Fast-Track Foreclosures and Fighting Urban Blight

first_imgHome / Daily Dose / Fast-Track Foreclosures and Fighting Urban Blight Tagged with: Foreclosure NCST Servicers Urban Blight Vacant Property zombie homes Sign up for DS News Daily Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, News Foreclosure NCST Servicers Urban Blight Vacant Property zombie homes 2018-08-20 Krista Franks Brock Previous: Last Line of Defense: Claims Management Next: Why Housing Worries Keep Americans Up at Night The Week Ahead: Nearing the Forbearance Exit 2 days ago Fast-Track Foreclosures and Fighting Urban Blight Demand Propels Home Prices Upward 2 days ago Share 1Save  Print This Post Servicers Navigate the Post-Pandemic World 2 days agocenter_img About Author: Krista Franks Brock Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago In response to the foreclosure crisis in 2008, a number of states enacted or considered enacting “fast track” foreclosure processes as a way to bring vacant properties to market quicker and ease neighborhood blight. The National Community Stabilization Trust (NCST), a nonprofit organization focused on restoring vacant properties, attempted to review the efficacy of such laws but was unable to reach a conclusion. “Given the lack of empirical data, we cannot at this time reach a strong conclusion regarding either the advantages or disadvantages of expedited foreclosure processes,” NCST said in its report, titled “Fast Track Foreclosure Laws: Not a Silver Bullet for Fighting Blight.” The nonprofit explained that there was insufficient data to truly examine “fast track” proceedings in various states “either because some states do not specifically track data on motion filings and foreclosure timelines or because this data is not publicly available.” Based on the available data and anecdotal evidence from interviews conducted in four states, the NCST concluded that even where “fast track” foreclosures were available, the option was rarely taken.Under current law, many abandoned properties are subject to the same lengthy foreclosure process as occupied ones, resulting in extended vacancy and other considerable problems. However, mortgage servicers and the housing industry is moving towards addressing the problem of vacant residential property through a discussion on policies that can standardize procedures, definitions, and industry best practices for vacant and abandoned properties.In a white paper on this issue, the National Mortgage Servicing Association (NMSA) had called for an industry-wide discussion on such policies and was in part developed with input from several NMSA member organizations including Wells Fargo, Bank of America, BankUnited, Selene Finance, and others.“Vacant and abandoned properties is a complex and difficult issue that is detrimental to surrounding homeowners and communities,” said Ray Barbone, EVP, BankUnited EVP and Chairman of the National Mortgage Servicers Association (NMSA) upon the release of the white paper. “The issue is evidenced by recent legislation in Ohio and Maryland. However, the industry remains challenged in protecting those impacted due to inconsistent and disparate definitions and guidelines relative to such properties.”In its report, the NCST did offer a few recommendations for policymakers attempting to address the issues of vacant properties and urban blight. First, they believe that any statutes regarding expedited foreclosures should require the collection of data to determine efficacy and impact. The group also suggests policymakers “more effectively engage consumer, neighborhood, and housing advocacy groups in the legislative process.” Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 20, 2018 2,509 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

American Psycho’s Jennifer Damiano Is Broadway.com’s Latest Vlogger

first_imgJennifer Damiano Show Closed This production ended its run on June 5, 2016 Related Shows View Commentscenter_img American Psycho American Psycho’s Jennifer Damiano is next in line to vlog for Brooadway.com! Stay on guard for Killing Time: Backstage at American Psycho with Jennifer Damiano.Damiano, who plays Jean (played by Chloë Sevigny in the 2000 film), will capture the excitement of the new musical behind the scenes and beyond at the Gerald Schoenfeld Theatre. Expect plenty of appearances from her castmates, including Benjamin Walker, former Next to Normal co-star Alice Ripley, Heléne Yorke, Drew Moerlein and more.After making her Broadway debut in the original cast of Spring Awakening, Damiano received a Tony nod for her performance as Natalie in Next to Normal and went on to originate the role of Mary Jane in Spider-Man: Turn Off the Dark.Look out for Killing Time beginning March 17; it will run every Thursday for eight weeks.last_img read more

Nothing doing… Bluestem buries Belle Plaine 50-14… Oxford no luck with Udall.. South Haven loses big

first_imgby Tracy McCue, Sumner Newscow — For three Sumner County teams, it was a rough night.Belle Plaine would lose to Bluestem on its homecoming 50-14. At one point it was 42-0 in the third quarter. Tough loss for the Dragons, who were hoping to get a W against the other winless team. The Dragons fall to 0-3 while Bluestem improves to 1-2.In another game, that on paper before the game it looked like it would be closer, Udall drilled Oxford 54-6. The game was close for a quarter with Udall leading 8-0 after one. The Eagles then scored five touchdowns and led 40-0 at the end of the second quarter. Oxford’s lone touchdown came on a Smith to Vaughn 16-yard touchdown throw in the the third quarter.South Haven was a loser to Cedar Vale-Dexter 40-6.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more