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53REO Listings: Another Record in New REO Properties
Bank repossessions – the actual foreclosure on a home and conversion to an REO (Real Estate Owned) property – hit a record high in May 2010 for the second month in a row, according to foreclosure experts...
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56REO AGENTS BRACING FOR WAVE OF DELUXE FORECLOSURES
Up until now, the middle class has been hardest hit by plummeting home prices and a bad real estate market. This has resulted in massive mortgage defaults, the tidal wave of foreclosures and the historic...
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51REO Listings Update: REO Foreclosures Set Third Record In Last Five Months
Just as predicted by many experts, bank foreclosures, instead of finally declining, are instead hitting new heights as we head into the final quarter of the year. In August, according to online foreclosure...
0 comments56REO Listings: Stopping Foreclosures Will Threaten Housing Recovery
REO sales have become an increasingly important sector of the real estate market, especially in states that have been hardest hit by the housing crisis. For example, foreclosure sales made up 56 percent of...
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57REO LISTINGS TRENDS: FORECLOSURES CONTINUE TO CLIMB
Just when everyone thought the level of mortgage defaults couldn’t get any worse, it did in the second quarter of 2009. It’s now clear the REO properties will continue to be a major factor in real...
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50REO LISTINGS TRENDS: RECORD FORECLOSURES, RECORD DELINQUINCIES
REO properties will continue to make up a large part of the housing market for some time to come, judging by the latest foreclosure and mortgage data. In July, foreclosures were up 7% from June – and 32%...
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54REO Listings: Foreclosures Still A Major Force
If you’re hearing news that the real estate market is coming back and that foreclosures are going away, you’re hearing from people who aren’t really looking at the facts. And here are some of those...
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55REO LISTINGS TRENDS: UNEMPLOYMENT AND HOUSING BUBBLES
While most real estate agents and brokers are desperately searching for signs that the housing market is recovering, those signs are simply not there yet. The foreclosures keep flowing with no let up in...
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54THE ROOTS OF THE REO BOOM
Everyone knows the economy is bad – and that it all started with the housing crash. Foreclosures continue to fill up the airwaves – but just how bad is it? We often hear conflicting reports – home...
0 comments50REO Listings: Foreclosures Account For Half of All Home Sales
More than 3000 real estate agents surveyed nationwide were asked what’s really going on with today’s housing market – and, according to them, distressed home sales, including REO properties, made up over...
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