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Tag Archives: Auctions

The Evolution of the REO Landscape

auction

Patrick McClain, SVP of Hubzu Auction Services, talks to DS News about how the REO space has evolved in recent years, the challenges of operating amidst low foreclosure inventory, and how struggling homeowners are benefitting from options such as short sales.

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Foreclosure Filings Fall in May by 5%

Foreclosure filings were reported on roughly 110,000 U.S. properties in May, a 5 percent decrease from April, according to RealtyTrac's latest U.S. Foreclosure Market Report. Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were down 26 percent year-over-year in May to the lowest level since December 2006.

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Massachusetts Foreclosure Activity Decreases in February

A new report issued by the Warren Group found the number of foreclosure petitions dropped by 48.7 percent in Massachusetts for the month of February. The monthly drop represented 18 consecutive months that petitions have decreased on a year-over-year basis in the Bay State.

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