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According to Q3 2014 Residential and Foreclosure Sales Report by RealtyTrac, the median sales price of distressed residential properties last September is 37 percent below the sales price of non-distressed properties across the country. Distressed residential homes median price, which includes both foreclosures and bank-owned when sold, was $130,000 nationwide ...
RealtyTrac released last Thursday, October 30, their Q3 2014 Zombie Foreclosure Report where it shows that 117,298 homes in active foreclosure process has already been vacated by the homeowners before the entire foreclosure process has been completed, which represents 18 percent of all active foreclosures nationwide. All these vacated properties ...
You may have heard about homeowners 62 years and older choosing reverse mortgage and under such circumstance, the property was foreclosed. You may ask, why did this happen? In what circumstances can this occur? To answer your questions and to learn more about reverse mortgage, below are some facts? What ...
HUD homes have become a very hot commodity in today’s housing market because of the opportunity for investment. The Department of Housing and Urban Development acquire these homes as a result of an FHA-insured mortgage being foreclosed. HUD then becomes the property owner and offers the sale of these homes ...
Many Millenials are moving to the Charlotte area. RealtyTrac, a real estate information company, recently analyzed data from the Census Bureau and they were able to track the migration patterns of millennials from 2007 to 2013. As you can see from the map and the information these generation y buyers are on ...
Are you eyeing to purchase a foreclosed property? Then you should learn how to get in touch with the possible owner of your future home. Homeowner. Pre-closure is the initial stage in the foreclosure process wherein the homeowner still remains the contact person for the property. This happens when a ...