Motor City’s Reverse Mortgage Foreclosure Problem

first_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Previous: First American Title Appoints VP of IT Strategy Next: Quicken Loans Reaches Agreement With U.S. Government Related Articles Detroit Foreclosure Reverse Mortgage 2019-06-14 Seth Welborn Tagged with: Detroit Foreclosure Reverse Mortgage Detroit is one of the leading cities in the nation in reverse mortgage foreclosures, according to reporting from Detroit Free Press. USA Today analysis estimates there has been around 1,884 reverse mortgage foreclosures in Detroit between 2013 and 2017, the highest number in the country.Looking at data from the Department of Housing and Urban Affairs, the Free Press found that urban, African American neighborhoods, such as those in Detroit, were hit particularly hard by reverse mortgage foreclosures. “Many were targeted by reverse mortgage brokers after the recession when money was tight in neighborhoods where credit was traditionally less accessible.”Reverse mortgage foreclosures are not the only foreclosure issues hitting Detroit, but measures are being taken to prevent these foreclosures. According to a recent study from Quicken Loans, property tax foreclosures in Detroit are at a 14-year low. In 2018, 2,920 properties faced property tax foreclosure auction, down from 6,052 in 2017, and far below the peak of 15,000 in 2015.According to the Quicken Loans, the efforts of the Quicken Loans Community Fund and its Neighbor to Neighbor partners led to 4,136 occupied homes being pulled from the Wayne County tax foreclosure auction.“Tens of thousands of Detroit residents have been displaced by property tax foreclosure, and on top of the human impact, many of these homes fall into disrepair and become blighted, perpetuating a harmful cycle that destroys vibrant communities,” said Laura Grannemann, VP of Strategic Investments for the Quicken Loans Community Fund. “By working with community partners, we are stabilizing housing in Detroit, preventing future blight and helping homeowners and occupants find sustainable, long-term solutions for their property tax burdens.”Although outreach programs have helped improve Detroit’s tax foreclosure issues, the city still faces other foreclosure-related challenges. According to GOBankingRates and data from Zillow, 34.4% of homes are currently underwater, and the median home value at the Detroit-Warren-Dearborn metro-area level is $161,300, far below the national median of $226,300. GOBankingRates puts Detroit second on its list of U.S. cities most likely to enter a housing crisis. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago June 14, 2019 3,079 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Postcenter_img in Daily Dose, Featured, Foreclosure, News About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Motor City’s Reverse Mortgage Foreclosure Problem Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Motor City’s Reverse Mortgage Foreclosure Problem Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Amanda L. Peters, 35, Batesville

first_imgAmanda L. Peters, age 35, of Batesville, Indiana and formerly of Austin, Texas died late Friday evening November 16, 2018 at the Waters of Batesville following a brave battle with cancer.Born October 21, 1983 in Batesville, Indiana she is the daughter of Jim & Debbie (Clift) Peters. She was a graduate of Franklin County High School in Brookville. Amanda loved the outdoors and nature, she enjoyed traveling and camping, hiking in the mountains, and fostering animals. She had a warm heart and was a very loving, giving person; and while not blessed with a lengthy life, she was blessed to live it to the fullest! She leaves behind her parents, Jim & Debbie Peters of Batesville, Indiana; a sister, Cristy Grubb (Rickie Kuehn Jr.), and a nephew whom she adored as her own son, Coleton Grubb, all of Batesville, Indiana; her fiancé, Zach Vaughn of Austin, Texas; her grandmothers, Gladys Hignite of Connersville, Indiana and Flora Clift of Shelbyville, Kentucky; as well as many aunts, uncles cousins and friends. In honoring Amanda’s wishes there will be no public visitation or funeral services, but a Celebration of Life will be planned in the coming months.Phillips & Meyers Funeral Home is honored to once again serve the Peters family, to sign the online guest book or send a personal condolence to the family please visit www.phillipsandmeyers.com .last_img read more

Lance Klusener believes Rishabh Pant needs to brush aside his flamboyancy in order to…

first_imgAdvertisement 4pjo72NBA Finals | Brooklyn Vs82ea8Wingsuit rodeo📽Sindre Eeyv( IG: @_aubreyfisher @imraino ) 4oj6xyWould you ever consider trying this?😱8poCan your students do this? 🌚83g1Roller skating! Powered by Firework Rishabh Pant will do well to learn from others’ mistakes rather than make his own, according to former South African all-rounder Lance Klusener. In an interview with the PTI, the 48-year-old said that the left hander’s average of 22.90 in ODIs and 21.57 in T20Is doesn’t do justice to the kind of talent he has. Klusener has seen the youngster’s development closely during his tenure as the bowling coach of the Delhi senior team last year.Advertisement The 1999 World Cup’s Player of the Tournament reckons that the flamboyancy the left-hander possesses along with his reckless shot selection is an indication that he is getting ahead of himself.Advertisement “It would hard for me to pinpoint but with a phenomenal talent like that, one always tends to get a bit ahead of himself,” said Klusener, who is currently touring India with the South African team as their batting coach.“He needs to give himself time to get in and that bit of time will allow him to showcase his talent,” he added.Advertisement The Protea all-rounder who played 49 Tests and 171 ODIs for his side also claimed that it would be great if Pant can soak in advice from all the great seniors in the Indian set-up.“It’s wonderful to have the talent like Rishabh in the twilight years of MS Dhoni’s career. From an Indian point of view, maybe they should try and get him to contribute more. He has some wonderful coaches and players around him so take their advice but at the same time don’t curb your natural talent,” he advised the young keeper. Advertisementlast_img read more