Lured by the prospect of a spectacular deal, many buyers start their search with short sales and foreclosures, only to discover that those properties come with more baggage than they bargained for. Distressed properties may be concentrated in undesirable areas. They are often in poor condition because strapped owners either couldn’t afford to maintain them…
Category Archives: Foreclosures
Marin County June 2011 Foreclosure Report
According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June.
Foreclosures in Marin County: the Real Story
According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. Foreclosure counts have now dropped over 16 consecutive months, dating back to January 2010.
Short sales demystified
In this FOX Strategy Room interview Alex Charfen, CEO of the Certified Distressed Property Institute (CDPE), explains in layman’s terms the difference between short sales and foreclosures, who qualifies for a short sale and a loan modification, what is a strategic default and much more. As a CDPE agent, I can help you or anyone you…
Marin County Foreclosure Activity Update – April 25, 2011
Marin County is bucking both the Bay Area’s trend and the national trend with respect to foreclosure activity. The number of Marin foreclosures in the first quarter of this year spiked 28.1 percent compared with the same period last year, by far the biggest increase in the Bay Area. The number of additional homeowners who fell behind…
Foreclosures Drop 35 Percent Year-Over-Year
According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011.
Foreclosure Activity Slows For The First Time In Several Years
According to foreclosure-tracking firm RealtyTrac.com, the number of foreclosure notices dropped 2 percent between April 2009 and April 2010. 2 percent may not seem like much, but it’s the first time in the history of the RealtyTrac report that the annual foreclosure rate has dropped.
How To Buy Bank-Owned Homes In A Period Of Rising Inventory
California, Florida, Arizona and Georgia accounted for more than half of all bank repossessions in March 2010. It’s a disproportionate distribution of foreclosures. Together, the 4 states represent just 23 percent of the overall U.S. population.
Foreclosures Per Capita | February 2010
According to foreclosure-tracking firm RealtyTrac, foreclosure filings topped 300,000 for the 12th straight month last month as 1 in every 418 U.S. homes received a foreclosure filing.
Simple Real Estate Definitions : Short Sale
A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
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