Positive News On Real Estate » foreclosures

Foreclosures Lower In 2011

admin — Thu, 09 Feb 2012 15:34:35 +0000

Homes in foreclosure decline by 130,000 homes in 2011 and it is thought to go lower this year.

Declining US Home Values Forecasted to Slow in 2012, Says Zillow
In the fourth quarter, the rate of homes foreclosed edged upward from eight out of every 10000 homes in November to 8.2 out of every 10000 in December. However, the rate was lower than at the end of the third quarter, when 8.6 out of every 10000 homes …

It is thought the new foreclosure deals can help the current marketplace.

Mortgage deal could bring billions in relief
The settlement settles potential state charges about allegations of improper foreclosures based on “robosigning,” seizures made without proper paperwork. Most of the relief will go to those who owe far more than their homes are worth, known as being …
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NAR’s Yun on Foreclosures

admin — Mon, 16 Nov 2009 18:08:11 +0000

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Foreclosures Dipping Nationwide

admin — Thu, 12 Nov 2009 17:22:26 +0000

Foreclosures are dipping as the number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure-prevention programs helped more borrowers.

As an example foreclosure filings in Virginia fell 16 percent from a year ago, RealtyTrac Inc. said today. Also, the filings were down 4.7 percent from September. Those declines could indicate that the problem in the state may be easing.

In Virginia, 5,484 households, or one in every 597 homes, were in some stage of foreclosure activity in October, according to RealtyTrac.

The state was ranked with 19th-highest foreclosure rate in the country. We are seeing lower foreclosure rates nationwide.

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Positive Real Estate News Weekly Wrap Up

admin — Fri, 13 Feb 2009 23:41:44 +0000

Zillows 4th QTR Confidence Survey found that when asked what the near future will bring for their homes, most homeowners expressed optimism, and appear to believe that the worst may be over. According to the survey, more than two-thirds (70 percent) of homeowners believe their home’s value will either increase or stay the same in the first six months of 2009. Only 30 percent believe it will decrease.
January foreclosure filings decreased 10 percent in January 2009, according to RealtyTrac.
The largest sales gain in the fourth quarter from a year earlier was in Nevada, up 133.7 percent, followed by California which rose 84.7 percent, Arizona, up 42.6 percent, and Florida with a 12.5 percent increase.”

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