DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/441572
130 a combined total of about $40 million in taxes, according to Szymanski. Borrowers must meet certain requirements to be eligible for Step Forward, such as they must own and live in the home, they must be pursuant to a deed, and they must have experienced a financial hardship that was not of their own doing. e number of houses on which Wayne County officials began the foreclosure process has steadily increased over the last three years. e number increased from 26,000 in 2011 up to 42,000 in 2012, then 56,000 in 2013—up to 75,000 for 2014. A declining population in Detroit over the decades has led to an increasing number of vacant houses in the city. Out of about 62,000 houses in Detroit that are part of the county's newest foreclosure wave, only about 37,000 of them are reported to be occupied. Szymanski said the county officials and Detroit Mayor, Mike Duggan are combining forces to try an elimi- nate blight, which has become a significant problem in Wayne County in recent years. IN THE NEWS Shapiro & Zielke Raises $10K for Local Charity 360 Communities Minneapolis-based law firm Shapiro & Zielke, LLP, and its affiliated company, First Financial HED Agency of Minnesota, recently completed their Ninth Annual White Christ- mas Fundraiser, which raised $10,000 for local Minneapolis charity 360 Communities. e mission of 360 Communities is to provide hope by engaging communities in the areas of violence prevention, school success, and long-term self-sustained success, and by providing resources toward obtaining those goals. Shapiro & Zielke has partnered with 360 Communities for several years. Both the law firm and the charity are located in the Minne- apolis suburb of Burnsville in Dakota County. Shapiro & Zielke and First Financial HED Agency of Minnesota are part of the LOGS Network, a legal and outsourcing solutions provider for the residential mortgage and consumer credit industries. Minnesota RANK: 48 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 1.14% 0.56% 3.7 YEAR AGO 1.28% 0.86% 4.8 YEAR-OVER-YEAR CHANGE -11.4% -35.1% -1.1 Top County RENVILLE COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 0.92% 1.99% YEAR AGO 1.58% 2.58% YEAR-OVER-YEAR CHANGE -41.7% -22.8% Top Core-Based Statistical Area ALBERT LEA, MN 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 1.34% 1.19% YEAR AGO 1.83% 1.78% YEAR-OVER-YEAR CHANGE -26.9% -33.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary September 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Missouri RANK: 38 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 2.19% 0.78% 5.6 YEAR AGO 2.43% 0.97% 6.1 YEAR-OVER-YEAR CHANGE -10.0% -20.2% -0.5 Top County OREGON COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 1.08% 2.31% YEAR AGO 1.86% 0.57% YEAR-OVER-YEAR CHANGE -41.8% 308.7% Top Core-Based Statistical Area KENNETT, MO 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 3.22% 2.20% YEAR AGO 3.41% 0.91% YEAR-OVER-YEAR CHANGE -5.4% 140.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary September 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Nebraska RANK: 46 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 1.45% 0.60% 3.1 YEAR AGO 1.63% 0.84% 3.7 YEAR-OVER-YEAR CHANGE -10.9% -29.0% -0.6 Top County BURT COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 2.67% 2.79% YEAR AGO 3.47% 1.84% YEAR-OVER-YEAR CHANGE -23.0% 51.6% Top Core-Based Statistical Area SCOTTSBLUFF, NE 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 1.31% 1.09% YEAR AGO 1.43% 1.76% YEAR-OVER-YEAR CHANGE -8.4% -38.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary September 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Minnesota www.MinnesotaREO.com 612-669-6324 952-829-2938 763-432-7640 612-821-7500 952-844-1511 763-533-9133 651-209-8444 Bruce McAlpin Jeff Detloff Long H. Doan Maribel Garcia Garth Johnson Craig Murphy Michael Olsen Michigan's overall foreclosure inventory for November totaled 3,000 out of about 4.53 million housing units, ranking the state 22nd in foreclosure inventory, according to RealtyTrac. KNOW THIS Minnesota's percentage of month-over-month increase in foreclosure activity for November despite a nationwide decline of 8.62 percent. Source: RealtyTrac STAT INSIGHT 9.02%