Foreclosures, short sales increased 1% in Dec.

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"And while short sales did trend lower in the second half of the year, there are still more than 1.2 million properties in the foreclosure process or bank-owned, providing a sizable pool of.

Distressed home sales, foreclosures plus short sales. condos, and co-ops, increased 1% in December from a downwardly revised November. Total existing sales increased in December to a seasonally adjusted annual rate of 4.87 million up from 4.82 million in November. However, December sales were down 0.6% from a year ago when the pace was 4.90.

A total of 30,187 U.S. properties started the foreclosure process for the first time in July, up 1 percent from the previous month and up less than 1 percent from a year ago – the first year-over-year increase in foreclosure starts nationwide following 36 consecutive months of year-over-year decreases.

Home Values (median sales prices) increased 1% between 2011 and 2012; Download the January 2013 Harrisonburg & Rockingham County Real Estate Market Report to pore over the details, or read on for highlights.. As shown above, while home sales declined (-29%) in December the year-end figures show an overall 8.8% increase in home sales during 2012.

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Some 317,171 U.S. properties had foreclosure filings in the third quarter, down 16% on the same period last year, according to real-estate website RealtyTrac. However, default notices in the third.

Short sale procedures may differ from lender to lender, so it’s always best to find out how they prefer the process to work. Step 1: Contacting a Lender for Information. In many cases, homeowners facing foreclosure will actively seek to market their property as a short sale either themselves or through an agent. The first step for buyers is to.

Is Buying a Foreclosure a Good Idea? First Increase Second Increase Third increase fourth increase See Appendix 5 for additional information on HAMP Tier 1 interest rate increases by state. 6 The HAMP Tier 1 modification was designed to reduce a homeowner’s monthly mortgage payment to an affordable level, approximately 36% of the median before-modification payment.

Florida uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.

Caught between the slump in housing values and the rise of mortgage interest. Some renters find themselves with a new owner even before the foreclosure.. The federal law came to an end on December 31, 2014, but was restored on June. and other deterioration — after all, no one is on site to monitor their condition.

Fannie Mae moving REO management in-house Fannie Mae REO Real Estate Sales Contract. The purchase contract to buy a Fannie mae reo home must be in the state-specific standard format. A number of purchase addendums are usually required to be filled and signed along with the sales contract.