real estate owned property (REO) | firsttuesday Journal

REOs drag down list prices, but the reason may surprise you

by Carrie B. Reyes | Dec 22, 2014 | Home Sales, Mortgages, Real Estate | 0

What makes REOs a problem for local housing markets and why it matters.

Foreclosures are almost fully recovered

by Carrie B. Reyes | Jul 18, 2014 | Mortgages, Real Estate | 2

NODs were their lowest since 2005 last quarter.

Foreclosures, REO resales decline in Q1 2014

by Carrie B. Reyes | Apr 29, 2014 | Mortgages, Real Estate | 0

What do today’s NODs forecast for tomorrow’s foreclosure sales?

Foreclosures fall

by ft Editorial Staff | May 1, 2013 | Market Watch, Mortgages, Real Estate | 0

Foreclosure sales dropped significantly in the first quarter of 2013 (Q1 2013). The number of real...

Fix that house! Addressing neighborhood eyesores

by Greg Huitrado | Nov 19, 2012 | Real Estate | 1

Visibly neglected properties resulting from foreclosure or financial distress negatively affect neighboring property values

FARM: Fix that house!

by Greg Huitrado | Nov 19, 2012 | Real Estate | 1

We’ve all seen them: Homes that stick out like ugly sore thumbs because their owners are careless or nowhere to be found.

New law fines owners of blighted foreclosures (we’re looking at you lenders)

by Carrie B. Reyes | Sep 17, 2012 | Finance, Laws and Regulations, Real Estate | 0

The ability of local governments to impose fines on owners of foreclosed property in a state of blight has been indefinitely extended under the Homeowner Bill of Rights. The fine may be as high as $1,000 a day. The local...

Defaults and foreclosures drop

by Carrie B. Reyes | Aug 6, 2012 | Finance, Real Estate | 1

Foreclosures dropped significantly in the second quarter of 2012 — a good sign for the housing...

To property managers: a new client on the block

by Sarah Cantino | May 3, 2012 | Feature Articles, Property Management, Real Estate | 1

This article presents the Federal Reserve’s new rental policy for REOs, and encourages brokers to tap the new client base created by this policy.

The votes are in: it’s time lenders allow investors to leaseback to shortsale sellers

by ft Editorial Staff | Jan 25, 2012 | Finance, Reader Polls, Real Estate | 2

Readers weigh in on topics affecting the California real estate industry.

Shadow inventory lurks within lender balance sheets

by ft Editorial Staff | Jan 3, 2012 | Economics, Investment, Real Estate | 1

For every two homes available for sale, there is another in lender shadow inventory, according to a report by CoreLogic. Nationally in October 2011, 1.6 million residential units were shadow inventory comprising property...

How to facilitate a shortsale transaction

by ft Editorial Staff | Sep 29, 2011 | Feature Articles, Real Estate | 8

Part I of this article series details the process of qualifying a negative-equity homeowner for a short payoff, setting the sales price at the broker price opinion (BPO) and submitting a purchase agreement to the lender for appraisal and closing conditions, with a brief discussion of tax aspects of a shortsale and alternatives.

REOs for rent

by Jeffery Marino | Sep 1, 2011 | Finance, Real Estate | 3

The imminent deluge of foreclosures on the horizon has caused the Administration to take pause, reconnoiter and request ideas for stabilizing housing prices. Although no official proposals have been made, the prevailing official...

Increase in NODs and NOTS becomes a buildup of REOs

by ft Editorial Staff | Apr 12, 2010 | Real Estate | 0

Foreclosure Radar reports that notices of default (NODs) recorded in California for February amounted to 31,004, a jump of 20% from the 25,904 in January. Notice of trustee’s sales (NOTS) filed in February increased by 4% to...