RealtyTrac: 20% of foreclosures remain vacant after owner departs

How to Find and Buy a Foreclosed Home Foreclosure – Wikipedia – The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".

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Foreclosure | Attorney Advocates specializing in. – RealtyTrac predicted this rebound about six months ago after foreclosure starts dropped precipitously in the beginning of January 2013, when a new law called the Homeowner Bill of Rights took effect. That legislation codified in California for all lenders some of the principles of the National Mortgage Settlement for the nation’s five major.

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Seattle-Area Foreclosures Appear to Resume Pre SB-5810. –  · Many of my friends are start buying or looking for foreclosured properties. Typically 70 to 80 cents for the dollar. Through normal sale process, I can get to 90~95 cents for the dallar for properties I like in desiable place. Sometimes, foreclosure is not a deal for owner occupied purpose.

The Impact of Foreclosures on Municipalities – Filing the foreclosure case To begin a foreclosure case, the lender must file the foreclosure with the Circuit Court in the county in which the property is located. The lender must file the following documents with the court: Statement of debt; Certification that the property owner is not a member of the military service.

RealtyTrac | – Source: "RealtyTrac: 20% of foreclosures remain vacant After Owner Departs," HousingWire (June 20, 2013) A very good article and more pictures of what some people do when they leave their home due to foreclosure click here Please help to keep this blog going Let us Sell or help you buy your new home or land. John J. O’Dell Realtor GRI

Cities With the Most Vacant Homes for Sale or Rent – AOL – There is some bad news for people hoping to find a good deal on a home to rent or buy: The vacancy rate for American homes fell by 9.3 percent over the past two quarters, a new report shows.

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Foreclosure activity edges higher in January – The Daily. – “There are tons of homes sitting out here vacant that people haven’t paid on for two years, or whatever the case, that should be in the foreclosure pipeline and are not yet,” Herwick said. Foreclosure activity in Nevada fell 8 percent last month from December, but was down 52 percent from January last year, RealtyTrac said.