Tag Archives: Reo Sales

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

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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

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Foreclosure Sales Ramp Up Post Robo Signing

Despite huge delays in foreclosure processing last year, following the so-called “robo-signing” paperwork scandal, sales of foreclosed properties still managed to account for nearly one in four home sales in the fourth quarter of 2011, up from one in five … Continue reading

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Distressed Property Sales Drop, Despite Push to Sell

The share of distressed sales in May, that is foreclosed properties and short sales (when the property is sold for less than the value of the loan), fell to 31 percent of all sales from 37 percent in April. Investors, … Continue reading

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National Home Prices Double Dip

It’s official. Home prices have double dipped nationwide, now lower than their March 2009 trough, according to a new report from Clear Capital. It was inevitable, and it was predicted (by me for sure) that a surge in sales of … Continue reading

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Short Sales Pressure Home Prices

Home prices fell 6.7 percent in February year over year, according to a new report from CoreLogic. That numbers includes distressed sales, that is, sales of foreclosed properties or short sales, where the bank agrees to let the homeowner sell … Continue reading

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