Tag: REO
What Does Pre Foreclosure Mean
What Does Pre Foreclosure Mean What Does Pre Foreclosure Mean Pre foreclosure is a process that starts with the lender sending a notice to the borrower about their default. The borrower will then have to pay back the loan and make sure they are not in default. In this article, we’ll be discussing what pre…
Foreclosure Home Prices Highest Since February 2005
We knew this was coming… back last month when Pending home sales rose 6.7% to the highest level since late 2006. Contract activity was at the strongest pace since December 2006 and Pending Sales have been above year-ago levels for the past 25 months. At the time, Existing-home sales were projected to increase 8.5 to…
Foreclosure Filings Hurricane. Are We in the Eye?
Foreclosure Filings nationwide have dropped to their lowest level since July 2007. Are we in the eye of the storm or is the worse behind us? That is the million dollar question I will attempt to answer. To begin, national overall foreclosure filings dropped 5% from March and are down 14% from a year ago,…
Nevada New Home Market Improves Despite Expansion of Repo Home Listing
Although the supply of distressed properties in Nevada as well as properties under repo home listing continues to edge out new houses, subdivision development projects are starting to emerge in the region. According to housing market analysts, subdivision developers and new home builders are seeing signs of improvement in the new home industry and are…
Understand the Way Foreclosure Works
The foreclosure procedure differs from one state to another. The legitimate process that is followed by the banks and mortgage lenders is known as the foreclosure process. This procedure is followed when the banks and the lenders repossess the property of the homeowners that are unable to make the payment for the mortgage loan. While…
Purchasing REO Properties is Beneficial for the Investors
For investors and prospective homeowners that are serious about purchasing the foreclosed properties, there are certain essential tools that they should use. There is really no use in looking at the newspapers daily or driving around the town, to see the foreclosed properties or those that are in various stages of foreclosure. One of the…
Using the Foreclosure List to Search for Foreclosed Properties
For those that are particularly interested in purchasing the foreclosed properties, the ‘Countrywide foreclosure list’ is a very powerful weapon. The list has approx. 15,000 properties that are listed that include all types of properties across the country. Both bank owned and properties that have been foreclosed find a mention in this list. Many of…
CoreLogic States: Foreclosure Rate in February 2012 Moved Down
The real estate database firm, CoreLogic tracks all the foreclosure activities that are going on all across the country. Recently, it has published the National Foreclosure Report for the month of February which reveals the present status of delinquency rates and foreclosure inventory in the country. According to this report, there were nearly 65,000 foreclosure…
MRIS Adds RealtyTrac to its Suite of Products
Rockville, MD November 7, 2011 — MRIS customers now have the option to access two million national pre-foreclosure, auction and REO properties in the U.S., as well as newsletters, distressed property sales training, and property valuation tools via t