Tag Archives: Foreclosures

Foreclosure Activity Down 29 Percent So Far in 2011

Compared with the first half of 2010, foreclosure filings, default notices, auction sales, and bank repossessions are down 29 percent for the first 6 months of 2011. Continue reading

Posted in Foreclosures and Short Sales, Newsletter, Real Estate Data | Tagged Foreclosures | Leave a comment

Time To Foreclose Continues to Take Longer

The time it takes for banks to foreclose on homes is continuing to take longer. In June, the foreclosures in California, Oregon, Washington, Arizona, and Nevada all took longer than in 2010.
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Posted in Foreclosures and Short Sales, News To Us, Real Estate Data | Tagged arizona, california, Foreclosures, Nevada, Oregon, Washington | Leave a comment

4 Ways The Government May Try to Stabilize the Housing Market

The only reason why all of these “extend and pretend” gimmicks are needed is that, with home prices at their current levels, there simply isn’t enough demand. If Uncle Sam would get out of the way and let prices find their bottom, then, by definition, there would be appropriate demand and the housing market would be in harmony.
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Posted in Fresh Perspectives, Home Economics, The Daily Hotsheet | Tagged Foreclosures, Home Prices, Obama, Principal Reduction, Shadow Inventory, Strategic Defaults | 1 Comment

Backlog of Distressed Homes to Weigh on Home Prices for at Least Three More Years

A data analyst for the National Association of realtors is projecting it will take at least three years to liquidate the distressed inventory. In reality, it will take much longer.
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Posted in Uncategorized | Tagged distressed homes, Foreclosures, Home Prices, Irvine, Shadow Inventory, Short Sales | 1 Comment

5 Things You Need To Know: Option-Arm Debt Forgiveness

Option-Arm mortgages were some of the most dangerous loans made during the housing frenzy. Now, some of these speculative, risky buyers are being rewarded with principal reductions.
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Posted in Economic News, Fresh Perspectives, Real Estate Data, The Daily Hotsheet | Tagged Foreclosures, Negative Amortization, Option-Arm Loans, Principal Reduction, Strategic Defaults | 10 Comments