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Foreclosures

What's happening with home foreclosures?

by Justin Ho
Nov 10, 2021
Now that the federal moratorium on foreclosures has been lifted, foreclosures are on the rise, but many are for properties that were already abandoned or vacant.
Foreclosures have been on the rise.
Justin Sullivan/Getty Images
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Foreclosures rise as pandemic protections expire

by Amy Scott
Oct 15, 2021
But filings are still well below historical norms. And analysts are not expecting anything like the foreclosure crisis during the last recession.
A lender-owned home for sale in Rialto, California, in February 2008. While foreclosure rates are currently at historic lows, there's been a jump in recent months as pandemic relief ends.
Robyn Beck/AFP via Getty Images
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Foreclosures are at a record low ... for now

by Amanda Peacher
Jul 15, 2021
But a CDC moratorium on foreclosures is set to end on July 31. Meanwhile, "seriously delinquent" mortgages have nearly doubled from last year.
While foreclosure rates are currently low, nearly 5% of homeowners have “seriously delinquent” unpaid mortgages. Above, the belongings of a person being evicted sit on the lawn in front of their Columbus, Ohio, home in March.
Stephen Zenner via Getty Images
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More homeowners are back to paying their mortgages

by Amy Scott
May 3, 2021
But the recovery has been unequal. Black homeowners are at a higher risk of foreclosure when forbearance rules expire, one nonprofit says.
Despite recent trends, more than 2 million mortgages are still in forbearance.
Chainarong Prasertthai via Getty Images
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COVID-19

Biden extends mortgage forbearance, foreclosure relief programs

by Amy Scott
Feb 17, 2021
Homeowners can request up to six months of additional relief, and the deadline for new applicants is now the end of June.
Saul Loeb/AFP via Getty Images
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Detroit hits pause on tax foreclosures to help homeowners during COVID-19

by Eli Newman
May 13, 2020
Wayne County estimates roughly 10,000 properties were scheduled for tax foreclosure this year, including about 3,200 owner-occupied homes.
Pressing pause on tax foreclosures is a solution to a long-standing problem in Detroit.
Eli Newman
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Shelf Life

Who benefited from America's housing bust?

by Amy Scott and Maria Hollenhorst
Nov 15, 2019
Millions of Americans lost their homes during the foreclosure crisis. Investigative reporter Aaron Glantz wanted to know who got them.
A foreclosed townhouse in Centreville, Virginia, in 2009.
Paul J. Richards/AFP via Getty Images
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For public good, not for profit.

Fall of the Berlin Wall

How Reno, Nevada, turned its economy into a small powerhouse

by David Brancaccio , Rose Conlon , Daniel Shin and Erika Soderstrom
Nov 8, 2019
Mayor Hillary Schieve said playing on the region's strengths and diversifying its economy helped revive the struggling, post-recession city.
A neon sign welcomes people to Reno, Nevada.
Keystone/Getty Images
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In some cities, foreclosures are still on the rise

by Amy Scott
Apr 12, 2019
In cities like Baltimore and Philadelphia, the number of homes in the early stages of foreclosure is higher than it was before the financial crisis.
Foreclosures have been on the rise.
Justin Sullivan/Getty Images
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Divided Decade

One legacy of the housing crisis: risky rent-to-own deals

by Amy Scott
Jul 2, 2018
The contracts often saddle would-be homeowners with expensive taxes and repairs.
The house Maureen Seymour has been trying to buy could be condemned by the city and demolished, along with her $25,000 investment.
Amy Scott/Marketplace
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