosure Foreclosure Auctions RealtyTrac REO REO-occupied 2014-04-09 Colin Robins Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Q1 Foreclosure Activity Fueled by New Starts and Auctions The Best Markets For Residential Property Investors 2 days ago  Print This Post Subscribelast_img read more

Honduras Launches Annual Civil-Military Action Program

first_imgBy Kay Valle/Diálogo March 26, 2018 The Honduran Armed Forces began their annual civil-military action program on February 4, 2018, with two simultaneous medical mega-brigades in the north and central regions of the country. Various institutions, universities, local authorities, and personnel from the Department of Health participated in the humanitarian aid that covered more than half of Honduras. Almost 69,000 people from the departments of Cortés, Atlántida, Yoro, Colón, Francisco Morazán, and Comayagua benefitted from the development assistance campaign. Residents of isolated, rural communities, who lack healthcare services and other resources, received medical care, preventive medicine consultations, and supplies. Some 400 Honduran Armed Forces troops, both medical and military personnel, participated in the mega-brigades to serve the population. A total of 900 volunteers, including more than 100 general practitioners and specialists, also joined the humanitarian mission. “The coordination is at the institutional level, for which there is specialized personnel, and strategic alliances were established with public and private institutions, including some universities,” Honduran Navy Captain José Domingo Meza, director of public relations for the Armed Forces, told Diálogo. “To designate an area where a medical brigade will go, the main factor we take into account is poverty level.” Mental and physical health Adults, children, and senior citizens stood in long lines starting early in the morning to be seen by personnel comprising general practitioners and specialists such as gastroenterologists; ear, nose, and throat specialists; dermatologists; dentists, and other health professionals. In addition to medical consultations, dental care, lab tests, and free medications, patients received donations of clothes, blankets, school supplies, and food. “Every member of the Armed Forces served people from different social strata with a great deal of dedication,” Capt. Meza said. “[They served them] without prejudice, including children, the elderly, and people with physical disabilities.” More than medical aid, the brigades give the people a welcome break from the difficulties of daily life. From entertainment for the youngest ones, with areas for games, piñatas, and sweets, to recreational activities for adults such as music and dancing, the day turns into a festival when brigades arrive. “Our presence is something that contributes to emotional health, and, in a way, it represents an economical gain for the town’s residents, since it not only promotes physical health, but also patients’ mental health,” said to Diálogo Captain Lester E. Uclés, a dentist from the Honduran Armed Forces Military Hospital headquartered in Tegucigalpa. “While some people receive medical care and medications, others have some good, clean fun.” Patients also benefited from personal grooming, with haircuts and hair dyes for women. The Armed Forces also offered legal support through consultations using available resources to help resolve different problems. “The military personnel is welcomed with tokens of affection and gratitude, which are reflected in the high levels of trust that the population demonstrates,” Capt. Meza said. Basic support According to the Pan American Health Organization’s report Health in the Americas+ 2017, and the latest available figures, 65 percent of Honduran households lived below the poverty line in 2013, with 43 percent in extreme poverty. The report also highlights viral infections transmitted by mosquitos (dengue, chikugunya, and zika) and the prevalence of diabetes and high blood pressure, which reaffirms the importance of the annual brigades. “Residents’ health is directly proportional to how remote the city is,” Capt. Uclés explained. “The more remote the place, the worse their health is.” Capt. Meza emphasized the military’s role in the brigades. “Their contribution is significant,” he said. “The military personnel visit hard-to-reach places where it would be difficult to meet these needs any other way.” With the launch of the 2018 mega-brigades, the Armed Forces wish to provide medical aid to more than a million individuals in need, with 136 brigades in various regions around the country. In 2017, 1.1 million people received help through 131 brigades. “I joined the brigades in 2006. My multiple visits to the country’s rural communities changed my perspective. The brigades are welcomed with gratitude and are valued by the townspeople,” Capt. Uclés concluded. “Getting close to the people this way is incredibly rewarding, something that money cannot buy. For me, a weekend in a brigade is not a sacrifice, it’s a pleasure.”last_img read more

Booking.com has opened applications for the Booking Heroes competition about travel experiences

first_imgBooking.com will receive nominations on Facebook and Instagram until November 25, 2019, and the winners will be announced in early 2020. The “Booking Heroes” competition celebrates the extraordinary hospitality of accommodation providers who offer their guests more than just a bed to rest. When they share their story, guests have the opportunity to win 25.000 euros that they can spend on Booking.com – for themselves and for their “Booking Hero”. Source / photo: Booking.com Booking.com, announced the holding of the third “Booking Heroes” competition, which invites its users to share with the world the story of the accommodation provider that made their trip unforgettable. One exceptional “Booking hero” and the guest who nominated him will win 25.000 euros each, which they can spend on Booking.com, and two more guests and the heroes who nominated him will win 5000 euros each.center_img In order to nominate their “Booking Hero” and participate in the competition, Booking.com travelers simply need to share their story on Facebook or Instagram by November 25, 2019 and include the following information: Where they stayed on their Booking.com trip , the role of their “Booking hero” in the accommodation facility, how their “Booking hero” exceeded all expectations and the hashtag #BookingHero and #contest, and if they post on Instagram, they should make sure that their profile is public and mark the post with @bookingc . “At Booking.com we know that travel is more than just accommodation. The people you meet along the way are an integral part of creating memorable experiences“, Said Arjan Dijk, Vice President and Head of Marketing at Booking.com. “I am thrilled by the inspiring stories that guests share in this competition and I am immensely proud of the work that our partners put in to provide their guests with exceptional experiences. They are a mirror of hospitality at its best and I can’t wait to see who our next ‘Booking Heroes’ areHe added More information and all the terms and conditions of the competition can be found HERE.last_img read more

Syracuse men’s soccer to host North Carolina in Sweet 16

first_img Published on November 20, 2016 at 9:56 pm Contact Matthew: [email protected] | @MatthewGut21 No. 8 seed Syracuse will host No. 9 seed North Carolina on Sunday, Nov. 27 at 2 p.m. at SU Soccer Stadium in the NCAA tournament Sweet 16. Should the Orange (12-3-4, 3-2-3 Atlantic Coast) win, it will host an Elite Eight game against unseeded Creighton or Providence, which advanced past No. 1 Maryland.In its first game in two weeks, SU beat Dartmouth, 3-0, Sunday afternoon. Sergio Camargo tallied two goals and an assist after an early Chris Nanco score to dominate the Big Green and keep its season alive past Thanksgiving for the third consecutive year. The Orange had fallen to Clemson on penalty kicks in the ACC tournament two weeks earlier.UNC (12-3-3, 5-1-2) beat Florida Gulf Coast, 2-1, in double overtime to get a date with Syracuse. The Tar Heels have won only two of their last five games. SU played UNC to a scoreless tie at home in September.Barring the defeat at the hands Clemson in penalty kicks, which is recorded as a tie, the Orange has not lost since Oct. 7, a seven-game span. During that stretch, SU has tied three top-10 teams and beaten a top-15 team. The College Cup, soccer’s version of the Final Four, is Dec. 9 and 11. Comments AdvertisementThis is placeholder text Facebook Twitter Google+last_img read more