Some interesting data from FNC: Foreclosure price discounts drop to pre-crisis levels Though home foreclosures continue to be a challenge in many hard-hit markets, a report released this week by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul. According to FNC’s Foreclosure Market Report, foreclosure prices have...
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From RealtyTrac: U.S. Foreclosure Starts Fall to Six-Year Low in January RealtyTrac® … today released its U.S. Foreclosure Market Report™ for January 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 150,864 U.S. properties in January, a decrease of 7 percent from the previous month and...
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Two foreclosure reports: one national predicting an increase in distressed sales; the other regional (west) predicting less foreclosure inventory. Both could be correct … (Update: the reports have conflicting data for California – on that one is probably wrong!) RealtyTrac released their midyear foreclosure report this morning: 1 Million Properties With Foreclosure Filings in...
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First a few excerpts from this article by Diana Olick at CNBC: When Foreclosure Supplies Fall, the Bottom Falls Out of Housing While foreclosures brought home prices down initially, they are now driving them up because there is so much demand from investors and first time buyers, looking for bargains. Supplies of these cheap...
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This was released earlier this morning by RealtyTrac: U.S. Foreclosure Activity Shifts Eastward in April RealtyTrac® … today released its U.S. Foreclosure Market Report™ for April 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 188,780 U.S. properties in April, the lowest monthly total since July...
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Earlier I posted some thoughts and details on BofA suing BofA in a foreclosure case in Florida. Here are some more details. The condo was purchased in April 2005 for 0,000. The first was for 2,691.20. This was probably a 90% loan with costs rolled in (ht Z). The HELOC was authorized in September...
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From RealtyTrac: Q1 2012 Foreclosure Activity Lowest Since Q4 2007 RealtyTrac … today released its U.S. Foreclosure Market Report™ for the first quarter of 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 572,928 properties during the quarter, down 2 percent from the previous quarter and...
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CR Note: There are only a few areas where the MLS breaks down monthly sales by foreclosure, short sales and conventional (non-distressed) sale. I’ve been tracking the Sacramento market to watch for changes in the mix over time. (here was my post this morning: Distressed House Sales using Sacramento Data) Economist Tom Lawler sent...
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The housing bubble and bust exposed the poor quality of publicly available U.S. housing data. One area of improvement is the various house price indexes now available that didn’t exist in January 2005 when I started this blog. But that data isn’t always timely, and the details aren’t always public. There is a long...
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The Courts of Justice Civil Laws subcommittee in the Virginia House of Representatives reviewed a bill Monday that would force banks to maintain up-to-date records tracking the ownership of mortgage loans. Although the committee was scheduled to vote on the bill, the vote was pushed back to next Monday Jan. 24, according to a...
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