Survey Finds Short Sales Outnumber REO in January Purchases

Despite the overall decrease in distressed sales and investor activity, the survey reported short sale activity has gone up for investors, with investor short sale purchases up to 35.3 percent, an increase from 31.8 percent in March and 30.5 percent in April 2012.

Senators craft extended mortgage relief for military Foreclosure aid programs lifted by $70.1 million in neighborworks funds rhode Island Legal Services, a nonprofit that helps citizens in the state, received $1.57 million in foreclosure prevention funds from the state’s attorney general Peter Kilmartin this week.Military homeowners with PCS orders and are underwater on their homes will be immediately eligible for short sales under guidance from Mortgage Services. Servicemembers can wind up saving thousand.

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Each month the Shenehon Center for Real Estate at the University of St. Thomas’ Opus College of Business looks for real estate trends in the 13-county Twin Cities region and tracks the median price for three types of sales: nondistressed or traditional; foreclosures; and short sales (when a home is sold for less than the outstanding mortgage.

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Short sale fraud fears Grow as HAFA Gets Set to Pop Morgan Stanley surprised by reported Citi settlement size  · Morgan Stanley (NYSE: MS) Thus far for Q2 earnings we have seen 229 companies in the S&P 500 report earnings. Of those 229, 155 have reported earnings above expectations.Short Sale Fraud Fears Grow as HAFA Gets Set to Pop Posted on March 10, 2010 by Stout Law Firm LOCAL REAL ESTATE ASSOCIATIONS KEEP AGENTS HONEST Lenders are building buffers to protect themselves from an anticipated rise in borrower fraud when the home affordable foreclosure Alternatives (HAFA) program launches on April 5, 2010 and prompts a.

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Survey finds nearly 50 percent of home purchases are distressed properties.. average home prices for all four categories of properties–damaged REO, move-in ready REO, short sales, and non-distressed–declined from January to February in the latest survey. Residential, Marketing, Settlement.

Notice of foreclosure sale: Homes that received a notice have been scheduled for a foreclosure sale, but the homeowner may still find a way to keep the house. Real estate owned (REO): Bank-owned homes post-foreclosure. In 2010, only 2,800 Florida properties made it through the foreclosure process to become REOs.

Site Map of properties in the Sussex County MLS. Investors Set Home Buying Sights on Short Sales, Latest HousingPulse Survey Finds; Ironhorse Ranch; Irons Acres;. Short Sales; Short Sales Outnumber Foreclosure Sales For Third Straight Quarter;

Short sales accounted for 15.9% of home purchases in January, surpassing the share of other distressed property activity, when real estate owned (REO) properties are measured separately, according to a monthly Campbell/Inside Mortgage Finance (IMF) survey of more than 1,500 real estate agents, conducted by Campbell Surveys.

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