Last week, RealtyTrac released their Year-End 2012 U.S. Foreclosure Market Report™. The report revealed foreclosure trends over the past few years. Here are a few of the key findings: A total of 2,304,941 foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,836,634 U.S. properties in 2012, down 3 percent [...]
Tag Archives: Foreclosure
Short Sales vs Foreclosures: The Banks’ Preference
For months now you have seen information that banks were going to begin shifting their focus when liquidating distressed properties. They would start supporting short sales over foreclosures. There is no longer any doubt this is now the new normal. In a recent news release, the FHFA announced new guidelines to streamline the short sale [...]
Is a Picture Really Worth a Thousand Words?
There are some things that are almost impossible to explain without a graphic or visual. With complex issues, the value of using visuals cannot be overexaggerated. A study measuring the importance of using visuals by the University of Minnesota concluded: Presentations using visual aids were found to be 43% more persuasive than unaided presentations. There are [...]
Short Sale vs Foreclosure – 10 Common Myths Busted
It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have [...]
