|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
Foreclosure Real Estate Property
The total number of foreclosure filings – notices of defaults, auction notices and bank repossessions fell by 9% from March to April, 2010 and 2% compared to last year. This is the first decline since 2006.
However repossessions of homes have increased. Real Estate Owned or REOs have spiked as homeowners are walking away from homes that are underwater where they owe more than the value of the home. The other reason is that banks are working through their backlog and repossessing more homes.
Have Foreclosures bottomed out?
CLICK HERE to read story on foreclosure trends.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Foreclosures Decrease finally, Real Estate Owned (REO) Increase is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
- Foreclosures delays bring reprieve to 1 million homeowners Foreclosure actions — including default notices, auction sale notices and bank repossessions — will be filed on about 2 million homes this year, 1 million fewer than there should be......
- Foreclosures plunge making it biggest drop on record The number of foreclosure notices filed in February dropped 14% compared with a month earlier and 27% compared with a year earlier, according to RealtyTrac. That was the biggest year-over-year......
- Foreclosures drop due to robo-signing scandal Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year. In total, there......
