REOCON 2013: An update on short sale and REO trends

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In May 2013. of sales generally have increased 15 percent. CoreLogic also notes the surprising surge in prices for non-distressed cash sales in the markets with the most investor activity which.

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when the Illinois Association of Realtors reports these numbers in 2 weeks they will be understating it as a 27.8% increase because they will be comparing preliminary 2013 numbers to. at the long.

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 · REOCON 2013: An update on short sale and REO trends. elaborated on 2012 short sale and REO trends when speaking to Realtors. 31 states posted annual increases in non-foreclosure short sales.

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Home » REOCON 2013: An update on short sale and REO trends Real Estate REOCON 2013: An update on short sale and REO trends Megan Hopkins January 28, 2013 3:05PM September 12, 2013 The nation turned a corner since entering a foreclosure crisis more than four years ago, analysts attending the 2013 REOCON Summit & Expo said Monday.

Save Your Home | Mike Bjorkman Those trends continue. Zombie foreclosures: New Jersey courts closed 12,639 foreclosure cases by entering default judgments against the borrowers in 2013. But CoreLogic found only 5,888 homes.

A distressed sale is a short sale or a so-called real estate-owned property, commonly referred to as an REO. A short sale is an agreement between a lender and a seller to put a home on the market for less than the balance on the mortgage. An REO is a property owned by a lender who is selling after foreclosing on the previous owner.

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