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Tag Archives: foreclosures

Foreclosures Fell to Seven Year Low Last Year

Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 1,361,795 properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million total properties with foreclosure filings in 2013 was the lowest annual total since 2007, when there were 1.3 million properties with foreclosure filings. Read More »

Boomerang Buyers Can’t Get a Loan

A growing number of the 7 million former home owners who lost their home either to foreclosure or short sales can't shake the homeownership bug, Now that the housing sector is recovering, many of these "Boomerang Buyers" are back in the market but many are failing to get financing. Read More »

Fewer Delinquencies Cost Lenders Jobs

For the past six years, mortgage delinquencies, often a result of homeowners losing their jobs, created employment among mortgage servicers who process delinquencies and defaults. Now the shoe is on the other foot as declining numbers of delinquencies are costing lenders jobs. Read More »

REOs and Short Sales Drive up Prices

Though in past they have been a drag on local home values, foreclosures and short sales actually are now rising in price so much faster than normal homes that they are driving up price increases and pulling normal homes with them. Read More »

Home Sales Soar as Inventories Grow and Investors Withdraw

Rising inventory levels during the final months of the buying season are dramatically boosting sales and prices have continued to increase as the forces driving the housing recovery shift from lack of supply to demand. Sales are soaring despite new evidence that investors are buying fewer properties. Read More »

Investors Plan to Reduce Purchases

Real estate investors are responding to higher prices by buying fewer properties in the next 12 months and holding their rental properties at least five years or longer, according to a national survey of real estate investors conducted by ORC International for MemphisInvest.com and Premier Property Management Group. Read More »