Foreclosures Archive

Waiting on the Boomerang

Return or boomerang buyers have grown in numbers in recent years. Forecasts indicate that these former homeowners who experienced a foreclosure or short sale will return to the market in greater volume in the years ahead. However, lack of...

Return Buyers on the Rise

Millions of former homeowners experienced a foreclosure or shortsale over the last 9 years.  Eventually these borrowers will return to the housing market.  Participants in the 4th quarter Survey of Mortgage originators survey were asked if there was a...

Mortgage Performance of Veteran Loans

Mortgages backed by the Veterans Affairs have generally performed better than other mortgage products, even though VA loans require no down payment. In the most recent quarter, the percentage of mortgages going into foreclosure for VA loans was 0.3...

Rapidly Diminishing REO Foreclosure Sales

The number of foreclosed home sales has been rapidly falling and could essentially vanish by next year.  Those who specialize in foreclosure sales should therefore look towards other line of business. In August, foreclosed sales comprised only 6 percent...

Shadow Inventory in June

Shadow inventory – defined as the number of properties in the foreclosure process or in serious delinquency status – fell modestly in June from the prior month and is well below the level of one year ago.  The overall...