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Freddie Mac is under the gun to remove non-performing property from its rolls. The GSE has lost $84.4 billion since mid-2008 and has recently been de-listed from the New York Stock Exchange. Freddie Mac has resolved to relieve itself of non-performing property any way it can, including stepping up its...
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Interesting question. For at least the short term it's bad for an area to have a high foreclosure rate because it indicates home prices will take longer to recover and start appreciating and it could mean there will be more homes that are unkempt or even in disrepair, bringing down the overall quality...
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Although RealtyTrac data does cover counties that account for more than 92 percent of the total U.S. population, there are some counties with no data coverage. I would suggest that in most of these non-covered counties, there is a very small number of foreclosures happening, but you may be able to find...
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I understand that RealtyTrac does not collect data and report foreclosure information for many rural areas. Do you have recommendations as to how we real estate professionals realtors and appraisers) in these rural areas can get this data, especially as relates to better informing our lender clients...
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The short answer is yes. We do what's called a linear regression to calculate whether foreclosure filings are trending higher or lower over the most recent six-month period. If higher we indicate the trend is rising, if lower we indicate the trend is falling.
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RealtyTrac is projecting around 3.9 million properties will receive foreclosure filings in 2010, up from somewhere around 3 million this year (that is also a projection) and 2.3 million in 2008. We believe the numbers will peak in 2010, but that doesn't mean we'll see a quick drop off in the...
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would you like to know more about the Miami Beach real estate.trends? Contact me at 305-968-9442 for all your real estate needs.
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RealtyTrac has foreclosure rates back to 2006. You can contact the data sales department at 949-502-8300 x158 or at http://www.realtytrac.com/dataproductcenter/. I don't believe ForeclosureRadar has been tracking stats that long, and they only have stats for California not the entire country. As...
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There are two excellent sources that you might find the information you are looking for. The first is the National Association of Realtors and ForclosureRadar.com. If you can't access the info on NAR, send me an email and I can see if I can obtain the info. for you.