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Which States Have The Longest Foreclosure Process
Once a home owner falls into foreclosure, the eviction doesn’t happen right away — in fact, it may take years before delinquent borrowers finally have to turn over their keys. Data by LPS Applied Analytics shows that New York holds the longest average in the nation–mortgage loans in the foreclosure process in New York have… Read More
Negative Sentiment Towards Buying Foreclosed Properties Decreasing
A recent survey conducted by Trulia and RealtTrac found that the negative sentiment towards buying foreclosed properties has decreased compared to one year ago. With 78 percent of U.S. adults believing there are downsides to buying foreclosed properties compared to 85 percent in May 2009. Among those who think there are negative aspects to purchasing… Read More
April 2010 Nationwide Foreclosure Report
RealtyTrac®, an online marketplace for foreclosure properties, released its U.S. Foreclosure Market Report™ for April 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 333,837 properties in April, a 9 percent decrease from the previous month and a 2 percent decrease from April 2009. One in… Read More
Fannie Mae Improves “First Look” Program for REO Property Sales
Fannie Mae will only consider offers from buyers using public funds during the First Look marketing period, typically the first 15 days a property is listed.
Shasta County Foreclosure Report – NOD’s Level Off In March
ForeclosureRadar.com just released its March 2010 California Foreclosure Report. Their report is statewide and broken down by county. Here are some of the stats from Shasta County. Notice of Defaults, the start of the foreclosure process, increased by only 3.5%. March 2010 had a total of 147 NOD’s filed compared to last month’s 142. The… Read More
Key Interest Rate To Remain Low – Good News?
According to what I read on Bloomberg’s web site, the Federal Reserve has decided to keep key interest rates near zero for an extended period. The Federal Reserve also confirmed that it will stop buying mortgage backed securities at the end of March. So, what does this mean if you’re thinking of buying a house… Read More
