REOCON 2013: An update on short sale and REO trends

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November 26, 2013 Mortgage originators and servicing companies are facing the reality of decreasing new loan volumes and the entrance of new players to the industry, forcing them to reassess where.

In April, the share of sales involving foreclosures and short sales maintained their downward path, falling to the lowest level since 2009, according to the ""Campbell/Inside Mortgage Finance.

""When it comes to a short sale, if the agent doesn’t know what he’s doing or how to negotiate the deal, it can result in an unnecessary foreclosure for the seller, who was doing the responsible thing.

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On the existing homes’ side of the street, there’s a lot more room to negotiate. A Crowd of Highly Motivated Sellers. Who Love Cash Distressed property owners – banks holding foreclosures, beleaguered.

Short Sale/Deed in Lieu Negotiator JPMorgan Chase & Co. 2008 – 2013 5 years. jacksonville, FL, United States. The Short Sale and Deed in Lieu negotiator performs short sales and deed in lieu on.

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Helping sellers with constant market reports to keep their homes competitive, track market trends, and get their properties sold in a changing market in Beaufort, Callawassie Island, Dale, Fripp Islan

Bonita Springs Condos for Sale and Months of Inventory by Price Range Distressed Properties: Condos for sale classified as distressed properties (potential short sales and foreclosures) – 4 or 0.6 percent of the total market -2 (0.3 percent) is a potential short sale and 2 (0.3 percent) are foreclosed or REO (real estate owned) properties.

Those trends continue. Zombie foreclosures: New Jersey courts closed 12,639 foreclosure cases by entering default judgments against the borrowers in 2013. But CoreLogic found only 5,888 homes.

A distressed sale is a short sale or a so-called real estate-owned property, commonly referred to as an REO. A short sale is an agreement between a lender and a seller to put a home on the market for less than the balance on the mortgage. An REO is a property owned by a lender who is selling after foreclosing on the previous owner.