Here are the metro areas that offered some of the largest
discounts in foreclosure sales in the third quarter of 2011:
Not exact matches
Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing
in foreclosures and short
sales, buying them at a
discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default.
Foreclosures sold for an average
discount of 16 % below market value
in January, while short
sales were
discounted 13 %.
Foreclosures sold for an average
discount of 20 percent below market value
in July, while short
sales were
discounted 14 percent.
Acquisition of
discounted investment property through: (i) a
foreclosure auction, (ii) a bank's
sale of bank owned property («REO property»), or (iii) a short
sale may present a great buying opportunity
in today's real estate market, but these transactions present unique challenges that should be thought through well
in advance of the acquisition if the acquisition is intended to complete a tax deferred exchange through your qualified intermediary («QI»).
Foreclosures sold for an average
discount of 17 percent below market value
in February (13 percent
in January), while short
sales were
discounted 16 percent (12 percent
in January).
Foreclosures sold for an average
discount of 20 percent below market value
in January, while short
sales were
discounted 12 percent.
Foreclosures sold for an average
discount of 16 percent below market value
in June, while short
sales were
discounted 13 percent.
Foreclosures sold for an average
discount of 17 percent below market value
in November (18 percent
in October), while short
sales were
discounted 16 percent.
Foreclosures sold for an average
discount of 18 percent below market value
in October (15 percent
in September), while short
sales were
discounted 16 percent (11 percent
in September).
Foreclosures sold for an average
discount of 11 percent below market value
in June (12 percent
in May), while short
sales were
discounted 18 percent (11 percent
in May).
Foreclosures sold for an average
discount of 16 percent below market value
in September, while short
sales were
discounted 12 percent.
Foreclosures sold for an average
discount of 14 percent below market value
in September (same as
in August), while short
sales were
discounted 14 percent (10 percent
in August).
Foreclosures sold for an average
discount of 15 percent below market value
in May, while short
sales were
discounted 12 percent.
Foreclosures sold for an average
discount of 18 percent below market value
in August (17 percent
in July), while short
sales were
discounted 12 percent (unchanged from July).
Foreclosures sold for an average
discount of 18 percent below market value
in April (16 percent
in March), while short
sales were
discounted 12 percent (14 percent
in March).
Foreclosures sold for an average
discount of 15 percent below market value
in May (20 percent
in April), while short
sales were also
discounted 16 percent (14 percent
in April).
Foreclosures sold for an average
discount of 17 percent below market value
in November (18 percent
in October), while short
sales were
discounted 16 percent (unchanged from October).
Foreclosures sold for an average
discount of 17 percent below market value
in September (18 percent
in August), while short
sales were
discounted 19 percent (12 percent
in August).
Distressed homes —
foreclosures and short
sales typically sold at deep
discounts — slipped to 28 percent of
sales in October from 30 percent
in September (17 percent were
foreclosures and 11 percent were short
sales); they were 34 percent
in October 2010.
Distressed homes3 -
foreclosures and short
sales sold at deep
discounts - accounted for 22 percent of November
sales (12 percent were
foreclosures and 10 percent were short
sales), down from 24 percent
in October and 29 percent
in November 2011.
Whether the goal is to flip the house or turn it into a rental homes needing repairs often provide better returns because they sell at more steeply
discounted prices yet once the repairs are complete these homes will rent for the same amount and / or sell for the same price as other homes not
in foreclosure or short
sale.
With our proprietary marketing systems we find the best properties
in foreclosure, bank owned
foreclosures, for
sale properties, handyman deals, fixer uppers,
discount homes, distressed properties and buy them at great win - win prices for both us and the home seller.
Foreclosures sold for an average
discount of 20 percent below market value
in December while short
sales were
discounted 10 percent.
With our proprietary marketing systems we find the best properties
in foreclosure, bank owned
foreclosures, Fort Walton Beach investment properties for
sale, handyman deals, fixer uppers,
discount homes, distressed property, and buy them at great win - win prices for both us and the home seller.
With our proprietary marketing systems we find the best properties
in foreclosure, bank owned
foreclosures, Oklahoma City investment properties for
sale, handyman deals, fixer uppers,
discount homes, distressed property, and buy them at great win - win prices for both us and the home seller.
With our proprietary marketing systems we find the best properties
in foreclosure, bank owned
foreclosures, Gwinnett County investment properties for
sale, handyman deals, fixer uppers,
discount homes, distressed property, and buy them at great win - win prices for both us and the home seller.
With our proprietary marketing systems we find the best properties
in foreclosure, bank owned
foreclosures, Tampa Bay investment properties for
sale, handyman deals, fixer uppers,
discount homes, distressed property, and buy them at great win - win prices for both us and the home seller.
With our proprietary marketing systems we find the best properties
in foreclosure, bank owned
foreclosures, Phoenix investment properties for
sale, handyman deals, fixer uppers,
discount homes, distressed property, and buy them at great win - win prices for both us and the home seller.
In a real estate short -
sale lenders give homeowners permission to
discount the home value (an outstanding loan balance) to effect a quick
sale, thereby averting
foreclosure.
Foreclosures sold for an average
discount of 18 percent below market value
in February, while short
sales were
discounted 15 percent.
Distressed homes —
foreclosures and short
sales sold at deep
discounts — accounted for 34 percent of February
sales (20 percent were
foreclosures and 14 percent were short
sales), down from 35 percent
in January and 39 percent
in February 2011.
FNC's report shows that
foreclosure price
discounts, which compare a foreclosed home's estimated market value to its final
sales price, have dropped to pre-mortgage crisis levels at about 12.2 percent
in Q4 2012.
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.
Distressed homes -
foreclosures and short
sales sold at deep
discounts — accounted for 25 percent of May
sales (15 percent were
foreclosures and 10 percent were short
sales), down from 28 percent
in April and 31 percent
in May 2011.
Distressed homes —
foreclosures and short
sales sold at deep
discounts — accounted for 29 percent of March
sales (18 percent were
foreclosures and 11 percent were short
sales), compared with 34 percent
in February and 40 percent
in March 2011.
Foreclosures sold for an average
discount of 20 percent below market value
in October, while short
sales were
discounted 14 percent.
Topping the list of best places to buy
foreclosures in 2013 was the Palm Bay - Melbourne - Titusville metro area
in Florida with a total score of 394: 34 months» supply of inventory,
foreclosure sales representing 24 percent of all
sales, average
foreclosure discount of 28 percent, and a 308 percent increase
in foreclosure activity
in 2012 compared to 2011.
While the special servicer has several resolution alternatives at its disposal, including modification, extension,
discounted payoff,
foreclosure, note
sale, bankruptcy and deed
in lieu of
foreclosure, further analysis of the remittance report specially serviced loan detail (which includes an individual narrative on all of the specially serviced loans) revealed that historically, the majority of the specially serviced loans were resolved by
foreclosure.
Foreclosures sold for an average
discount of 21 percent below market value
in April, while short
sales were
discounted 14 percent.
Foreclosures sold for an average
discount of 16 percent below market value
in August, while short
sales were
discounted 12 percent.
Foreclosures sold for an average
discount of 20 percent below market value
in July, while short
sales were
discounted 14 percent.
Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing
in foreclosures and short
sales, buying them at a
discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default.
With our proprietary marketing systems we find the best properties
in foreclosure, bank owned
foreclosures, Denver investment properties for
sale, handyman deals, fixer uppers,
discount homes, distressed property, and buy them at great win - win prices for both us and the home seller.