The national market for foreclosed homes remains strong. According to foreclosure data firm RealtyTrac, foreclosure activity increased 1 percent in August as compared to the month prior, climbing to just above 193,500 units nationwide. 1 in every 681 U.S. households received some form of foreclosure filing last month where a ”foreclosure filing” is any one of [...]
Foreclosures, Short Sales and REOs
Foreclosure Starts Rise For Second Straight Month
July 17, 2012 By Leave a Comment
The number of U.S. homes receiving foreclosure notices topped one million through the first six months of 2012, according to RealtyTrac. There were 1.046 million foreclosure filings between January – June 2012, says the foreclosure-tracking firm in its Midyear 2012 Foreclosure Market Report. The tally represents a 2 percent increase from the immediate six months prior. [...]
Short Sales and Foreclosures: Batavia, Geneva, St. Charles May 15, 2012
May 16, 2012 By Leave a Comment
Just about every client I work wants to know how short sales and foreclosures will affect them. If you’re a home buyer, you have heard that these can be a great deal but hard to buy. If you’re a seller, you need to understand how distressed property sales bring down the value of traditional sales [...]
What is a Short Sale vs a Foreclosure?
December 19, 2011 By 1 Comment
What’s the difference between a short sale and a foreclosure? Most people know that short sales, foreclosures, bank-owned properties and REOs are all some kind of a distressed property. A short sale is one where the homeowner owes more on the house than they can sell it for. A homeowner with a hardship situation (job [...]
