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Homebuyers Avoiding Distressed Properties Due to Foreclosure Mess
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Homebuyers Avoiding Distressed Properties Due to Foreclosure Mess
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Homebuyers Avoiding Distressed Properties Due to Foreclosure Mess

November 23 2010 (Chris Moore)
foreclosure_sign
The foreclosure mess has caused a noticeable dip in the number of transactions involving REO’s and distressed properties. In October, distressed properties accounted for 44.3 percent of transactions tracked, down from 47.5 percent in September.

Not surprisingly, the drop in overall distressed property sales activity helped produce a decline in average prices for short sales, move-in ready REO and damaged REO in October. At the same time, average prices for non-distressed properties rose.

According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, the ongoing controversy surrounding foreclosures is taking its toll on the housing market as a significant share of home shoppers refused to even look at distressed properties in October.

The closely-watched monthly survey found that 14 percent of owner-occupant homebuyers and six percent of investors refused to view foreclosed properties in October as would be buyers became spooked due to servicing problems that disrupted both short sales and real estate-owned (REO) sales last month.

The survey also revealed that 24 percent of closings scheduled for October were delayed or canceled due to issues with short sales, while 12 percent were delayed or canceled due to REO title issues.

Thomas Popik, research director for Campbell Surveys stated, “It’s clear that decreased homebuyer demand for distressed properties has resulted in lower prices. Homebuyers were squeezed into non-distressed properties that resulted in a higher average price for this type of transaction.”

The news was even worse for for short sale properties, 30 percent of owner-occupant shoppers and 20 percent of investors refused to view such homes.

Tags: foreclosure mess, distressed property, REO, short sales, foreclosed properties, homebuyers, investors, housing market

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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November 23 2010 (Chris Moore)
foreclosure_sign
The foreclosure mess has caused a noticeable dip in the number of transactions involving REO’s and distressed properties. In October, distressed properties accounted for 44.3 percent of transactions tracked, down from 47.5 percent in September.

Not surprisingly, the drop in overall distressed property sales activity helped produce a decline in average prices for short sales, move-in ready REO and damaged REO in October. At the same time, average prices for non-distressed properties rose.

According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, the ongoing controversy surrounding foreclosures is taking its toll on the housing market as a significant share of home shoppers refused to even look at distressed properties in October.

The closely-watched monthly survey found that 14 percent of owner-occupant homebuyers and six percent of investors refused to view foreclosed properties in October as would be buyers became spooked due to servicing problems that disrupted both short sales and real estate-owned (REO) sales last month.

The survey also revealed that 24 percent of closings scheduled for October were delayed or canceled due to issues with short sales, while 12 percent were delayed or canceled due to REO title issues.

Thomas Popik, research director for Campbell Surveys stated, “It’s clear that decreased homebuyer demand for distressed properties has resulted in lower prices. Homebuyers were squeezed into non-distressed properties that resulted in a higher average price for this type of transaction.”

The news was even worse for for short sale properties, 30 percent of owner-occupant shoppers and 20 percent of investors refused to view such homes.

Tags: foreclosure mess, distressed property, REO, short sales, foreclosed properties, homebuyers, investors, housing market

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

November 23 2010 (Chris Moore)
foreclosure_sign
The foreclosure mess has caused a noticeable dip in the number of transactions involving REO’s and distressed properties. In October, distressed properties accounted for 44.3 percent of transactions tracked, down from 47.5 percent in September.

Not surprisingly, the drop in overall distressed property sales activity helped produce a decline in average prices for short sales, move-in ready REO and damaged REO in October. At the same time, average prices for non-distressed properties rose.

According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, the ongoing controversy surrounding foreclosures is taking its toll on the housing market as a significant share of home shoppers refused to even look at distressed properties in October.

The closely-watched monthly survey found that 14 percent of owner-occupant homebuyers and six percent of investors refused to view foreclosed properties in October as would be buyers became spooked due to servicing problems that disrupted both short sales and real estate-owned (REO) sales last month.

The survey also revealed that 24 percent of closings scheduled for October were delayed or canceled due to issues with short sales, while 12 percent were delayed or canceled due to REO title issues.

Thomas Popik, research director for Campbell Surveys stated, “It’s clear that decreased homebuyer demand for distressed properties has resulted in lower prices. Homebuyers were squeezed into non-distressed properties that resulted in a higher average price for this type of transaction.”

The news was even worse for for short sale properties, 30 percent of owner-occupant shoppers and 20 percent of investors refused to view such homes.

Tags: foreclosure mess, distressed property, REO, short sales, foreclosed properties, homebuyers, investors, housing market

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS