Morning Minute: Consumer agency to tackle “zombie” foreclosures

The Consumer Financial Protection Bureau is going after “zombie” foreclosures — distressed properties where the foreclosure process is started but never completed, leaving some unsuspecting borrowers on the hook for a home (and fees and taxes) they thought had already been foreclosed upon, NAR reports. Read more.

In other headlines:

Adjustable-Rate Mortgages Make a Comeback – Wall Street Journal

4 Million Renters Say They’re Eager to Buy – REALTOR® Magazine Online

Haisler: Real estate agent perception not fair – Northwest Herald

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.