Housing Recovery Hopes Dimmed By Rising Foreclosure Numbers

Day: June 17, 2012

Housing Recovery Hopes Dimmed By Rising Foreclosure Numbers

Recent information released by RealtyTrac shows a disturbing turn in the number of foreclosures – actually rising by 9% in May over April. This increase can be partly attributed by the release of a backlog of foreclosures by the banks. However, the majority of those homes in foreclosure are just starting the process. While a…  Continue Reading

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As Short Sales Increase, So Does Suspicious Activity

At the start of this year, the number of short sales has outpaced the number of REO sales in 12 states. Short sales are increasingly popular with investors as a way to maximize returns from foreclosure sales. Along with the increase in short sales comes an increase in “suspicious mortgage activity reports.” These reports don’t…  Continue Reading

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Negative Equity Impacts Home Supply Positively

According to CoreLogic, negative home equity is actually driving a drop in REO properties and the overall supply of unsold properties. The result is an increase in home prices. The home supply is at the lowest number in more than five years – sitting at six and a half months. Negative equity makes people more…  Continue Reading

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