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Tag Archives: REOs

Investment Funds Crowding Out Local Investors and First-Time Home Buyers

May 24, 2012

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REOPhoto-e1317742588967

Inventory is already tight at the low-end, and now local investors and first-time home buyers are having to compete with large institutional funds. This is bad news for all of us little guys. The Wall Street Journal reports: “From the very beginning, we’ve thought of this as eventually becoming a public company,” says Justin Chang, [...]

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Bay Area Foreclosure Activity Plummets in April

May 15, 2012

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filings-month

Notices of Trustee Sales and Notices of Default fell dramatically from March to April as our shadow inventory recedes further into the darkness. Reduced foreclosure activity this Spring means there will be even fewer REOs for sale this upcoming Fall and Winter. Foreclosure Radar reports: California Foreclosure Activity: Alameda County Foreclosure Activity: Contra Costa County [...]

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Bay Area Foreclosure Activity Continues to Plummet

March 13, 2012

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Alameda County Foreclosure Activity

Foreclosure activity and inventory continued to decline in the Bay Area in February, according to data from ForeclosureRadar. It’s already March… anyone expecting a surge in foreclosures for sale in 2012 is going to be disappointed. It’s not going to happen. Alameda County Foreclosure Activity Alameda County Bank-Owned Inventory Contra Costa County Foreclosure Activity Contra Costa County [...]

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The Government’s Plan to Sell Foreclosures in Bulk is a Terrible Idea

January 10, 2012

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Selling foreclosures in bulk to institutions is an example of crony capitalism at it’s worst. Keep in mind that our problem isn’t that selling homes locally and individually doesn’t work, it’s that Fannie Mae, Freddie Mac, the FHA, and TBTF banks simply haven’t been doing it. Diana Olick reports: The Obama administration, in conjunction with federal [...]

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First Quarter Foreclosure Activity Down Sharply From 2010

April 14, 2011

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U.S. Foreclosure Market Report™ for the first quarter of 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 681,153 U.S. properties in the first quarter, a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of 2010.

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