Category Archives: Foreclosures

One in Eight Nevada Homes Empty

Nevada has a great many empty homes, and after my experiences flipping occupied properties, I will be happily focused on the empty ones. Continue reading

Posted in Foreclosures, Foreclosures and Short Sales, Fresh Perspectives, Home Economics, Investing | Tagged Flipping, Foreclosures, investing, Las Vegas, Nevada, REOs, strategic default | 2 Comments

C.A.R. open letter on short sales

With the number of homeowners who owe more than their home is worth hovering at 30 percent, experts predict there will be many more foreclosures in 2011 and 2012. Unless we take immediate, aggressive action to assist these homeowners, any meaningful recovery in the housing market and overall economy will continue to be delayed. Continue reading

Posted in Short Sale News | Tagged california, CAR, Short Sales | Leave a comment

23 Percent of Home Borrowers Underwater

“Negative equity holds millions of borrowers captive in their homes, unable to move or sell their properties. Until the high level of negative equity begins to recede, the housing and mortgage finance markets will remain very sluggish,” said Mark Fleming, chief economist with CoreLogic. Continue reading

Posted in Home Economics, Newsletter, Real Estate Data, Short Sale News | Tagged negative equity, Strategic Defaults, Underwater Borrowers | 1 Comment

Distressed Sales On The Rise in January

Perhaps the biggest news in the January data was a sharp rise in the HousingPulse Distressed Property Index or DPI, a key indicator of the health of the housing market. The DPI, or share of total transactions involving distressed properties, climbed from 47.2% in December to 49.6% in January. The increase was a continuation of a trend as the DPI registered just 44.5% back in November. Continue reading

Posted in Foreclosures, Newsletter, Real Estate Data, Short Sale News | Tagged Foreclosures, REOs, Short Sales | Leave a comment

Foreclosure Repossessions Soar in January

“We have not seen this level of activity on the courthouse steps for months,” says Sean O’Toole, CEO and Founder of ForeclosureRadar.com. “The increase in foreclosures is just in time to provide a fresh supply of entry level homes for the spring home buying season.” Continue reading

Posted in Foreclosures, Investing, Newsletter, Real Estate Data | Tagged arizona, california, Foreclosures, Nevada, Oregon, REOs, Washington | 1 Comment