Foreclosures, short sales increased 1% in Dec.

foreclosure market appear to be well behind us. In 2016, the percentage of closed sales that were either foreclosure or short sale increased by 25.7 percent to land at 6.1 percent of the market. This increase is not anticipated to continue in 2017.

Hi crg28, There is no formula for when they decide to foreclose or how much of a loss they will take. I work a lot of short sales and usually when they put it on the market, they list it at what they owe plus the fees associated with the closing, after a month, most of them will drop it a certain percentage that varies from 1% to 10% and on the price range.

"And while short sales did trend lower in the second half of the year, there are still more than 1.2 million properties in the foreclosure process or bank-owned, providing a sizable pool of.

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REAL ESTATE PROPERTY FORECLOSURE and. chapter 1 – Overview. Department of the Treasury's December 2013 Housing Scorecard, 3.6. Co., 284 U.S. 1 (1931), tax policy requires debtors to include in gross income the. The lender's foreclosure on property secured by nonrecourse debt that is greater.

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retention actions was more than twice the number of completed foreclosures, short sales, and deed-in-lieu-of-foreclosure actions in the quarter (see table 5). New home retention actions included 99,293 modifications, 99,640 trial-period plans, and 112,727 payment plans (see table 1). hamp modifications increased 7.1 percent from the

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Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in December. Palm Bay, Florida real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Palm Bay homes for sale market.

sales that were either foreclosure or short sale decreased by 34.6 percent to end the year at 1.8 percent of the market.. median sales price increased 9.2 percent to $226,000 for the year. Prices are expected to rise at a slow rate in 2018.

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We are proud that our continued focus on customer service has made us the #1 Real Estate Company In The Market.* We continue to work hard to exceed the expectations of today’s buyers and sellers. 2013 Year in Review shows 17% Increase in Home Sales, 1% Increase in Sales Prices | HarrisonburgHousingToday.com :: Market Updates, Analysis and.