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Tag Archives: REO

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 »

Florida Shifts into Reverse

While the rest of the nation's housing markets experience various levels of recovery, most markets in Florida seem to be relapsing to the heyday of the Foreclosure Era after a brief period of improvement. Read More »

REOs Extend Foreclosure Pain

Bank-owned foreclosures (REOs) are taking significantly longer to sell than foreclosures bought and resold by investors, extending the timeline for REO foreclosures even longer than the extraordinary delays for resulting from slower processing. Read More »