4 Articles match "Detroit","Inventory","Properties"

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FDIC Selling Off Detroit Inventory
So it’s no wonder that it has no time to play nursemaid to a bunch of foreclosed real estate in foreclosure-laden Detroit, Mich. to auction off 83 properties ranging in values from as low as $2,500 up to a home in the Grosse Pointe area that was recently listed for $1.3 The property mix will include single-family, duplex, triplex and commercial properties plus land. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. Dispatches from Detroit indicate that free-market forces may be the catalyst. While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Local Market Perspective: Seattle, Wash.
In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have seen under 10 that are decent over the past month. Because of the lack of “urban sprawl” in Seattle we do not have the inventory of foreclosure homes that the rest of the country has. say this all the time to my buyers, at auction there is a huge crowd competing over six to 10 properties. Over the past three months, my clients and I have presented nine contracts to pre-foreclosure, REO and short sale sellers. Out of those nine contracts, nine have been beat by
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • FDIC Selling Off Detroit Inventory
    So it’s no wonder that it has no time to play nursemaid to a bunch of foreclosed real estate in foreclosure-laden Detroit, Mich. to auction off 83 properties ranging in values from as low as $2,500 up to a home in the Grosse Pointe area that was recently listed for $1.3 The property mix will include single-family, duplex, triplex and commercial properties plus land. The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • A Small Silver Lining in Q1 Foreclosure Storm
    The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. Dispatches from Detroit indicate that free-market forces may be the catalyst. While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Make Food, Not Foreclosures
    allow it to garden vacant lots from the thousands of foreclosures in the county’s inventory and allow its volunteers to plow and plant them in order to grow fruits and vegetables for needy locals. Similar to other parts of the nation’s Rust Belt, the county’s real estate market — particularly Detroit — is suffering. The pilot program would start A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich.,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Local Market Perspective: Seattle, Wash.
    In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have seen under 10 that are decent over the past month. Because of the lack of “urban sprawl” in Seattle we do not have the inventory of foreclosure homes that the rest of the country has. say this all the time to my buyers, at auction there is a huge crowd competing over six to 10 properties. Over the past three months, my clients and I have presented nine contracts to pre-foreclosure, REO and short sale sellers. Out of those nine contracts, nine have been beat by
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE