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Tag Archives: REO

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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Despite Fewer Foreclosure Starts, Distressed Sales Rose in 2013

distressed sales, short sales, REO sales

Despite declining foreclosure starts over the year, distressed sales made up a higher percentage of overall home sales in 2013 than they did the previous year, according to the U.S. Residential & Foreclosure Sales Report released Thursday by RealtyTrac. Foreclosure sales—which include sales to third-party buyers at foreclosure auction and sales of REOs—combined with short sales to make up 16.2 percent of residential property sales in 2013, up from 14.5 percent in 2012. The report also revealed an uptick in cash purchases at the close of the year.

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Delgado – Carrington Out Of REO Trades, 2nd Housing Bubble? – Jun 05,2013

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/4/942/show_4942139.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Join us for the inaugural broadcast of Five Star Radio's Mortgage Markets Today. Ed Delgado, President & CEO of The Five Star Institute discusses the genesis behind Five Star Radio as well as delves into ...

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Fannie Mae Streamlines Expense Processes

Fannie Mae will begin using the HomeTracker Lender Center software to track property preservation efforts conducted by Fannie Mae mortgage servicers. The software, created by Dallas, Texas-based HomeTelos, will allow Fannie Mae to streamline the approval process servicers use to make requests for property preservation expenses by created standardized rules and processes for all user requests.

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Detroit REO Brokers Improve Work With City

REO brokers that work in Detroit are seeing shorter wait periods for city inspections and increased access to records at the Detroit Water Department, according to a release by the Detroit Association of Realtors’ REO Task Force.

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