Seller info for 2011
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Loans NOT Yet in Foreclosure Will Impact Selling Prices in 2011....
Loans NOT Yet in Foreclosure Will Impact Selling Prices in 2011.
The percentage of loans not yet in foreclosure that has not had a payment made in over six months.
27.2% of loans 6 months behind are still NOT in foreclosure
21.1% of loans 12 months behind are still NOT in foreclosure
19.2% of loans 18 months behind are still NOT in foreclosure
18.3% of loans 24 months behind are still NOT in foreclosure
Any loan that was in foreclosure in the prior month that moves into post-sale status or is flagged as a foreclosure liquidation.
Foreclosure sales plummeted 35% in Nov 2010. The monthly fall-off could be explained by the moratorium put into effect by some banks because of the robo-signing challenge.
The delinquency situation seems to be improving. However, the large number of foreclosure coming back to the market will impact listing prices in January 2011.
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