Foreclosure numbers during last year dropped to 1.89 million in 2011, a decrease of 34 percent from 2010. Foreclosure filings are expected to rise again. in 2012.
Foreclosures
Learn about foreclosure properties, how to prevent foreclosure, and where to look for foreclosure/reo investment properties.
Housing Market Expected To Rebound This Year
January 12, 2012 By Leave a Comment
A study that involved thousands of ReMax real estate agents revealed that the housing market will start to recover in 2012, with an increase in sales and stabilizing home prices. The majority of Realtors surveyed believe that home prices will stay the same, or increase during 2012. However, the number of foreclosure (distressed) sales are […]
Transforming Foreclosures to Rental Properties?
January 10, 2012 By Leave a Comment
The US Treasury Department along with The Federal Housing Finance Agency and the U.S department of Housing and Urban Development (HUD) have been working on a new program that would transform foreclosed homes into rental properties. Details of the program are currently very limited, however a foreclosure rental program is expected to take shape sometime […]
Foreclosures and Short Sales The New Norm
January 2, 2012 By Leave a Comment
Foreclosures and short sales are expected to represent even more market share during the coming year.
FHA Extends 90 Day Flipping Rule Waiver Through 2012
December 29, 2011 By Leave a Comment
The Federal Housing Administration (FHA) is extending the “anti-flipping” waiver through 2012. The waiver allows home buyers to purchase houses using FHA financing that had been previously sold within the past 90 days.
Utah Among Top 10 in Foreclosures
December 15, 2011 By Leave a Comment
In terms of number of foreclosures, Utah currently ranks fourth in the nation with 1 out of every 290 homes being taken back by the bank. Moreover, the number of foreclosures in Utah increased 74% in November from October. Nevada ranked first in number of foreclosures for the 59th month in a row. Ironically, Nevada […]
Nine Facts About Today’s Real Estate Market
October 7, 2011 By Leave a Comment
What’s really going on in today’s real estate market? Here are nine facts about trends taking place in the 2011 housing market.