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Category Archives: REO
What’s Up With All The REO’s?
Five years into the housing crisis, and foreclosures remain elevated. We’ve seen temporary lulls in home repossessions that coincided with the implementation of new state and municipal mediation efforts, moratoria enacted as federal programs ramped up, and suspensions of filings … Continue reading
Foreclosure backlog could take “decades” to clear
The number of seriously delinquent mortgages in the nation’s largest metropolitan areas slowed this year, according to a new study from the Urban Institute. But foreclosures remain a burden on the housing market, prompting the policy research group to call … Continue reading
Trulia says more foreclosures coming. Do you know how to sell a 203K home?
Real estate research and marketing firm Trulia said employment figures improved slightly at the end of 2011, making it possible for more borrowers to pay their mortgages next year. While Trulia says this trend could reduce 2012 delinquencies, the company … Continue reading
Posted in 203k Rehab Loan, Foreclosure, REO, Real Estate News
Tagged 203k, 203k contractor, 203k home impovment loan, 203k loans, 203k Los Angeles, 203k Orange County, 203k remodeling, California home sales, Foreclosure, Foreclosure Wave, orange county 203k contractor, REO, robo signing, robo-signing mess, robosigning, trulia
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REO Properties Are Moving Faster
Homebuyer demand appears to be intensifying, especially among lower-priced REO properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released Tuesday. Time-on-market for move-in ready REO was just 10.1 weeks in November, the lowest in 15 months, according to … Continue reading
Posted in Foreclosure, REO, Real Estate News
Tagged abandoned foreclosures, California Foreclosure, Fix and Flip, Foreclosure activity, move-in ready REO, Orange County fix and flip, orange county remodeling contractor, Orange County REO, Orange County Short Sales, REO, reo contractor, REO properties, short sale
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BofA Develops Rental Program
Bank of America is looking at a new program to rent a home back to the borrower after foreclosure. ”There are programs that we are quite interested in,” said Ron Sturzenegger, who leads the bank’s legacy asset servicing division. “We … Continue reading
Posted in Foreclosure, REO, Real Estate Investing
1 Comment
Las Vegas No Longer Top Foreclosure City, Hello Stockton Calif.
Las Vegas is no longer the top foreclosure city in the country. A new Nevada law that went into effect in October caused many mortgage servicers to pause the foreclosure process, knocking Vegas off the spot it held for 22 … Continue reading
Posted in Foreclosure, REO, Real Estate News
Tagged 203k contractor, 203k home impovment loan, 203k home improvement, 203k Los Angeles, 203k Orange County, Foreclosure, Home Improvment, Home Remodeling, las vegas forclosure, orange county remodeling contractor, REO, stockton california 203k, stockton forclosure
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Foreclosure Timeline Lengthened 140 Days Over Last Year
Mortgages backing homes that were foreclosed on in September had been delinquent for an average of 624 days, according to Lender Processing Services (LPS). That’s up from 484 days in September of last year, just before the processing issues surfaced. … Continue reading
Report: Fewer Distressed Sales in California
While the share of distressed sales – REOs and short sales – is on the rise when tallying numbers nationwide, it’s falling in California. The California Association of Realtors (C.A.R.) reports that the total share of all distressed property types … Continue reading
Foreclosure Limbo and a Growing Shadow Inventory
Foreclosure time lines and an abundance of distressed home sales are causing wide fluctuations in shadow inventory across the country. On the whole, it is estimated that 5.3 million homes are in limbo between foreclosure and the sales market. Standard … Continue reading
Managing the Wave of Foreclosures Coming
Reprint from CNBC’s Diana Olick “You can talk all you want of renewed interest in housing, slowly increasing sales and supposed stabilization in prices, but the elephant in the room is slowly growing, and banks, Fannie, Freddie and the government … Continue reading
Posted in Foreclosure, Politics, REO, Real Estate News
Tagged Fannie Mae, Foreclosure, foreclosure mess, Foreclosure Wave, Freddie Mac, HAMP, Shadow Inventory
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