«With
foreclosures and short sales falling closer to average levels, appraisers will have fewer distressed sales in their list of comparables when determining home valuations.»
Distressed sales —
foreclosures and short sales fell to a new low of 4 percent in September (since NAR began tracking in October 2008), down from 5 percent in August and 7 percent a year ago.
Not exact matches
Distressed (
foreclosure)
sales and short sales fell to an eight - year low in December, signaling a healthier housing market.
Strike One — Loan Servicing: Green Tree misrepresented that customers had to make additional payments to be eligible for a loan modification; failed to honor loan modifications from previous loan servicers;
and misrepresented the time it would take to respond to a request for a
short sale, causing people to
fall into delinquency or even
foreclosure.
Over the last seven or so years many Americans have
fallen into debt due to extreme circumstances of long - term unemployment, student loans, upside down mortgages,
short sales,
and foreclosures.
In addition to
sales matching their third highest pace (5.47 million) since February 2007 (5.79 million), distressed
sales —
foreclosures and short sales —
fell to their lowest share since NAR began tracking them in October 2008 (4 percent).
«By focusing on the state of the pending
short sale market our goal was to also examine the
fall - out rates on both
short sales and foreclosure sales in the Mid-Atlantic region,» says Jonathan Hill, president of RBI.
However, as house prices have
fallen, that ability is truncated
and a
foreclosure,
short sale or other bank - assisted disposition is the likely resolution.
Distressed
sales5 —
foreclosures and short sales —
fell to 8 percent in June (matching an August 2014 low) from 10 percent in May,
and are below the 11 percent share a year ago.
And most of the time, those are the short sales that falls from escrow and then to foreclosu
And most of the time, those are the
short sales that
falls from escrow
and then to foreclosu
and then to
foreclosure.
Distressed properties (
foreclosures and short sales) on the market will increase this
fall and winter.
However, as house prices have
fallen, that ability is truncated
and a
foreclosure,
short sale or other bank assisted disposition is the likely resolution.
The Real Estate Buyer's Agent Council (REBAC) of the National Association of REALTORS ® (NAR) has been offering its
Short Sales and Foreclosures Course since the
fall of 2006.