Phone: 970-689-2721 | Email: zitney@msn.com                  Shannan Zitney, CDPE                   I am available to assi...
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Realty trac report march 5th

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Realty Trac Market Report for March 5th, 2011.

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Realty trac report march 5th

  1. 1. Phone: 970-689-2721 | Email: zitney@msn.com Shannan Zitney, CDPE I am available to assist you in purchasing or selling Short Re/Max Action Brokers Centerra Sale and Bank Owned (REO) property in Northern Colorado. 340 N 2nd Street Lets get started, call me today! Berthoud, CO 80513 February 2011 Vol. 5, Issue 5 Record 2.9 Million U.S. Properties Receive 6 month National Foreclosure Trends Foreclosure Filings in 2010 Despite 30-Month Low in December Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on a record 2,871,891 U.S. properties in 2010, an increase of nearly 2 percent from 2009 and an increase of 23 percent from 2008, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows that 2.23 percent of all U.S. housing units (one in 45) received at least one foreclosure filing during the year, up from 2.21 percent in 2009, 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006. NOD NTS NFS LIS REOAre New Foreclosure Here are some of the most recent Investment opportunities in the area.Rules Coming FromWashington? Pre-ForeclosureThere are new rumblings in Bennet RdWashington and perhaps a Berthoudgrowing consensus regarding CO, 80513how to end the foreclosuremess. The solution? Change the Amountrules. This is big stuff for those $321,492with an interest in buying Beds/Bathforeclosures. The latest 3/2quarterly figures from Sq. FTRealtyTrac show that foreclosed 2,039properties represent one in foursales nationwide and thatdistressed properties are Property Type Address Amount Default Sq. Ft.typically selling with a 32percent discount. But what Auction Center Ridge Dr,happens to foreclosure values $1,010,774 N/A 4,969 Berthoud, CO 80513and local real estate prices ifthe supply of distressedproperties is reduced? Withfewer distressed propertieslocal home prices in manyareas would likely stabilize ifnot actually rise. FORECLOSURE TRENDS : DECEMBER 2010 Proposed Foreclosure Protections Could Close Title Gaps If a few Virginia lawmakers have their way, the business of selling NATL CO LARIMER CTY mortgage-backed securities worldwide could radically change, NODs 36,935 28 0 property titles would be more certain, foreclosures would always be reviewed by a judge and maybe — just maybe — the cost of NTSs 88,483 3,512 148 mortgage financing would soar. How is it possible for a few state officials to completely tilt the financial system? To answer this NFSs 23,699 0 0 question — and to see why Wall Street is beginning to shudder — LISs 38,783 0 0 we have to look at how mortgages are made. REOs 69,847 1,583 78

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