bank owned: I’m Gonna be Late for Dinner Again
- 05/01/12 11:49 PM
Last night I called Heather and let her know I was going to be late for dinner. I just got a call to do a drive by BPO and I was going to take the order. I live in Teton Valley Idaho (ID)and the servicer wanted me to do a broker price opinion in Grovertown Indiana (IN).
The servicer’s accent made me wonder if she was a virtual assistant from somewhere outside of the US. Not that everyone in the US would know that ID is for Idaho and IN is for Indiana. In fact I am not sure … (9 comments)
bank owned: Shift from Multiple Properties to Multiple Buyers
- 04/30/12 11:47 PM
We are starting to see a shift in our market. Where just last year it was common to see offers state “buyer is offering on multiple property and will buy only one” now we are seeing multiple buyers offering on the same property. In one situation a cabin in rough shape on a town lot hit the market Friday and by Monday had 7 offers. Two of the offers for above ask and one by nearly 130% of ask price. I have suggested that buyers consider the value of the property, not what will someone else likely bid. … (2 comments)
bank owned: Idaho Jobless Rate Falls, New Home Foreclosures
- 05/28/11 03:37 AM
More than 3,000 new jobs created in April! Idaho Jobless Rate Falls a tenth of a point from a record 9.7 percent to 9.6 percent. April 2010 the rate of unemployment was 9.1 percent. For Teton County, the unemployment rate dropped almost 3 percent from 9.1 percent in March to 6.7 percent in April. The drop partially contributed to the longer ski season at Targhee. After 33 months of job declines, April was the fourth straight month that current job totals exceeded earlier years' levels. The economy had 3,600 more jobs than in April 2010. We have had 9 new applications … (1 comments)
bank owned: REO Inventory Reaches All-Time High
- 05/05/11 07:44 AM
The national inventory of REO properties rose in March to a record high of 2.2 million. Foreclosure starts also increased by 33 percent month-over-month, according to the March Mortgage Monitor report by Lending Processing Services Inc. However, it's not all doom and gloom for the housing market. The report revealed a significant increase in foreclosure sales, which is helping to chip away at the swelling inventories that are battering many markets. Also, delinquencies continue to decline, which is a sign of fewer foreclosures brewing in the pipeline. Delinquencies fell more than 11 percent in March from February - the lowest level … (0 comments)
This is for Estimated Home Sales Volume, Teton County Idaho for one year ending April 11, 2011. … (1 comments)
bank owned: Teton Valley Homes Offered and not sold at Auction
- 09/15/10 02:31 AM
Lots of Homes offered for sale here in Teton Valley Idaho thru auction companies such as Williams & Williams. What is the pattern and why are they not sold? Steps to get there: •1. Seller tries to sell for 12 months to pay off dept. •2. Offered for 6 to 12 months as a short sale at or just below market value. •3. Home gets foreclosed on and enters the market again as REO (bank owned). •4. 5% per month reduction in price. •5. 6 to 12 months later goes to auction. •6. Auction Company charges a 5% buyers premium. Some … (1 comments)
bank owned: In Town Driggs Idaho Home For Sale, Teton Valley (not short sale)
- 03/08/10 04:10 AM
Teton Valley Idaho, this home is in the town of Driggs. It has been constructed with upgrades throughout. Includes granite, hardwood floors, alder cabinets and a garage. Real wood doors and trim. This is one of two homes we are offering for sale on 5th street. This quality for this price is unheard of in the valley. Not a short sale, not a REO (bank owned). This home needs to close simultaneously with the other unit or requires a partial bank release (both homes are under one construction loan). The seller has priced these two homes aggressively to sell. take a look … (0 comments)
bank owned: How to Get the Best Short Sale or REO Deal in Victor Idaho
- 12/01/09 12:18 PM
Here are a few suggestions on how to get the best Short Sale or REO Deal in Victor Idaho. REO and short-sale properties can be money pits when offers take forever to close and vacant properties are trashed.
The best short-sale deals are those where the bank has pre-approved the sale price. The property may still take a long time to close, but not as long as it would otherwise. Buyers of a short-sale should be prepared for multiple offers. If the short-sale property is an attractive one, the lender will continue to market the property even after signing a … (2 comments)
Last night I called Heather and let her know I was going to be late for dinner. I just got a call to do a drive by BPO and I was going to take the order. I live in Teton Valley Idaho (ID)and the servicer wanted me to do a broker price opinion in Grovertown Indiana (IN).
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