Finally we see some light at the end of the Shadow Inventory tunnel! As I was reading my reports from all the different trackers of this up and down business of ours, I was able to breathe a big sigh of relief with the numbers before me. Foreclosures rates have increased across the country. Banks …
Category Archive: Foreclosures
Permanent link to this article: http://www.realestateauctions.com/blog/foreclosures-2/increased-foreclosures-mean-more-properties-on-the-market/
Apr
03
Short Sales vs. Foreclosures: A Quicker Path to Recovery?
There were more short sale transactions than foreclosure transactions in the last quarter of 2012, according to RealtyTrac, a leading online source of foreclosure information. A real estate short sale can certainly be the answer to the problem for many homeowners. The short sale process allows the homeowner, with the lender’s permission, to sell the …
Permanent link to this article: http://www.realestateauctions.com/blog/foreclosures-2/short-sales-vs-foreclosures-a-quicker-path-to-recovery/
Apr
01
Shadow Inventory Down
As I was talking with my colleagues about the lack the of available homes in Southern California, I decided to look a little deeper for some facts and see if it was just our observations, or if there was some truth behind the inventory shortage. Sure enough, per Corelogics, a leading analytical residential property service …
Permanent link to this article: http://www.realestateauctions.com/blog/foreclosures-2/shadow-inventory-down/
Jun
08
Foreclosure Related Sales Account for 26 Percent of U.S. Total
First quarter 2012 national foreclosure statistics were released last week by RealtyTrac and the report shows that 26 percent of property sales were bank-owned or in some stage of foreclosure. That figure is an increase from 22 percent from the fourth quarter of 2011 and an increase from 25 percent from the first quarter of 2011. Some states logged an …
Permanent link to this article: http://www.realestateauctions.com/blog/foreclosures-2/foreclosure-related-sales-account-for-26-percent-of-u-s-total/
Dec
18
National Foreclosure Stats, Nov. 2011
One in every 579. That’s the sobering statistic from RealtyTrac of the number of U.S. homes that received foreclosure filings in November, 2011, a total of approximately 224,394 properties across the nation. The number of foreclosure filings for November was down about three percent from the previous month and down 14 percent from November, 2010. …
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