Foreclosure auctions have rose in Maryland, Delaware, New York, New Jersey, Pennsylvania, Connecticut, and Florida. Lenders are moving these properties to public auction more rapidly because there is a strong demand from investors who are competing for short sales and REOs. Since October 2012, foreclosure has gone down 34 percent and REOs are down 29 percent.
Looks like the increase of foreclosure auctions has firmly decrease the inventory of approved short sales and REOs in which inventories
In terms of large metro areas, foreclosure rates are the highest in Miami, Tampa, Chicago, Baltimore, and Riverside-San Bernardino, California.
As the recovery of the real estate market continues, standard sales for homes that need TLC have become hot properties and going well over listing price for investors. During this Fall/Winter season, the market has balanced a bit. Only time will tell how 2014 will commence....
Read Full Article: www.dsnews.com
Looks like the increase of foreclosure auctions has firmly decrease the inventory of approved short sales and REOs in which inventories
In terms of large metro areas, foreclosure rates are the highest in Miami, Tampa, Chicago, Baltimore, and Riverside-San Bernardino, California.
As the recovery of the real estate market continues, standard sales for homes that need TLC have become hot properties and going well over listing price for investors. During this Fall/Winter season, the market has balanced a bit. Only time will tell how 2014 will commence....
Read Full Article: www.dsnews.com
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