foreclosures: Months Supply of Shadow Inventory According to NAR
- 03/06/12 09:53 PM
As you can see, WI isn't the worst by any means, but according to the National Association of Realtor's WI has 11 months of shadow inventory, which means the banks inventory of foreclosed homes that are not currently on the market for sale yet would take 11 months to sell all of those homes when they do put them on the market, and that means that consumers have to compete with their prices when selling their home, and buyers will still have a steady stream of distressed properties to choose from. … (0 comments)
foreclosures: Is a distressed property the right deal for you?
- 06/02/10 07:21 AM
With the first-time homebuyer tax credit deadline having come and gone, you may be asking yourself, “What now?” Fortunately, the door is now open to a new wave of savings: distressed properties. For many buyers, the term foreclosure brings up images of run-down homes with no heat and rotting wood. While this is still the case for some homes, it’s no longer the standard. In fact, first time buyers are snatching up distressed deals in decent condition for great prices. According to a November 2009 Keller Williams Research Buying Distressed Properties Survey, 40 percent of all buyers for bank-owned foreclosures … (0 comments)
foreclosures: Wisconsin Foreclosure Assistance Information
- 08/02/09 03:45 AM
The Wisconsin REALTORS® Association (WRA) has officially kicked off an online public education project aimed at keeping people in their homes. Dubbed the Wisconsin Foreclosure Assistance Resource Center, the Web site at www.wisconsinforeclosurekit.org breaks down the foreclosure timeline, provides a glossary of terms and lists answers to frequently asked questions about the foreclosure process. In addition, it includes steps homeowners can take to avoid foreclosure, such as loan modification and quick sales. E. Joe Murray, WRA's director of political and government affairs, reports that the association designed the Web site to be "a comprehensive tool that people could use no matter … (0 comments)
foreclosures: Tips For Buying Foreclosure Properties
- 09/23/08 10:24 AM
Foreclosed houses are everywhere you turn in this market. But while their sticker prices are low, buying one can be a risky endeavor. This is mainly because you won't have the same protections as you would for a conventional house. From Consumer Reports magazine, here are four ways you can protect yourself if you're in the market for a foreclosed home: 1. Don't pay a fee for property listings. You can find free information on foreclosed homes in your area by checking with a local agent. Usually there will be someone who specializes in foreclosed properties at the broker's office. This … (1 comments)
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