Not exact matches
Through FHA's «Back To Work — Extenuating Circumstances Program,» borrowers who have gone through bankruptcy,
foreclosure, deed -
in - lieu, or short
sale, may be eligible for an FHA - backed mortgage sooner if they can prove their financial hardship was the result of an economic event, such as job loss or a significant
decrease in income.
Sales of normal homes increased 10.45 percent in July 2016, while foreclosures decreased 62.91 percent and short sales decreased 29.58 per
Sales of normal homes increased 10.45 percent
in July 2016, while
foreclosures decreased 62.91 percent and short
sales decreased 29.58 per
sales decreased 29.58 percent.
* The number of normal
sales in March increased by 18.79 percent compared to March 2015, while
foreclosures decreased 53.70 percent and short -
sales decreased 30.77 percent.
* The number of normal
sales in February increased by 20.60 percent compared to February 2014, while
foreclosures increased 36.22 percent and short -
sales decreased 32.84 percent.
* The number of normal
sales in May increased by 22.28 percent compared to May 2014, while
foreclosures increased 1.50 percent and short -
sales decreased 53.78 percent.
«The overall
foreclosure inventory is
decreasing because
sales (of bank - owned homes) were up
in February,» said CoreLogic Chief Economist Mark Fleming.
The metro with the lowest score was McAllen, Texas, with a 12 - month supply of
foreclosure inventory,
foreclosure sales accounting for 7 percent of all
sales, an average
foreclosure discount of 21 percent, and a 66 percent
decrease in foreclosure activity
in 2012 compared to 2011.
* The number of normal
sales in August increased by 8.6 percent compared to August 2016, while
foreclosures decreased 49.0 percent and short -
sales decreased 32.9 percent.
* The number of normal
sales in September increased by 20.52 percent compared to September 2015, while
foreclosures decreased 60.33 percent and short -
sales decreased 24.78 percent.
Sales of normal homes increased 29.25 percent in May 2016, while foreclosures decreased 57.58 percent and short sales decreased 24.79 per
Sales of normal homes increased 29.25 percent
in May 2016, while
foreclosures decreased 57.58 percent and short
sales decreased 24.79 per
sales decreased 24.79 percent.
Those
decreases in foreclosure activity are restricting the supply of distressed properties available for
sale — both
in the form of pre-
foreclosure short
sales as well as bank - owned (REO)
sales — which
in turn is helping lift the average prices of distressed
sales in many markets.