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Joe Raedle/Getty Images By Elvina Nawaguna WASHINGTON -- Foreclosure activity across the United States declined last month to the lowest level since July 2006, as banks reclaimed fewer homes ...
Year-end: A total of 3,157,806 foreclosures were filed on 2,330,483 properties during the year, up 81 percent from 2007. More than 1.84 percent of all households were in some stage of foreclosure during 2008, up from 1.03 percent in 2007. [98]
2020 - January 21: Washington reports the United States' first case of COVID-19. Washington would record the nation's first death from the disease the following month. 2021 - June & July: The 2021 Western North America heat wave kills 91 people in Washington, making it the state's second deadliest natural disaster on record. [26]
“Foreclosure floodwaters receded somewhat in 2010 in the nation’s hardest-hit housing markets. Even so, foreclosure levels remained five to 10 times higher than historic norms in most of those hard-hit markets, where deep fault-lines of risk remain and could potentially trigger more waves of foreclosure activity in 2011 and beyond.” [30]
Credit score. Missed mortgage payments. Damage to score. 793. 1 (30 days past-due) 63-83 points. 710. 1 (30 days past-due) 45-65 points. 607. 1 (30 days past-due)
Key takeaways. If you’re facing foreclosure, the right of redemption gives you a legal pathway to keep or regain your home, by paying back the entire outstanding loan, plus interest and fees.
Getty Images By Elvina Nawaguna WASHINGTON -- Foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing ...
October: A foreclosures crisis occurs due to many foreclosures being carried out even without the necessary paper-work being in place, instead relying on "robo-signing" of the legal documents. Many demand that all foreclosures be halted nationwide until the systemic issues of extrajudicial practices have come under control.