National Foreclosure report March 2012

Nashville Foreclosure Rates Show Continued Improvement

CoreLogic, a leading provider of Real Estate Information, just released their National Foreclosure Report for March 2012.  Compared to March 2011, the number of completed foreclosures across the nation decreased 19% to 69,000 homes in March 2012.  Also, the inventory of homes in foreclosure decreased nearly 6%, or 100,000, from March 2011 to March 2012. The overall delinquency [...] Read more »

Nashville Foreclosure

Nashville Foreclosures Continue to Decline

Core Logic, a leading provider of housing data, shows the overall foreclosure activity is down in Nashville, TN and many other cities.  Nationally, the percentage of homeowners who are at least 90 day delinquent has dropped from 7.8% in February 2011 to 7.3% currently.   Out of the top 100 metro areas studied, 61 of them were showing decreases [...] Read more »

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Nashville’s Tide of Foreclosures

The Tennessean recently reported that real estate analysts are predicting new waves of home foreclosures in Nashville and Middle Tennessee.  The experts predict several factors will work together in 2012 to produce a series of waves that may further drive down prices and erode consumer confidence.  The experts cite the settlement of the case between [...] Read more »

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How to Buy Non-Performing Bank Notes in Nashville Tennessee

An interesting alternative to Short Sales, REO and Foreclosure Auctions is currently available in Nashville Tennessee.  Non-Performing Bank Notes can be a great investment and they typically are at a lower cost than foreclosure auction purchases.   The notes are secured by Real Property and may be sub-performing or non-performing.  For experienced real estate investors, the notes can [...] Read more »

Foreclosure Activity Continues To Fall

RealtyTrac is reporting that national foreclosure filings for July 2011 were down 4% from June 2011 and down 35% from July 2010.  This is the tenth straight month of year over year decreases in foreclosure activity and the lowest month since November 2007.  The slowdown was initially caused by the robo-signing controversy and further delayed by the State [...] Read more »

Nashville Foreclosure Activity Down In 2011

RealtyTrac is reporting that foreclosure activity across the nation is down 29% for the first half of 2011 as compared to the same period in 2010.  Foreclosure activity is also down 25% for the first six months of 2011 as compared to the last half of 2010.  All foreclosure filings are measured including notice of defaults, [...] Read more »

Foreclosure Shadow Inventory Continues to Decline

CoreLogic, a leading supplier of Real Estate related information, reported today that the current shadow inventory of residential properties has declined to 1.7 million in April 2011. This is down from 1.9 million units in April of 2010. This new level represents a five months supply of homes. The decline is attributed to fewer new [...] Read more »

Foreclosure Activity Continues Decline in Tennessee

According to RealtyTrac, foreclosure activity declined 2% nationally in May 2011 over the previous month and declined 33% over May 2010.  However, the inventory of unsold Bank-Owned properties increased in May due to weak demand from buyers.  Even with the decline in new foreclosure actions the new supply of Bank-Owned properties exceeds the amount being [...] Read more »

Foreclosure Activity Declines To 40 Month Low

RealtyTrac is reporting is their latest US Foreclosure Report that foreclosure activity has dropped to the lowest levels in forty months.  The report counts foreclosure filings, auctions scheduled and bank repossessions as foreclosure activity in this report.  The report for April 2011 showed foreclosure activity was down 34% over April 2010.  The slowdown can mainly be attributed to the increase [...] Read more »

Fannie Mae’s Serious Delinquency Rate Declines For 12th Straight Month

According to the latest Monthly Summary from Fannie Mae, the Conventional Single-Family Serious Delinquency Rate declined one basis point to 4.44 percent in February 2011.  The Multifamily Serious Delinquency Rate fell four basis points to 0.65 percent.  The Serious Delinquency rate counts all loans that Fannie Mae owns or guarantees that are 90 days or more [...] Read more »