REOCON 2013: An update on short sale and REO trends

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Save Your Home | Mike Bjorkman Short sales are a joke. You have about a 1/100 chance of actually completing one if you make an offer. They are next to pointless. Anything REO or Standard sale right now in Southern Riverside county is getting multiple offers left and right. We’ve put offers on 5 properties and they have all turned into bidding wars that we jumped out of.

Those trends bore out across the nine-county bay area. home values and a shift in the types of homes that were sold, as the number of foreclosure resales and "short sales" continued to decrease..

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Although the rating agency acknowledged positive housing trends in 2012. equity-in-q3-2013-01-17 are underwater. In addition to economic issues, DBRS also says shadow inventory threatens the.

 · It includes info on foreclosures, short sales, how to buy, mortgage information, first time buyers, green initiatives for your home and lifestyle, luxury homes, homes for sale, home for sale, properties, property Lots of useful links and useful info, inlcuding access to all homes for sale.

Single-Family Distress Sales is a figure that displays the monthly number of Real Estate owned (reo) sales and short sales. REO sales are homes that have been repossessed by lenders through foreclosure and then sold in the market. Short sales, on the other hand, are homes that were sold for an amount below the owner’s outstanding mortgage.

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Programs to Stop Foreclosure – How To Refinance Mortgage – If your mortgage situation is getting out of control but not as urgent as immediate foreclosure, you may consider government supported loan modification, HARP, a short sale, or hard money loans. If there is equity in your home you may get a home equity loan. Take a moment to explore your options.

Foreclosure Activity for the U.S. The number of new foreclosure filings compared to the 30-year interest rate.

The nation turned a corner since entering a foreclosure crisis more than four years ago, analysts attending the 2013 REOCON Summit & Expo said monday. speaker daren blomquist, vice president of RealtyTrac, elaborated on 2012 short sale and REO trends when speaking to Realtors attending the conference in Dallas.

U.S. Real Estate Trends uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.