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FORECLOSURE MARKET TRENDS

By
Real Estate Agent with The Carver Home Team 24332

Being a part of the RealtyTrac Nationwide Agent Network, I am provided with the FORECLOSURE MARKET TRENDS for my market area . I'd say we're doing pretty good compared to the rest of the nation. As a matter of fact, our inventory is only about 2.1 months. 

September 2012 Volume 6, Issue 9

 

  

 
 

 

Foreclosure Trends : July, 2012

National

Washington

King CTY

NODs

21,155

 

0

 

0

 

NTSs

53,698

 

2,383

 

687

 

NFSs

23,925

 

0

 

0

 

LISs

39,493

 

0

 

0

 

REOs

53,654

 

1,162

 

259

 

 

Foreclosure Terms

Notice of Default (NOD)

A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD

Lis Penden (LIS)

Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS

Auction / Notice of Trustee's Sale (NTS)

A filing by notice announcing a public auction. More about NTS

Notice (Judgment) of Foreclosure Sale (NFS)

An order signed by a judge directing to sell the property at public auction. More about NFS

Real Estate Owned (REO)

The final step in foreclosure process in which property ownership returns to lender. More about REOs

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MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years
Thanks for sharing about what's happening in distressed properties.
Aug 29, 2012 04:03 PM