Survey Finds Short Sales Outnumber REO in January Purchases

Survey Finds Short Sales Outnumber REO in January Purchases Brady Mortgage Brokers Contents Million vacant homes Mortgage servicing rights portfolio Trade organization reported 64 percent Distressed properties.. average home prices 13-county twin cities region purchasing residential property.

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 · Shift From Foreclosures to Short Sales Julian Hebron | March 2, 2012 RealtyTrac is good with figures, and it notes that sales of distressed real estate made up 24% of all single-family residential sales both in the fourth quarter of 2011 and the entire year (up from 20% in Q3).

Kraninger: Department of Education refusing to cooperate with CFPB Survey Finds Short Sales Outnumber REO in January Purchases The Southeast ranked second with 73 percent, followed by the West with 71 percent, and the Midwest with 68 percent. The survey asked when homes were purchased, the purchase prices of the homes, the type of homes.

Short sales accounted for 15.9% of home purchases in January, surpassing the share of other distressed property activity, when real estate owned (REO) properties are measured separately, according to a monthly Campbell/Inside Mortgage Finance (IMF) survey of more than 1,500 real estate agents, conducted by Campbell Surveys.

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Short sales accounted for 15.9% of home purchases in January, surpassing the share of other distressed property activity, when real estate owned (REO) properties are measured separately, according to a monthly Campbell/Inside Mortgage Finance (IMF) survey of more than 1,500 real estate agents, conducted by Campbell Surveys.

Easing lending standards bring back first-time buyers Five things you need to know about the new mortgage rules Trader-uppers will have to stump up 20% of the purchase price, but for first-time buyers it’s business as usual – as long as they’re.Fewer banks tighten mortgage underwriting standards However, a multidimensional view of underwriting reveals a less-known trend:. criteria for obtaining a subprime loan actually tightened over this period.. A Study of Underwriting Standards for U.S. Subprime Mortgages" (March 11, 2010).

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Distressed property sales or foreclosures and bank assisted short sales represented nearly half or 46.8% of sales in January, according to the Campbell survey. It’s the 25 th month that troubled sales have been above 40%. RealtyTrac said 204,080 foreclosed homes were sold during the fourth quarter of the year.