foreclosure: America moving towards Socialism? - 09/11/09 05:02 PM
OK, there was a conversation on another platform that started-off about the increasing mortgage delinquencies as reported by the MBA.  Well the conversation transformed a little and started heading down the political road and it inspired me to respond.  So, I thought I would share my response with you.
Well...this conversation has gotten deep.  Well...deep...  LOL!   OK, just trying to lighten the mood a little!  But obviously the conversation got deep enough for me to come out from under my rock.  I tend to try to stay away from conversations when they start to head down the political or religious road.  … (2 comments)

foreclosure: We're all very busy. Here's and easy way to give back, and have fun doing it! - 09/07/09 03:55 PM
For all of you going to FiveStar, here's your opportunity to give back.  Attend the TSUNAMI Party and Charity Event.
Have fun? Party, dancing, networking, scotch, cigars and ASSET MANAGERS.  http://bit.ly/M8M3n
Giving back? All the proceeds from this event go to the Foreclosure Angel Foundation.  http://bit.ly/zzOXE
Who's sponsoring this amazing event?  The REO Masters Network.  The NRBA and REOMAC are great organizations, but can you get in?  There's still a chance to get in the REO Masters Network...don't let this one slip by...  http://bit.ly/4DdUS
(1 comments)

foreclosure: Is The Market Turning??? - 07/28/09 07:50 PM
Again, it's been a while since I've blogged, but I've been up to my ears in "busy"!  I hope all is well with all you "Rainers" out there!
So, last year at this time we had almost 30,000 properties on the market.  As of Monday (7/27/09), we had 26,061 properties on the market (including 13,518 contingents and pendings - I include those because they have not sold yet, but that's another blog entirely).  Of those, 8103 were REO (which equates to about 31%) and 11,767 were short-sales (which equates to about 45%).  Of 4189 sales in the past 30 days, 3076 were REO and … (0 comments)

foreclosure: WOW, What does your market look like? - 03/28/09 05:29 PM
As of today, there were 2876 closed units in the past 30 days. 
Of those 2286 were REO and 192 were short sales.  So 79% of closed sales in the past 30 days were REO and 8% were short sales for a total of 87%. 
87% of total sales were distressd properties.  That will seem like a big number after I give you the rest of this info.
Our total current inventory is 29697.  Of that total, 11943 are REO and 9887 are short sales, which equals about 40% REO and 33% short sales.  So almost 80% of our sales are coming … (7 comments)

foreclosure: Hmmmm....gotta look at contingents and pendings too... - 02/25/08 03:13 PM
After posting my latest blog, I popped over and read Renee Burrows' latest blog (I have much respect for her opinion) and she made note of the increase in pendings.  So I took another look at my stats and WOW!  My stats are a snapshot, and the "snapshot" from 4 Feb shows 2,853 pendings and contingents.  The "shapshot" from today (25 Feb) shows 3,880 pendings and contingents!  Huge difference.  I can see that being the hint of the beginning of the slowdown of the declining market...did that make sense?  But, in my humble opinion, I don't see this spring/summer as a turning … (3 comments)

foreclosure: I'm Baaaack!!! :) - 02/04/08 03:18 PM
Well, I haven't blogged in over a month.  For all five of you that read my blogs, sorry.  It is a good thing though, I've been extremely busy!  I've just decided to make the time to blog at least once a week.  So, I'll do a little more idle chit-chat later, but here's the current numbers...things looked like they were going to get better there for a little while.  The market really is great, it's just great for buyers right now and seller have to price right.  Our numbers are almost back to what they were before the holidays.  Talk with you … (9 comments)

foreclosure: Foreclosures!!! I know, they're nothing new, but here are new stats... - 11/15/07 03:38 PM
Nevada ranks number one again in the percentage of increase in foreclosures.  Foreclosures for the third quarter of the calendar year were up 33.9% from the previous quarter and 212% over the previous year.  I say we are NOT going to come out of this by Spring.  Anybody care to wager?  Just kidding.  Nevada is leading the pack with 1 in every 61 homes in foreclosure.  But, don't think this is an isolated trend.  There were only three (that's 3) states that did not report an increase in forclosures for the same quarters.  Those are Oklahoma, Louisiana and Utah.  Hmmm...Utah's not so … (5 comments)

 

Lowell Caro Jr.

REO Broker and Market Advisor

Las Vegas, NV

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Keller Williams

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