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Tag Archives: Bank Owned Homes
Foreclosure-Related Homes Still Driving Sales
Foreclosure-related sales made up 21 percent of all U.S. sales in 2012 and short sales, when the home is sold for less than the value of the mortgage, made up 22 percent, according to a new report from RealtyTrac. Add … Continue reading
Posted in Real Estate News
Tagged 5 Million, Bank Foreclosure, Bank Owned Homes, Bank Owned Pre Foreclosure, Banks, Delinquent Loans, Distressed Properties, Distressed Property, Distressed Sales, Foreclosure Homes, Foreclosure Process, Foreclosure Sales, Forgiveness, Housing Market, Inventories, Nahb, Processing Services, Realtytrac, Rough Winter, S Sales
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New Foreclosures Plummet, but Fall Is Temporary
As such, the impact on foreclosure starts, while significant now, is likely to be temporary as the industry adapts to the new requirements, according to LPS’s Herb Blecher. In other words, the settlement designed to protect borrowers from faulty foreclosure … Continue reading
Posted in Denver Real Estate News
Tagged Amherst, Bank Owned Homes, Bill Of Rights, Blecher, Borrowers, California Homeowners, Foreclosure Proceedings, Foreclosures, Goodman, Housing Market, January 1, Legislation, Lps, Mortgage Applications, Mortgage Deduction, Pace, Pipeline, Principal Reduction, Twelve Months
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Foreclosure Discounts Drying Up
As more investors vie for fewer foreclosed properties, prices are going up and great deals are getting scarce. Buyers of bank-owned homes in September got a 7.7 percent discount versus the same home in a non-distressed sale, according to a … Continue reading
Posted in Denver Real Estate News
Tagged Affordability, Bank Owned Homes, Chief Economist, Cincinnati, Crash, Distressed Property, Flip Side, Foreclosed Properties, Foreclosure, Foreclosures, Good Reason, Ground Zero, Information Company, Investor Attention, Private Capital, Real Estate Sales, Single Family, Stan Humphries, Thousands Of Dollars, Zillow
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Foreclosures Fall…And That’s a Bad Thing?
A new report came out this morning with a curious headline: “Foreclosure Activity Declines, Hurting Investors.” I read it twice. You would think declines in foreclosure activity would be a good thing, that is, would help, not hurt. Not in … Continue reading
Posted in Denver Real Estate News
Tagged Bank Owned Homes, Bank Owned Reo, Borrowers, Ceo, Courthouse Steps, First Time Buyers, Foreclosure Sales, Foreclosures, Government Intervention, Housing Market, Limbo, Mortgage Payments, Negative Equity, New Legislation, Notice Of Default, O Toole, Pending Legislation, Radar Report, Reo Properties, Reo Sales
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Flood of Foreclosures Still Fails to Materialize
The number of homes entering the foreclosure process rose in March, up 8.1 percent, according to a new report from lender Processing Services, but the volume is down more than 30 percent from a year ago. Analysts had expected this … Continue reading
Posted in Denver Real Estate News
Tagged Bank Owned Homes, Banks, Decline, Fannie Mae, Fannie Mae And Freddie Mac, Flood, Foreclosure Process, Foreclosure Sales, Fourth Quarter, Freddie Mac, Inventories, Mortgage Foreclosures, Pace, Portfolio Loans, Previous Year, Processing Services, Ramp, Realtytrac, Reo Sales, State Governments
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Don’t Let Falling Foreclosure Numbers Fool You
Let me preface with an apology for the huge supply of numbers in this post, but if you can make it through them all, I think you will get the picture I’m drawing here. The so-called “shadow inventory” of residential … Continue reading
Posted in Denver Real Estate News
Tagged Apology, Association Of Realtors, Bank Owned Homes, Corelogic, Current Sales, Decline, Delinquencies, Delinquent Loans, Distressed Loans, Distressed Sales, Equity Loans, Five Months, Foreclosure Process, National Association Of Realtors, Negative Equity, Preface, Processing Services, Residential Properties, Sales Pace, Trouble Number
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Home Builders Still in the Woods
The best number out of today’s report on sales of newly built homes is not the 7.3 percent bump up in signed contracts, it’s the drop in inventories to a 6.5 month supply. That number is based on a quicker … Continue reading
Posted in Denver Real Estate News
Tagged Absolute Number, April Sales, Aristar, Bank Owned Homes, Commodity Prices, Contracts, Delinquent, Excess Inventory, Foreclosure Process, Gas Prices, Glut, Home Builders, Inventories, Jt Smith, Metropolitan Areas, Miller Tabak, Processing Services, Reos, Roadblocks, Sales Pace
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