Category Archives: Foreclosures and REOs

Foreclosure Inventory 18% Below Prior Year

Posted on January 7, 2013 by Ryan Hinricher

Foreclosures are down 18% from a year prior for the month ending November, 2012, according to CoreLogic.  Month-over-month they are down 6% confirming that inventories are clearing out as owner occupants return to the market and investors snap up bargains.  Over 55,000 foreclosures were completed in November 2012. While the … Continue reading →

Foreclosures to Peak in Spring 2011

Posted on January 18, 2011 by Ryan Hinricher

Last week, RealtyTrac released its 2010 Foreclosure Market Report, and as expected the situation isn’t pretty.  But while foreclosures were expected to peak in December 2010, that peak has been delayed, slightly.  Foreclosures should peak sometime late in Q1, primarily being delayed due to the robo-signing crisis.  It’s expected that … Continue reading →

Foreclosures up 25%

Posted on September 16, 2010 by Ryan Hinricher

RealtyTrac reported today that foreclosures had risen 25% (year-over-year) in August.  This is also a 3% rise from July, 2010.  Banks currently are dealing with the heavy backlog of new potential foreclosures by letting the borrowers stay in the home longer to avoid saturating an already soft market. People are … Continue reading →

Foreclosure Activity Slows

Posted on May 13, 2010 by Ryan Hinricher

According to foreclosure-tracking firm RealtyTrac.com, the number of foreclosure notices dropped 2 percent between April 2009 and April 2010. 2 percent may not seem like much, but it’s the first time in the history of the RealtyTrac report that the annual foreclosure rate has dropped. Continue reading →

FORECLOSURES — sounds like a great deal right?!?

Posted on March 13, 2010 by candacegustine

FORECLOSURES —  sounds like a great deal right?!?  Well yes and no. Yes that generally you get much more of a house for a total price less than another house. No that not always is it better financially if you are concerned with out-of-pocket expense. Many foreclosures are in such … Continue reading →

Memphis Tops List for Real Estate Steals

Posted on February 20, 2010 by Ryan Hinricher

US News and World Report just reported its 10 Cities for Real Estate Steals.   Memphis topped the list due to its low price-to-income ratio of 1.17 through the 3rd quarter of 2009.  This is a big drop from a high of 5 for Memphis.  The current numbers put Memphis … Continue reading →