Tag Archives: Foreclosures

Foreclosures Rise in August

Market Analysis – Foreclosures: WASHINGTON — Foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing auctions, industry firm RealtyTrac said Thursday. http://t.co/wZcHqLaoQ7  More Market Analysis   NEW! Follow on … Continue reading

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Foreclosures Down Sharply Over the Last Few Years

As recently as 2011, distressed sales made up a full 30 percent of all housing sales. By 2013, that number had been cut in half to 15 percent, and in the month of June it rested at just 11. While … Continue reading

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Mortgage Modifications

A Mortgage Modification is permanent change in a homeowner’s home loan terms that makes the monthly loan payments affordable. The goal of mortgage modification is to prevent foreclosure. Mortgage modification can benefit homeowners by preventing them from losing their home … Continue reading

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Bank Owned Properties

Bank Owned Properties, also known as real estate owned (REO) properties, are properties that are taken into a bank’s inventory, after a foreclosure sale. Bank-owned property are acquired by a financial institution when a borrower does not make their mortgage … Continue reading

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Foreclosures at 8 year low

Foreclosure activity across the United States dropped to an eight-year low in May as banks reclaimed fewer homes and foreclosure starts saw their lowest levels in years, RealtyTrac said in a report on Tuesday. Foreclosures at 8 year low RealtyTrac, … Continue reading

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Short Sales

Carlisle Mitchell – Houston – Short Sales Carlisle Mitchell – Houston – Short Sales Short sales are purchases negotiated with the owner and lender(s) before foreclosure. Typically the purchase price negotiated is less than the balance owed on the property. … Continue reading

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