Total Shadow Inventory for the top 25 states: Percentage of distressed sales (short sales and foreclosures) by state: Number of months it would take to clear the shadow inventory at today’s sales pace. Note: this is assuming only shadow inventory … Continue reading
We all know that the foreclosure problems in the US are pretty serious right now. Hundreds of thousands of “home owners” are underwater, and owe far more on their homes than they could ever sell them for. Many of these … Continue reading
While nationally foreclosures were down slightly during June, for Governement backed Fannie Mae loans, the foreclosure amounts actually increased. One of the reasons for this might be the increase in the number of FHA and Fannie loans that began with … Continue reading
What are foreclosures? They are the way to get money back when a debt is not paid. NOD – Notice of Default – The first step to being “in foreclosure” is receiving the notice of default. Missing payment is just … Continue reading
This stat is pretty sick. Well you know all the talk about HAMP loan modifications, making homes affordable so that people don’t foreclose, going through hoopes to give default borrowers below market rate loans, and reduce principle. Well, according to … Continue reading
We all know that the housing market, the number of distressed borrowers, and the number of future foreclosure homes is bad, but is there actually light at the end of the tunnel? According to DN news the number of default … Continue reading