Tag Archives: REO

While the housing market has made measurable strides toward recovery in the last two years, the coming year could bring the start of another downturn, one expert says. Delivering comments to a group of REO brokers and agents, Ed Delgado, ...

Maryland may have overtaken Florida for the nation's highest foreclosure rate of any state in October, but Florida still led all states by far in bank repossessions (REOs) for the month, according to RealtyTrac's October 2014 U.S. Foreclosure Market Report released Thursday.

The number of foreclosure filings, which include default notices, schedule auctions, and bank repossessions (REOs), increased by 15 percent from September to October, the largest month-over-month jump since the peak of foreclosure activity in March 2010, according to RealtyTrac's October 2014 U.S. Foreclosure Market Report released Thursday.

Pennsylvania-based law firm KML Law Group, a firm devoted to mortgage foreclosure, bankruptcy, ejectment, REO closing, and other real estate matters for secured real estate lenders, has announced that John F. Goryl, Esquire, has joined the firm as senior counsel as of October 1, 2014.

Foreclosure activity plummeted in New Mexico both in the third quarter and in September, according to RealtyTrac's Q3 2014 Foreclosure Report recently released.

The Wolf Firm, an Irvine, California-based financial services law firm, announced recently the addition of several new attorneys (alphabetically): Mark T. Domeyer, Robert J. Jackson, Scott J. Jackson, Parnaz Parto, and Sonia A. Plesset.

Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, inched upward nationwide in Q3 despite dropping to their lowest level in eight years, according to RealtyTrac's Q3 2014 U.S. Foreclosure Market Report released on Thursday.

Eight states reported a median sales price for distressed homes at less than half the sales price of non-distressed homes in August, according to a report recently released by RealtyTrac.

Residential foreclosures and REO (bank-owned) properties no longer drive distressed property valuations, according to the FNC Appraisals Pipeline Report released earlier in the week.

Fannie Mae and Freddie Mac prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million, the Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention for Q2 2014 released on September 24.