reo: 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)

reo: REO, Bank Owned, Short Sales and Private Sales of Homes Driggs, Victor and Tetonia Idaho Report - 04/12/11 02:35 AM
I went through the MLS and pulled out sales in Teton Valley Idaho including Driggs, Victor and Tetonia for the last year to see how many where REO (Bank Owned) or Short Sales compared to Private Sales. Here is a graph of what I found.
 
This is for Estimated Home Sales Volume, Teton County Idaho for one year ending April 11, 2011.
… (1 comments)

reo: 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)

reo: 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)

reo: Real Estate Market Report, Teton Valley Idaho (Victor, Driggs and Tetonia) - 03/02/10 12:47 AM
2010 January 1 through February 28th Market Report for Teton Valley Idaho Real Estate (Victor, Driggs and Tetonia). snapshot.
Single Family homes sold - 18 4 of 18 were short sales 4 of 18 were (bank owned) REO 3 lot sales with one a REO (bank owned) one commercial property was leased no commercial sales reported. no condos or twins Compared to last year Jan & Feb (2009):
Single Family homes sold - 8 condos - 2 twin homes - 1 3 lot sales no commercial no reported REO or Short sales As reported by the tbor mls. Information is deemed to be reliable, … (0 comments)

reo: Short Sale, Foreclosure and REO Real Estate Specialist for Madison, Teton and Fremont Counties of Idaho - 02/22/10 02:15 AM
I just wanted to let the world know that I've added another specialty to my real estate business. I am YOUR Short Sale, Foreclosure and REO specialist for Madison, Teton and Fremont Counties of Idaho. In light of what is going on in our economy and in the local housing market and with so many people facing foreclosure or finding themselves upside down in their mortgages I have taken special training on helping homeowners in distress. A foreclosed property in a neighborhood can have an extremely negative effect on the entire marketplace and one of my goals is to help homeowners … (2 comments)

reo: 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)