Custom Search





Home
Site Map: START HERE
Rental Property Intro
Investment Strategy
Property Values 101
Find a Property
Financing Property
Cash Flow Analysis
Landlord 101
FREE Landlord Forms
Landlord Insurance
Tenant/Property Law
Rental Property Tax
Foreclosure Property
Commercial Property
Retirement Savings
Sell Property
Property Definitions
Rental Property Blog
Property News
Real Estate Videos
About

Follow Me!
Bookmark and Share

Market Reports Drop in Foreclosed Properties


Show Your Love




Categories
Buying Rental Property
Landlord Advice
Real Estate Financing Tips
Real Estate Investing Strategies
Real Estate Taxes & Insurance
Selling Rental Property
Trends & Current Events

Foreclosure crisis

 

With the US economy reporting a slight upturn in its economic recovery, things on the housing front are also beginning to look more positive. In a recent study, CoreLogic reported that the amount of foreclosure property on the market dropped by 8.4% in 2011.


The foreclosure crisis has loomed large in the forefront of the housing crash, making it harder for the market to move towards a recovery. For a large part of 2011, foreclosed properties flooded the market, simultaneously putting a downward pressure on property valuation and lowering market confidence.


Experts believe there are two important reasons for the fall in the number of foreclosed properties.  Firstly, there are far fewer properties reaching the foreclosure process because of the diligence lenders are using in evaluating mortgage applications. More and more, only loan seekers with formidable credit profiles are succeeding in receiving financing, thereby lowering the risk of possible defaults. Secondly, banks are trying to make faster decisions on properties entering the foreclosure process. With the help of several government initiatives, everything that is possible is being done to prevent a home from entering foreclosure. If nothing can be done to save it, then lenders are closing processes quickly and selling homes via short sale.

For more about why the market is finally seeing a drop in foreclosure homes, continue reading here.



Leave a Reply

Your email address will not be published. Required fields are marked *

Name *
Email *
Website
Comment

footer for rental property investing page