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Tag Archives: Foreclosures

Vacation Home Sales Rise in 2013; Investment Purchases Fall

Vacation home sales rose in 2013, while investment purchases fell below the higher levels seen in previous years, according to the National Association of Realtors (NAR). NAR’s 2014 Investment and Vacation Home Buyers Survey found vacation-home sales jumped 29.7 percent to an estimated 717,000, while investment-home sales fell 8.5 percent to an estimated 1.1 million in 2013.

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Home Prices Post Gains in February

CoreLogic released its Home Price Index (HPI) for February, which found that home prices increased by 12.2 percent from the previous year. The CoreLogic figure includes home prices of distressed sales, and represents 24 months of consecutive year-over-year increases in home prices nationally.

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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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Foreclosure Sales to Play ‘Diminishing Role’ in 2014

Real Estate Market

Distressed properties have decreased to start off 2014, according to a new report from LoanLove.com. Following an anticipated marked decrease in distressed properties, the report found that U.S. foreclosure filings in February dropped to the lowest level experienced in over seven years.

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Distressed Sales and Investor Purchases Fall in February

U.S. residential sale volume decreased in February, with distressed sales and investor purchases also pulling back for the month. RealtyTrac's February 2014 Residential & Foreclosure Sales Report found that U.S. residential properties slid .2 percent from January, but remain up 7 percent from the same time period a year ago.

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Should States Fast-Track Foreclosures?

A new study released by the Federal Reserve Bank of Cleveland suggests that fast-tracking foreclosures on vacant properties could provide states with substantial savings. Researchers Kyle Fee and Thomas J. Fitzpatrick used two judicial states, Ohio and Pennsylvania, to show that savings from fast-tracking could save at least $24 million annually.

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Foreclosures Decrease as Market Recovers

DataQuick revealed its monthly Property Intelligence Report (PIR), showing that foreclosures have decreased in 31 of the 42 reporting markets over the last month, quarter, and year. Along with a general decrease in foreclosures across the measured markets, DataQuick reports that January home price growth has leveled off in nearly all markets, even turning negative in others.

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New Analysis Seeks to Reduce Foreclosure Timelines

Oversite Data Services, a national provider of docket-based legal compliance and management solutions, released a white paper Tuesday that demonstrates how court data-based management of foreclosure cases can reduce foreclosure timelines and improve portfolio management. The analysis is based on a dataset of over 50,000 foreclosure loan files.

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Foreclosures Rise in January; Decline Yearly

RealtyTrac released its U.S. Foreclosure Market Report for January, 2014. The report noted an 8 percent increase of reported properties from the previous month, citing 124,419 properties in foreclosure filings (default notices, scheduled auctions, and bank repossessions). Year-to-year, January, 2014 represented an 18 percent drop from January, 2013.

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