Distress Property Stats February 2020

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

In March of 2020, Realtytrac.com reported nationwide there were 373,962 distress properties in February of 2020 declined 2.0% from January of 2020, and fell 12.0% from February of 2019. While, pre-foreclosures were 37.1%, auctions were 41.1%, and REOs were 21.8%; one in every 2,820 properties homes were in foreclosure, and State of New Jersey had the highest rate with one in every 1,453 homes in foreclosure during February of 2020.

Pre-foreclosures up 4.1% in the February of 2020, from January of 2020, but lower 7.1% from February of 2019.
Auctions decreased 8.8% in February of 2020, from January of 2020, and dropped 18.5% from February of 2019.
REOs increased 1.0% in February of 2020, from January of 2020, but down 8.1% from February of 2019.

For complete more detailed information about RealtyTrac.com's distress properties stats for February of 2020, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainer
560,147
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update John, all the best to you as you get many of these properties listed and sold.

Sally

 

Mar 27, 2020 01:18 AM #1
Rainmaker
71,376
Anna Chroscicki
Re/Max Masterpiece Realty - Port St Lucie, FL
Realtor - St. Lucie County affordable Real Estate

Good Information :)

Mar 27, 2020 09:33 AM #2
Rainmaker
2,945,890
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Sally Crane glad you find the report very useful. All the best to you list and sell many properties in your area too. Thanks for the comment. 

Mar 27, 2020 03:15 PM #3
Rainmaker
2,945,890
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Anna Chroscicki glad you find the report informative. Thanks for the  comment.

Mar 27, 2020 03:16 PM #4
Rainmaker
2,082,331
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning John Pusa - thanks for sharing this.  It is something to continue watching.

Mar 28, 2020 05:24 AM #5
Rainmaker
2,945,890
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Grant Schneider you are welcome. I agree, it is something to continue to fallow. Thanks for the comment.

Mar 28, 2020 10:48 AM #6
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Rainmaker
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John Pusa

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I will be very happy to assist you with your real estate needs.
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