Mortgage Rates & News from The Mortgage Reports » Foreclosures

Foreclosures : There’s A New #1 State For Foreclosure Activity

Dan Green — Thu, 19 Apr 2012 15:39:26 +0000

After more than 5 years, Nevada is no longer the top state for foreclosures. Guess who's the new number one. (HINT: It's NOT California).

Click for the complete post : Foreclosures : There’s A New #1 State For Foreclosure Activity.

Foreclosed Homes Finally “Spreading Out” Across All 50 States

Dan Green — Wed, 22 Feb 2012 14:57:16 +0000

Buying a foreclosed home? Spring 2012 may be your best chance yet. A combination of aggressive legislation and low mortgage rates have left today's market ripe for value.

Click for the complete post : Foreclosed Homes Finally “Spreading Out” Across All 50 States.

These 4 States House 50% Of The Nation’s Foreclosure Filings

Dan Green — Wed, 18 Jan 2012 14:01:45 +0000

Buying a foreclosure? Get a move on. Foreclosure activity fell to a 49-month low last month, and figures to be even lower through 2012. See where foreclosures are occurring, and where they're not.

Click for the complete post : These 4 States House 50% Of The Nation’s Foreclosure Filings.

Foreclosures : The Last “Great Deal” In Housing Is Endangered

Dan Green — Thu, 15 Dec 2011 15:20:12 +0000

The number of foreclosed homes for sale is dwindling, yet buyer demand for them surges. Remember that highly-publicized, 25% discount for buying a bank-owned home? It's about to go away. If you're looking at foreclosures, here's where to find them.

Click for the complete post : Foreclosures : The Last “Great Deal” In Housing Is Endangered.

Buy A Foreclosed Home, Get A Great, Low Mortgage Rate

Dan Green — Tue, 18 Oct 2011 10:22:01 +0000

With each passing month, there are fewer and fewer foreclosures nationwide. Foreclosures are down on a year-to-year basis for the 12th straight month.

Click for the complete post : Buy A Foreclosed Home, Get A Great, Low Mortgage Rate.

Default Notices Surge In August; Foreclosures Poised To Rise?

Dan Green — Thu, 15 Sep 2011 14:25:41 +0000

Default notices made their biggest one-month jump since August 2007 last month, on the way to a 9-month high. This may foreshadow a large number of bank repossessions in the months ahead.

Click for the complete post : Default Notices Surge In August; Foreclosures Poised To Rise?.

Foreclosures As A Percentage Of All Home Sales, By State

Dan Green — Fri, 26 Aug 2011 13:54:57 +0000

In some states, more than half of home sales are for homes in foreclosure. Where does your state rank?

Click for the complete post : Foreclosures As A Percentage Of All Home Sales, By State.

Where To Find The Biggest Foreclosure/Short Sale Discounts

Dan Green — Fri, 12 Aug 2011 14:10:36 +0000

Foreclosure filings nationwide fell 35 percent in July 2011, a statistic that hints at the ongoing housing recovery. So, with less REO, where will you find the best "deals"?

Click for the complete post : Where To Find The Biggest Foreclosure/Short Sale Discounts.

June Foreclosure Stats : Distressed Homes Sell At 20% Discount

Dan Green — Thu, 14 Jul 2011 12:34:58 +0000

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June.

Click for the complete post : June Foreclosure Stats : Distressed Homes Sell At 20% Discount.

REO Volume Plummets; Homes Now Sell At 20% Discount

Dan Green — Fri, 13 May 2011 10:14:10 +0000

National Association of REALTORS® says foreclosures sell at a steep, 20 percent discount relative to non-distressed homes. There's bargains to be had -- you just need to know where to find them.

Click for the complete post : REO Volume Plummets; Homes Now Sell At 20% Discount.

Are The “Good Deals” In Foreclosures A Thing Of The Past?

Dan Green — Mon, 18 Apr 2011 14:49:02 +0000

If you're shopping for bank-owned homes, supplies may be limited. Foreclosure filings are down 35% since last year. That's a big number. See how your state stacks up.

Click for the complete post : Are The “Good Deals” In Foreclosures A Thing Of The Past?.

To Find The Best Foreclosures, You Have To Know Where To Look

Dan Green — Fri, 11 Feb 2011 15:07:23 +0000

There's good foreclosure buys out there, but it's getting harder to find them as bank REO slips. The trick is to search the databases that the other buyers aren't.

Click for the complete post : To Find The Best Foreclosures, You Have To Know Where To Look.

Foreclosure Distribution In The United States (2005-2010)

Dan Green — Mon, 24 Jan 2011 15:14:11 +0000

If you're in the market for "a good deal" -- as an investor, first-timer, or move-up buyer -- here's a guide for where to find foreclosures. Hey -- they're 15% off.

Click for the complete post : Foreclosure Distribution In The United States (2005-2010).

Foreclosures Selling At 15% Discount But Inventory Is Thinning Out

Dan Green — Thu, 23 Dec 2010 16:45:36 +0000

For the first time since February 2009, the monthly foreclosure filings retreated below 300,000. The pace of foreclosures is slowing nationwide. Or is it?

Click for the complete post : Foreclosures Selling At 15% Discount But Inventory Is Thinning Out.

September 2010 : Foreclosures Sold At 26 Percent Discount

Dan Green — Tue, 19 Oct 2010 13:53:18 +0000

The average sale price on a home in some stage of foreclosure was 26 percent lower last month than homes *not* in some stage of foreclosure.

Click for the complete post : September 2010 : Foreclosures Sold At 26 Percent Discount.

How Banks Are Making It Harder To Get A Foreclosure “Steal”

Dan Green — Mon, 20 Sep 2010 10:46:55 +0000

NAR says home buyers get a "distressed home discount" of roughly 15 percent. Banks are working to reduce that number.

Click for the complete post : How Banks Are Making It Harder To Get A Foreclosure “Steal”.

The 80/20 Rule No Longer Applies To REO and Foreclosures

Dan Green — Fri, 16 Jul 2010 14:28:26 +0000

The 80/20 Rule no longer holds true with respect to foreclosures. In Q2 2010, the 10 most foreclosure-heavy states now account for just 70 percent of foreclosures. That's a big drop for a 12-month period. Based on RealtyTrac data, foreclosures haven't been this un-concentrated since 2007.

Click for the complete post : The 80/20 Rule No Longer Applies To REO and Foreclosures.

Finding Foreclosure Deals : Bank Repossessions Reach An All-Time High

Dan Green — Fri, 11 Jun 2010 13:22:30 +0000

The National Association of Realtors® says the typical "distressed home discount" ranges near 15 percent. Buying foreclosed homes can be an excellent value if you find REO in livable condition.

Click for the complete post : Finding Foreclosure Deals : Bank Repossessions Reach An All-Time High.

Comparing The Foreclosure Rate Per Household By State (April 2010)

Dan Green — Mon, 17 May 2010 14:27:24 +0000

9 of the top 10 leading metropolitan areas for foreclosure-related activity showed a drop in annual activity. Only Reno, Nevada showed an increase.

Click for the complete post : Comparing The Foreclosure Rate Per Household By State (April 2010).

Chart : Foreclosures Per Household By State (March 2010)

Dan Green — Mon, 19 Apr 2010 12:07:34 +0000

There's 11 days left to claim the government's home buyer tax credit and if you're among the thousands of buyers with their sights on foreclosures, the timing may be perfect. There's been 257,000 new bank REOs since January.

Click for the complete post : Chart : Foreclosures Per Household By State (March 2010).