In the release, the NFHA said that since 2009 it made efforts to work with the GSEs to correct their property preservation practices. We remain dedicated to neighborhood stabilization efforts across the nation, including with respect to our maintenance of foreclosed properties." “We are confident that our standards ensure that properties in all neighborhoods are treated equally, and we perform rigorous quality control to make sure that is the case. "We strongly disagree with these allegations and firmly believe they have no merit,” Fannie Mae said in a statement to HousingWire. When contacted about the allegations, Fannie Mae said that it believes the charges are without merit.
FANNIE MAE FORECLOSURES FOR SALE DYER INDIANA FULL
The complaintant groups (see below for full list) say they investigated 2,106 foreclosures owned by Fannie Mae in 34 metro areas that include 129 cities and found that properties in communities of color had broken doors and windows, unlocked doors and windows allowing access to the home, excessive litter, dead or overgrown lawns, dead animals or live animals on the property, and other major deficiencies. “This systematic failure also creates health and safety hazards, contributes to blight, and places an unfair burden on neighbors and city governments to clean up the problem.” “Fannie Mae’s failure to take care of its massive foreclosure inventory in African American and Latino neighborhoods further destabilizes the communities hardest hit by the foreclosure crisis, in clear contradiction of its congressional charter, federal fair housing laws, and its obligation to affirmatively further fair housing,” Smith continued. “Fannie Mae is wreaking havoc on middle- and working-class communities of color nationwide through a pattern of neglect that is frankly appalling,” said Shanna Smith, president and CEO of NFHA. In a release, the NFHA said that evidence gathered from 2010 through April 2015 shows an “ongoing pattern and practice of discrimination” by Fannie Mae and its asset management contractors. The NFHA said that the complaint is the result of a five-year investigation into the property preservation methods used by Fannie Mae. The groups filed a complaint with the Department of Housing and Urban Development, alleging that Fannie Mae’s neglect of foreclosures in minority neighborhoods in 34 metro areas is a violation of the federal Fair Housing Act. In these cases, contact must be made with the appropriate agency usually in writing or in person.The National Fair Housing Alliance and 19 local fair housing organizations are accusing Fannie Mae of widespread racial discrimination, claiming that the GSE maintains and markets its foreclosures in white neighborhoods “consistently better” than in middle- and working-class African American and Latino neighborhoods. Other states and counties do not have such information online. This information may be searchable by address or owner name, or lists of upcoming sales may be posted. Some states and counties have online information about foreclosures, tax lien sales and tax deed sales. Tax deed sales are the forced sale of a property at a public auction. The other method government agencies have of collecting delinquent taxes is a tax deed sale.
Once this period has passed, the new lien holder may initiate foreclosure proceedings.
A tax lien sale is a sale conducted by a government agency of these liens and those that buy them must wait out a redemption period during which the homeowner may repay the lien and any interest. Tax liens are incurred by non payment of real estate taxes.
In states without judicial foreclosure, statutory foreclosure allows the mortgage holder to conduct a public auction to resell the property. Under judicial foreclosure, the property is subject to auction by a county authority such as a sheriff or by an officer of the court. Depending on the type of mortgage, the property, once repossessed, may be resold by the mortgage holder without court supervision. About Foreclosures and Tax Lien Sale Recordsįoreclosure is the process of a lender repossessing a parcel of real property after the owner has failed to make the required payments as outlined in his/her mortgage.
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