distressed properties: The Numbers Are In: 46 Months to Clear the Distressed Housing Supply
- 05/16/12 12:20 AM
Standard & Poor’s Rating Services based on first-quarter 2012 data has produced its estimates. Regional procedural variations on judicial/non-judicial have provided much information on how much time is needed to clear the backlog of nonperforming loans.
“S&P includes in the shadow inventory all outstanding properties on which the mortgage payments are 90 or more days delinquent, properties in foreclosure, and properties that are REO. The agency also includes 70 percent of the loans that became current, or “cured,” from 90-day delinquency within the past 12 months because S&P says these loans are more likely to re-default.”
Related Articles:
Builder Confidence … (1 comments)
|
distressed properties: Distressed Properties in 2012
- 02/07/12 07:31 AM
State of Distressed Properties in 2012
Predictions are always hard to make and distressed sales are no different. Factors like home values, employment, and consumer confidence will all be determinants of the rising or falling housing market. That is the only thing that is certain.
“Foreclosures aren’t going away right now,” says Andy Firoved, CEO of CounselorDirect, a technology company that specializes in automating processes for various government foreclosure-prevention programs. “We’re going to have a certain level. The question is, how many?”
These are the predictions made by Firoved:
#1-Government home ownership assistance programs will get more effective.
The … (1 comments)
|
|
|
|
Standard & Poor’s Rating Services based on first-quarter 2012 data has produced its estimates. Regional procedural variations on judicial/non-judicial have provided much information on how much time is needed to clear the backlog of nonperforming loans. 
;)
;)
;)
