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Taking Foreclosures Beyond Judicial and Non-Judicial Actions

Appraisal Buzz

Non-Uniform Foreclosures was inspired by a discussion on the rise in reverse mortgages being referred to foreclosure, as well as the processes for completing a foreclosure on tribal lands. Prepared by the Legal League Special Initiatives Working Group (SIWG), Non-Uniform Foreclosures was written by Jennifer Rogers Esq.

Legal 435
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9 savvy strategies to get more real estate referrals

Housing Wire

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Instead of giving up the business, the referring agent introduces the potential client to another real estate agent who is better positioned to help them.

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‘Gray tsunami’ comes to South Carolina, testing local resources

Housing Wire

In the realm of housing, the term “ silver tsunami ” often refers to the idea that older homeowners will aim to downsize and sell their homes, theoretically flooding the market with new inventory. Such a scenario has not occurred and analysts, including HousingWire ’s Logan Mohtashami , doubt it ever will.

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Younger homebuyers have concerns over AI’s role in the mortgage process

Housing Wire

Moskver referred to a key result in the survey indicating that homebuyers still want human assistance despite a growing desire for more tech. “They want the ease and efficiency of automated platforms and a borrower-friendly user interface, but they are still relying on loan officer involvement,“ Moskver said in a statement.

Mortgage 455
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Senate Passes Trigger Leads Measure

Appraisal Buzz

When a consumer applies for a mortgage, credit bureaus are notified that the consumer is interested in financing, which is referred to as a trigger lead. Senate has announced the passage of the bipartisan Homebuyers Privacy Protection Act (S. 3502) , a measure that will ban trigger leads except in limited circumstances.

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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

The homeowner submitted a complaint to the HUD, which concluded that the defendants violated the Fair Housing Act , and referred the matter to the DOJ. After she complained to Rocket Mortgage, the company canceled her refinance application. This is the second appraisal bias case involving a top-10 lender and a powerful regulator.

Appraisal 511
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Foreclosure filings rose in October. Could this trend continue in 2025?

Housing Wire

Foreclosure starts — which refer to lenders that have started the process but have yet to repossess the home — tell the same story, albeit from another angle. Cleveland (one in 2,186) and Fresno, California (one in 2,247) followed close behind. Indianapolis (one in 2,293) and Las Vegas (one in 2,314) rounded out the top five.