RealtyTrac recently reported that national foreclosure filings are down while foreclosure filings are seeing marked increases in some states.
Understanding And Purchasing Distressed Property For Profit
According to the the latest Foreclosure Inventory Analysis showed nearly 1.5 million properties were currently in the foreclosure process or being held by banks as Real Estate Owned.
This was up 9 percent from the first quarter of 2012, but down significantly from the apex of foreclosure activity — 2.2 million units — in December 2010.
When Can You Buy Real Estate After Foreclosure?
If you lost your home due to foreclosure, you probably haven’t given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow you an opportunity to buy that new home sooner than you think.
3 Ways To Purchase Foreclosed Properties
There are three main ways to buy a foreclosed home.
Short Sales Outnumber Foreclosure Sales For Third Straight Quarter
Foreclosure-tracker RealtyTrac reports falling foreclosure sales nationwide as banks get better at selling homes via short sale.
Foreclosure Rate Drops For The 12th Straight Month
Foreclosure activity continues to slow throughout the United States.
Foreclosures Sink To 4-Year Low
According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve.