Zombie Homes Hold Steady During Foreclosure Moratoria

first_img About Author: Krista F. Brock Zombie Homes Hold Steady During Foreclosure Moratoria Previous: COVID-19: Old Lessons, New Challenges Next: High-Risk Homes Lack Flood Insurance Servicers Navigate the Post-Pandemic World 2 days ago Foreclosure zombie homes 2020-05-28 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Zombie Homes Hold Steady During Foreclosure Moratoria The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago May 28, 2020 1,485 Views Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreclosure zombie homes Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Zombie foreclosures make up 3% of all properties currently in foreclosure across the nation as of the second quarter, which is little changed from Q1, according to the latest data from ATTOM Data Solutions. That means 3% of all homes in foreclosure are vacant. In raw numbers, that’s 7,650 zombie homes, out of 258,000 homes in foreclosure. In terms of total housing across the nation, that’s one in every 13,000 of the nation’s total 99.2 million homes. The zombie foreclosure rate is down just 0.1 percentage point from the first quarter of the year, which is unsurprising as 70% of home loan borrowers are currently protected by a foreclosure moratorium enacted in March and lasting until at least the end of June. “We are in a holding pattern across the country as long as the moratorium continues,” said Todd Teta, Chief Product Officer at ATTOM. When the moratorium is lifted, “that’s the point when we will see if foreclosure activity will remain at very low levels or rise,” Teta said. New York has the highest total number of zombie properties with 2,158. However, the state overall does not make it into the top five states in terms of the percentage of zombie properties compared to total properties in foreclosure.The states with the highest rate of zombie properties are Ohio (6.7%), New Mexico (5.5%), Indiana (4.8%), Illinois (4.7%), and Iowa (4.5%). In total Ohio has 877 properties in zombie status and is home to two of the large metros with the highest zombie foreclosure rate: Peoria, Illinois (12.9%); and Cleveland, Ohio (11%). Other metros with high rates of zombie properties were Syracuse, New York (8.9%); St. Louis (7.8%); and Honolulu (7.8%).New York, Florida, and Ohio were also home to the ZIP codes with some of the highest zombie rates among ZIP codes that had at least 100 properties in some stage of foreclosure. At the other end of the spectrum, the states with the lowest share of vacant properties in foreclosure are South Dakota, Idaho, New Hampshire, Utah, New Jersey, Connecticut, and Colorado. In all of these states less than 1.3% of all properties in foreclosure are zombie properties. The large metros with the lowest percentage of vacant properties in the foreclosure process are San Francisco (0.6%), Austin, Texas (0.8%); Philadelphia (1.1%); Phoenix (1.3%); and Boston (1.4%). The vacancy rate for all residential properties across the nation was 1.5% as of Q2, amounting to about 1.5 million properties total. The highest vacancy rates were recorded in Kansas, Tennessee, Mississippi, and Oklahoma, all of which had vacancy rates of 2.6%. Indiana followed closely with a vacancy rate of 2.5%The lowest vacancy rates were recorded in New Hampshire (0.4%), Vermont (0.4%), Delaware (0.5%), Idaho (0.6%) and North Dakota (0.7%).Indiana is home to the highest rate of vacancies among investor-owned properties. In Indiana, 8.4% of investor properties are vacant. Ohio ranked next with 6.6%, followed by Minnesota (6.1%) and Mississippi (5.7%). 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. last_img read more

Internet shutdowns ‘not justified’ in coronavirus outbreak

first_imgAvinash Kumar, executive director of Amnesty International in India, said access to information was a crucial part of the right to health.An inability to access information “can heighten the sense of helplessness, anger and frustration, undermine the public health response, put the health of others at risk, and may constitute human rights violations,” he said.Global digital rights group Access Now this week called on the governments of Ethiopia, Myanmar, Bangladesh and India to end “all deliberate interference with the right to access and share information” about the epidemic.Read also: Kenya, Ethiopia join expanding list of African states with coronavirus”One of the ways that (these governments) are trying to fight the spread of the virus is through sharing credible and timely information,” said Berhan Taye, a senior policy analyst at Access Now.”If there is a population in your specific country that is not having access to this credible information … all the efforts … (will) be multiplied by zero,” she added.Bangladesh’s government bans the sale of mobile SIM cards to the nearly 1 million Rohingya refugees living in camps. Last year it blocked high-speed data services, citing security concerns.Bangladesh has reported more than a dozen coronavirus cases and aid agencies say the refugees are particularly vulnerable as they live in confined spaces with few amenities.In Myanmar, authorities in February reimposed an internet shutdown in the two conflict-torn states of Rakhine and Chin, citing “security requirements and public interest”.Ethiopia’s government also imposed a communications shutdown across much of western Oromia region in January, leading to an information blackout for more than 3 million people.As of Friday, Ethiopia had nine active coronavirus cases, according to the ministry of health.”The government should not be gambling with people’s health,” said Laetitia Bader, Horn of Africa director at Human Rights Watch.”At the very least it should restore phone and internet access and allow families to warn their loved ones about the basic steps to take to prevent infection.” Internet shutdowns cannot be justified at a time when access to information is critical to containing the deadly coronavirus pandemic, human rights groups have warned.The outbreak has infected more than 245,000 people worldwide and the death toll now exceeds 10,000, according to a Reuters tally.”Internet access is critical at a time of crisis,” David Kaye, United Nations special rapporteur on the right to freedom of opinion and expression, said in a statement. Topics :center_img “Especially at a time of emergency, broad restrictions on access to the internet cannot be justified on public order or national security grounds.”Authorities in Indian-administered Kashmir this week extended internet restrictions first imposed after sweeping constitutional changes last year until March 26, saying these were “absolutely necessary” because of recent terror activities.With internet speed restricted to 2G, Kashmiris have struggled to work from home or attend online classes like others in India, which by Friday had 171 active coronavirus cases, according to the government.Doctors in Kashmir, which has four confirmed cases, have been stymied in getting information on the virus.last_img read more

USC student dies in Founders Apartments

first_imgA USC student was found dead in Founders Apartments, located on the corner of Portland Street and West Adams Boulevard Monday.The Los Angeles Fire Department initially responded  at 2:45 p.m. to the report of a non-responsive person, later declared dead at the scene.According to Captain Andy Neiman, commanding officer of Los Angeles Police Department Media Relations, there was no evidence of struggle or foul play.The deceased has been confirmed as a student from out of state, but age and gender have not been confirmed. Neiman could not confirm who initially found the body.Authorities are in the process of contacting the deceased’s family. Affected students will be provided with access to mental health care and will also be able to temporarily relocate to other housing locations.The Los Angeles County Department of Medical Examiner-Coroner, has yet to determine the cause of death.last_img read more


first_imgThe number of parents opting to send their children to outdoor pre-schools is on the rise. That’s according to Donegal woman, Sally O’Donnell, who established Ireland’s first outdoor school in Donegal eight years ago.Located just outside Letterkenny in Glenswilly, Glen Outdoor School is now part of a trio of Early Learning Schools in Donegal where children spend 80% of their time outdoors.As well as Glen Outdoor, the Early Learning Schools incorporate Park School, located at the Mountain Top, Letterkenny and Ray Outdoor School in Ray Community Centre, situated between Rathmullan and Ramelton. A native of Churchill, O’Donnell was ahead of her time when she opened Glen Outdoor School in 2006, but is now delighted that outdoor schools are gaining popularity across Ireland and the UK.O’Donnell explains: “Parents are curious to find out more about the benefits of outdoor play, because before they visit our schools, they are sometimes concerned that outdoor play is just that – play.However, they are reassured when they realise that our schools follow the Early Childhood Curriculum Framework, Aistear.“The focus of our schools is to allow children enjoy their childhood as two, three, and four year olds should, instilling in them a desire to learn by following their individual needs. In doing so we prepare them, not just for school – but for life.” O’Donnell continued: “Nature provides a variety of learning opportunities that children can really get involved in, from planting seeds to exploring the properties of water.“The outdoor environment also encourages children to explore curricular concepts using higher order thinking, problem solving, self-risk assessing and complex language.“We’ve also got great feedback from parents in terms of dramatic improvements in their children’s health and well-being since starting our outdoor schools.“That’s largely because many leading experts recommend that children get a minimum of three hours active outdoor play every day, but it appears that this is now the exception rather than the norm.” The fact that one in four children is now either overweight or obese is hugely concerning and just should not be the case.” Early Learning Schools give children the opportunity to experience the outdoors in all types of weather, while dressed in the appropriate clothing and footwear.Additional benefits include independence, resilience, self-esteem and disposition, better energy levels, better quality of sleep, agility, balance and co-ordination, stronger immune systems and lower stress levels.Early Learning Schools will host a series of information evenings this week to inform and educate parents about the positive impact outdoor activity has on children’s development.The first information evening takes place in Park School, Mountain Top, Letterkenny, (entrance via Foxhill’s Estate) on Tuesday, 24th February, followed by Ray Outdoor School (Ray Community Centre, between Rathmullan and Ramelton) on Wednesday, 25th February and finally, Glen Outdoor School on Thursday, 26th February. All sessions take place from 6.00pm – 8.00pm each evening. Visit www.earlylearningschools.ie or call Sally on 086 858 9339 or Noreen on 087 2966164 for more information.DONEGAL OUTDOOR SCHOOLS IN A CLASS OF THEIR OWN was last modified: February 23rd, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:childcarechildreneducationFeaturesLearningnewsOutdoorPre-schoolschoolslast_img read more

Raiders mailbag: Where will the Raiders call home in 2019?

first_imgThe City of Oakland filed a lawsuit Tuesday against the Raiders and NFL, which you can read all about right here. The most important thing to know is the lawsuit jeopardizes the Raiders’ 2019 season in Oakland since their current lease with the Oakland Coliseum ends after this season.So where might the Raiders play their final season before heading to Vegas? At this point it’s anybody’s guess, but it’s a topic we’ll discuss in this week’s mailbag, along with Reggie McKenzie’s potential …last_img read more

Flags fly for 32 World Cup teams

first_imgThe flags of the 32 nations that willcompete in the 2010 Fifa World Cup raisedon the lawns of Safa House inJohannesburg.(Image: 2010 Fifa World Cup OrganisingCommittee) Safa House stands metres from SoccerCity, the 2010 World Cup flagship stadium.(Images: Niklas Zachrisson)MEDIA CONTACTS• Wolfgang EichlerFifa Media Officer+27 11 567 2010+27 083 2010 [email protected]• Delia FischerFifa Media Officer+27 11 567 2010+27 11 567 2524+27 83 201 [email protected]• Jermaine CraigOrganising Committee Media Manager+27 11 567 2010+27 (0)83 201 [email protected] ARTICLES• Photo essay: Soccer City• Photo essay: Nelson Mandela BayStadium• The master of the makarapa• Soweto’s football derby frenzy• Fly the Flag for Football ToolkitOn Thursday South Africans woke to news that all 32 teams for the 2010 Fifa World Cup have now qualified – with Uruguay, the first country to host and win a World Cup, the last to secure their spot, in the early hours of the morning.The evening of 18 November saw the final six teams qualifying for the tournament, with Greece, Slovenia, Portugal, France, Uruguay and Algeria winning their tickets to South Africa next year.To mark the occasion, the 2010 Organising Committee hosted ambassadors and embassy representatives from the 32 qualified countries to symbolic flag-raising ceremony on the lawns of Safa House in Johannesburg on Thursday morning. The headquarters of the South African Football Association, Safa House stands a few metres from the flagship Soccer City stadium, where the 2010 World Cup’s opening match and final will be played on 11 June and 11 July 2010.OC chief executive Danny Jordaan said the ceremony marked the beginning of an important phase in the lead up to 2010.“As we raise the flag we must understand that the story line has changed. The stadiums will be ready, we can see this. The World Cup is about the teams, the coaches and the fans now,” he said.“This storyline has changed from the concrete of the stadiums to the people and the emotion of the World Cup. Today is about celebrating Africa’s first World Cup.”Jordaan encouraged the assembled ambassadors to spread the news of 2010 in their home countries. “You are not only ambassadors for your countries, but now, you are 32 ambassadors of the World Cup. I know the numbers that your teams brought to Germany in 2006 and I will be watching the numbers in 2010!”Speaking of his country’s tense win over Egypt in Sudan the night before, Algerian ambassador to South Africa Mourad Bencheikh stressed the importance of Africa’s first World Cup.“Last night was like the second day of independence,” he said “To have this World Cup in South Africa and Africa and to now be part of it is a matter of pride to us.”Dario Armini, the first secretary in the Italian embassy, was full of praise for South Africa’s preparations. “Italians are definitely starting to feel the spirit of the World Cup Just looking at the stadium here, we can see that things are going well. The fire and the passion of this country is incredible.”Armini said that while South Africa can expect an influx of fans from Italy during the World Cup, he is also looking to the country’s sizeable Italian community for support.“We can count on the Italian community in South Africa, which is around 30 000 strong. We definitely saw their passion during the Confederations Cup, but I am sure people will come to South Africa as well, it is such a beautiful country.”For the New Zealand ambassador to South Africa, Michael Walsh, the mood back home is celebratory.“There is a euphoric feeling in New Zealand at the moment – it has been 28 years since we last played in a World Cup and I am sure many fans are looking forward to coming to South Africa. The World Cup captures the imagination of all people.”Walsh is certain of the 2010 tournament’s success. “For 2010, South Africa is obviously pulling out all the stops and you can see from the amazing stadium behind us that it is all on track.”The 32 teams that have qualified for the 2010 Fifa World Cup are:AlgeriaArgentinaAustraliaBrazilCameroonChileCote d’IvoireDenmarkEnglandFranceGermanyGhanaGreeceHondurasItalyJapanKorea DPRKorea RepublicMexicoNetherlandsNew ZealandNigeriaParaguayPortugalSerbiaSlovakiaSloveniaSouth Africa (as hosts)SpainSwitzerlandUruguayUSAlast_img read more

South Africa shines at Precision Flying Champs

first_imgTeam South Africa excelled at the 2011 precision flying champs, coming second in the team landing category and fourth overall. South Africa’s Hans Schwebel came second overall in the landing category. Poland’s Michal Wieczorek was named the individual precision flying world champion for 2011. (Images: Nicky Rehbock) MEDIA CONTACTS • Izelle Hoffman MGMT Marketing and Media +27 83 388 4484 RELATED ARTICLES • Precision Flying World Champs in South Africa • Bid for in-flight mobile phone use • New low-cost airline for rural SA • Govt offers aviation, maritime careers • Air show gives wings to young dreamsNicky RehbockTeam South Africa put in an impressive performance at the 20th Precision Flying World Championships, recently held in North West province, demonstrating how accurately and safely local pilots can handle aircraft without the aid of modern technology.South Africa came second in the team landing category, with squad member Hans Schwebel being named the runner-up for the landing trophy. This was the first time the event has been hosted in the country.Precision flying competitions test the fundamental skills of pilots flying solo in single-piston engine aircraft. Armed with just a compass and map, participants have to follow a precise flight path while sticking to a tight time limit, complete observation tasks from the air to the ground while navigating the plane, and make inch-perfect landings on short, narrow airstrips with trees and other obstacles on the approach.The sport is the aerial equivalent of orienteering.With ever-increasing automation in modern planes such skills aren’t put to the test in everyday commercial flight, meaning that those who compete in precision flying “represent the cream of the crop in terms of good, solid aviation practice”, says director of the 2011 champs Antony Russell.This year’s championships included host team South Africa, as well as participants from Norway, France, Finland, Denmark, Austria, Switzerland, Sweden, Russia, Czech Republic, Poland, New Zealand, UK and Germany.Poland was named the overall team winner, with member Michal Wieczorek being crowned the individual world champion for 2011. Czech Republic came second, France third and South Africa fourth.‘Felt proud to be South African’South Africa’s Hans Schwebel has been competing in the sport since 1994, with 2011 being the 18th time he has represented the country at the world champs. He’s a private pilot living in Brits, North West, and has his own business, which gives him the flexibility to practise as often as he can. He started preparing for this event three months ago, flying as often as three times a week.“But there’s always stiff competition from overseas – a lot of the competitors are commercial pilots who fly and get to practise every day. There are also far more precision flying competitions and events in Europe than here,” he says.Schwebel believes precision flying has made him a better pilot.“Today with all the modern GPS systems, you press a knob and it tells you exactly where to go. But when there’s a failure in the airplane, most of the pilots don’t know what to do anymore. With precision flying you do it the old way – you have a map and a compass and you follow the road,” he says.“The highlights of this year’s competition were coming second and the camaraderie from the South African team – it made me feel very patriotic. It’s a very special feeling. It’s also a way of giving back to the country. I want to encourage more youngsters from this country to join the sport – and I hope that my performance this year serves as an example to them that it is possible to excel.”The next precision flying world champs will be held in two years’ time, probably in Europe, and Schwebel says he’s going to do all he can to make the national team again.‘I love this country’One of the youngest competitors at this year’s event, 30-year-old Michal Wieczorek is a commercial pilot working for a charter airline in Poland. He’s been flying for 11 years and participated in his first international airsport event in 2003 at Sun City, also in North West.He attributes his love of flying and talent for precision flying in particular to his father, who also used to compete and excel in the discipline.“The flying conditions in South Africa are very different from those in Europe. Because it’s so hot, you have to fly at higher density altitudes, which decreases the performance of the aircraft. Navigation in South Africa is also completely different – there’s bush everywhere. The first few days of practice here were very hard for me,” he says.It was determination and cool-headed landings which clinched the 2011 title for Wieczorek.“After the second navigation stage I thought I had no chance of even coming in the top three, but the landings stage on last day of the competition changed everything. There’s a lot of pressure to make the perfect landing and if the nerves catch you, it’s over – but I felt less pressure because I didn’t expect to win. When I thought the game was over for me, I just wanted to end it off with good landings – unlike Czech Republic’s Jiri Filip, who did well in the first stages and the pressure was on for him. But I can say I fought ’til the end.”He says competing in South Africa this year was like coming home.“This is my third time in South Africa. I really enjoy being here – I love this country. South Africans are very hospitable and helpful – I’ve got many friends here and I feel at home.”Wieczorek believes one of the reasons why former Eastern bloc countries do well in precision flying is because of a familiarity with older planes and less advanced automatic navigation systems.“We don’t have that many aircraft with modern avionics. We train in old planes. Although they’re in very good condition, they don’t have GPS systems – we have to use a map and conventional navigation techniques as you have to do in precision flying.”But it’s also Poland’s coach, Andrzej Osowski, who primed the team for this year’s champs.“Andrzej gives us a hard time and trains us well. He’s being doing it for more than 25 years and is very good at what he does.”Wieczorek says his aim now is to defend his title at the next world championships and participate in the sport for as long as he can.last_img read more

Sri Lanka relents, allows players to stay in IPL till May 18

first_imgA major standoff between the powerful BCCI and Sri Lanka Cricket was on Thursday averted with the island nation extending the deadline for its players’ return from the IPL till May 18, a compromise which put an end to the uncertainty over their availability.Under pressure from the BCCI to extend the original May 5 deadline, SLC relented after a meeting with country’s Sports Minister Mahindananda Aluthgamage and allowed its star players to participate in cash-rich event for 13 more days.Aluthgamage said it had been decided after a meeting with cricket administrators late today that the IPL players could join the team by May 19 in London.”We are giving players more time to play the IPL before joining the team for the England tour after several requests from the Indian cricket board,” Aluthgamage said.”The IPL boys have to be in London in time to play the practice match on May 19. I think the boys and the BCCI will be happy with the compromise,” the minister said.The series against England starts May 14 with a practice match against Middlesex, followed by another warm-up game against England Lions on May 19.The first Test of the three Tests is scheduled to begin in Cardiff from May 26 which means that those players staying back for IPL would just have about a week to prepare for the series.The indications of a compromise came earlier in the day when Aluthgamage said that the players might be allowed to stay beyond the original May 5 deadline.”I have received several e-mails from the BCCI and I will meet the selection committee and the SLC officials to discuss the matter. We might extend the May 5 deadline,” Aluthgamage said.advertisement”The players have to leave for England on May 10 and we might consider postponing that too. We don’t want to embarrass the BCCI, we have good relations with India and we want to maintain this. We are trying to work out new dates for the players,” he added.Eleven Sri Lankan players, including Kumar Sangakkara and Mahela Jayawardene who are captaining their respective franchises, are currently in action in the cash-rich IPL.Their early return would have had an adverse impact on their respective teams’ combinations as the franchises were under the impression that the players would be available till May 21.There is speculation that Sri Lanka’s climbdown came after the BCCI gave them a deadline to sort out the issue and even threatened to withhold the 10 per cent cut from the players’ fee which the SLC was due to get after the IPL.The SLC stands to earn approximately Rs two crore from the Rs 21 crore that the participating players would pocket from the event. .The controversy began after the Sri Lankan government asked the SLC to direct all its cricketers playing in the IPL to return home by May 5.It got murkier after the government and the SLC rejected the BCCI’s request to allow its star cricketers to play in the lucrative Twenty20 tournament till May 15.Speculation was that the Lankan government’s move was in retaliation to the treatment meted out to Sri Lankan minister who had accompanied President Mahinda Rajapakse during the World Cup final in Mumbai on April 2.The Ministers were reportedly peeved that they were not allowed to sit at the same enclosure and some of them had to buy their own tickets.”I know that we had some problems with BCCI because we made request for more tickets (in the World Cup final in Mumbai) because a few cabinet ministers had come. They did not give it.”But that is a totally different matter. That is about protocol and the current issue is about cricket. Protocol and cricket are totally different matters,” Aluthgamage clarified.The Sri Lankan Board’s decision to call back its players by May 5 had created a furore in India as the IPL franchises put pressure on the BCCI to extend their stay.The Sri Lankan players were repeatedly asked about these developments at their routine post and pre-match press conferences.Retired spin wizard Muttiah Muralitharan had slammed the SLC for asking the players to return midway through the IPL, claiming that the No Objection Certificate had permitted them to play to till May 20.”I think the board (SLC) has given them permission till May 20. I don”t know what happened suddenly. The players were told to come on May 5. It is the fault of SLC because they signed the NOC till May 20 so if they change it to May 5 it is something wrong,” Muralitharan, who quit international cricket after Sri Lanka’s defeat to India in the World Cup final early this month, said.advertisement”Players will get demoralised because if they go back on May 5 they play half of the IPL and they are going to miss a lot. SLC should have informed the players earlier, then the IPL franchises would understand and everyone would understand,” he added.Two Sri Lankans — Sangakkara (Deccan Chargers) and Jayawardene (Kochi Tuskers Kerela) — are captaining their IPL franchises and their premature exit would mean their teams would have to find new skippers.Apart from these two, Tillakaratne Dilshan, who has now been named Sri Lanka’s captain, Lasith Malinga, Suraj Randiv, Thisara Perera, Nuwan Kulasekara, Nuwan Pradeep and Dilhara Fernando are among the other Sri Lankans in action in the IPL.- With PTI inputslast_img read more