Survey Finds Short Sales Outnumber REO in January Purchases

 · Time after time, I see sellers attempting to sell via a short sale and time after time eventually see the property end up being foreclosed upon or Real Estate Owned (REO). By their own numbers, banks realize a higher return by accepting a short sale offer vs. a foreclosure offer, but yet the situation is not getting any better.

How To Wholesale A Bank Owned Property | Wholesaling 101 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.

Eminent domain debate turns the mortgage industry libertarian Downpayment requirements fall for 30-year, FRMs Survey Finds short sales outnumber REO in January Purchases 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.

 · For comparison, so far in January, 23% of SFH sales in King County have been REO, 11% were short sales, and the remaining 66% were “non-distressed.” Holy Cow! If we keep up this pace, it will put massive pressure on the tectonic plates, and we could.

I have two short sales going right now that have been in the works since November of last year. One of the banks, after five months has finally reviewed all the paper work on one of the short sales, (a simple offer to purchase property) and assigned a negotiator to deal with the purchase contract.

Chicago area home prices up 14 percent in October Chicago-area home prices up 3.8% year-over-year Joe Zekas 1/8/15 According to the recently-released corelogic home Price Index (HPI) report, home prices nationwide, including distressed sales, increased 5.5 percent in November 2014 compared to November 2013.

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 · Home sales saw a seasonal drop in January, while prices remained stable from the previous month but up 22 percent from 2013, according to the regional housing statistics from the Greater San Diego Association of Realtors (SDAR).. Banks, homeowners prefer short sales over foreclosures.. Real estate trends center on low inventory. Low.

Widespread principal reductions could save taxpayers $2.8 billion 3 Jacob Gaffney, Widespread principal reductions could save taxpayers $2.8 billion, HOUSING WIRE, May 1, 2013. 4 Lawrence Summers, Why the housing burden stalls America’s economic recovery, FINANCIAL TIMES, Oct. 23, 2011 ("Surely there is a strong case for experimentation with principal reduction strategies at the local level").

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The westpac-melbourne institute consumer sentiment index rose 1.8 per cent to a four-year high of 105.1 in January. A reading above 100 indicates optimists outnumber pessimists. why did ‘Black.