7 Articles match "Bank Owned","Example","Inventory"

• The Best from RealtyTrac

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• A (Relatively) Few Bad Apples Spoil the Barrel
  
  quot;Although only about 2 percent of households nationwide will be in some stage of foreclosure this year, these properties contribute to already bloated inventories of homes for sale, and put downward pressure on home values," said James J. For example, the city council in Vallejo, California -- part of a metropolitan area with a foreclosure rate that ranked sixth highest in the nation in April - last week voted to have the city file for bankruptcy." According to the RealtyTrac U.S. Foreclosure Market Report issued today, the total number of properties with foreclosure
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Local Market Perspective: Corona, Calif.
  
  of living space, are being under-priced by the bank, creating phenomenal bidding wars. The lenders are now starting to really move their inventory in Corona. Bank-owned foreclosure properties with 3,000 sq. The Retreat, for example, is an area that many foreclosure buyers are flocking to. It’s amazing what’s happening in Corona, Calif., a community in Riverside County Over the last month, I’ve witnessed over 500 properties go into pending status.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Local Market Perspective: Lake Havasu, Ariz.
  
  My last seven sales have all been bank-owned homes, with over 171 contacts from my RealtyTrac source. For example, one sale I did 30 days ago, was a brand new 1,700 square foot home, with 3 bedrooms with a motor home garage 55 feet deep. This has created a huge inventory on rentals, pushing down rents. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  In many popular coastal areas, the inventory of high-end foreclosures has swelled, putting additional pressure on home prices and inventories. trolls the upper-end of the foreclosure train wreck, searching for million-dollar bank-owned listings. “The The high-end housing market is not immune to foreclosure,” said Brady, who handles bank-owned foreclosure listings. “Rich High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Foreclosure Activity Deflating or Just Deferred?
  
  Meanwhile, REO (bank repossession) activity actually decreased on a YOY basis in January and February of 2007 but gradually started to gain momentum in the second half of 2007, and increases in REOs have far outpaced the increases in defaults and auctions in all six months of 2008. One could argue that this chart shows that the bulk of the properties that were at risk for foreclosure have migrated through the process and are now being repossessed by the foreclosing lenders. There is not a continued massive surge in defaults and auction notices, so once the lenders have disposed of
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Is Eight Enough?
  
  The number of properties with some sort of foreclosure action against them (default notice, auction notice, bank repossession) has consistently risen for the past eight quarters (see chart). One example is Colorado, whose foreclosure rate ranked No. View Q2 state data. View Q2 MSA data. Posted 07-25-2008 2:00 AM by darenb While there have been monthly fluctuations up and down during this time period, the quarterly numbers consistently have been up quarter over quarter, and the most recent quarter was no exception, according to the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  If renters see little incentive to rent rather than owning a house, they will start buying. For example you see Bank of America adopting a massive, systematic loan modification program. child will take a lot longer to learn to walk if her parent never lets her try on her own, but rushes over and picks her up everytime she stands up and gets ready to take a step -- because the parent is afraid that the child may fall. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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