REO listing agent | Real Estate Insider News – Real Estate Coaching and Training

RealtyTrac released a new report about foreclosures (and REOs) Overall foreclosure activity fell in the second quarter, primarily due to a drop in bank reposssessions. However, the latest quarter also saw the first year-over-year increase in quarterly foreclosure starts since the fourth quarter of 2009. RealtyTrac reported 311,010 properties started the foreclosure process during the quarter, a 9% increase from the prior quarter and a 6% jump from a year earlier. Just the facts: * The foreclosure process in the U.S. increased to an average of 378 days in the second quarter, the highest in records dating back to 2007. […] Click Here To View More

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Breaking News: NARs December Pending Home Sales Mixed results across the country for the NAR’s December Pending home sales…. Some good, some bad. Up 4% in the midwest but, down 11% in the West. QUESTION: Why do 1% of the agents make 99% of the money? Answer: They are making money NOW doing REOs and BPOs. Why aren’t you? Watch the FREE 2012 Agent REO Secrets video and grab the NEW FREE REO/ BPO Book. NOTICE: Free book guaranteed for the first 100 agents only. Click Here To View More

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If the U.S. foreclosure crisis were a baseball game, we’d probably be in the bottom of the fourth inning. That’s roughly the message from the latest data on home foreclosures and delinquencies released by an industry association Thursday. The pace of new home foreclosures edged up again in the third quarter and the number of borrowers falling behind on their payments eased a bit, according to the Mortgage Bankers Association. The good news was that the rate of borrowers who have fallen three or more months behind on their payments has dropped to about 3.5 percent of all mortgages. That’s down from a peak […] Click Here To View More

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