Tag Archives: REOs

First Quarter Foreclosure Activity Down Sharply From 2010

U.S. Foreclosure Market Report™ for the first quarter of 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 681,153 U.S. properties in the first quarter, a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of 2010. Continue reading

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

Foreclosure Sales Jump in March

The one thing that remains clear is that while the process has slowed, there remains no consensus on a viable solution other than foreclosure to eliminate the excess mortgage debt that has left millions underwater and continues to hinder the broader economy. Continue reading

Posted in Data, Data, and More Data, Foreclosures and Short Sales, Newsletter | Tagged arizona, california, Foreclosures, Nevada, Oregon, REOs, Washington | Leave a comment

LPS: We have a 30 month foreclosure backlog

s of the end of February, foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume, indicating this backlog will continue for quite some time. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values. Continue reading

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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

Foreclosure Activity Falls in February

“Foreclosure filings dropped to low levels not seen in quite awhile,” says Sean O’Toole, CEO and Founder of ForeclosureRadar.com. “We will likely see more sluggish foreclosure activity in the months ahead while lenders continue to work through lingering concerns over foreclosure documentation and deal with process changes.” Continue reading

Posted in Foreclosures and Short Sales, Newsletter, Real Estate Data | Tagged arizona, california, Foreclosures, Nevada, Oregon, REOs, Washington | Leave a comment