RealtyTrac Newsletter: Year-End Foreclosure Report-View Details For Your Area

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ISSUE 17 March 2008

TOP STORY

U.S Foreclosure Activity Up 75 Percent in 2007 A total of 2,203,295 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 1,285,873 properties nationwide during 2007, up 75 percent from 2006. "The year ended with a monthly increase of 7 percent in December, making it the fifth straight month with more than 200,000 foreclosure filings reported and giving the fourth quarter the highest quarterly total we've seen since we began issuing our report in January 2005," said James J. Saccacio, chief executive officer of RealtyTrac. "It also pushed the foreclosure filing total for 2007 well over 2 million. And while filings were up 75 percent, the number of properties in some stage of foreclosure was up 79 percent, indicating that some properties may have just entered the initial stage of foreclosure in 2007 and could be going through the rest of the foreclosure process in 2008 - unless lender and government intervention efforts begin to gain more traction." VIEW FULL STORY

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LATEST ARTICLES

Foreclosure E-mail Alerts Be one of the first to know when a bargain property becomes available in your neighborhood. Investor Training: Sorting It All Out Training programs for real estate investors sometimes seem as numerous as real estate investors themselves. Sorting through all the hype and promises from these programs can be tricky and can cost prospective investors thousands of dollars with nothing to show for it - if they are not careful to do their homework up front. VIEW FULL STORY New Feature: Online Bidding, Online Offers There's good news for RealtyTrac users who want to buy bank-owned properties: RealtyTrac has introduced three new ways to buy thousands of these homes online. Users now have the ability to make offers directly to the lender or agent, bid in online auctions or contact agents who handle government foreclosures. VIEW FULL STORY Finding Financing for Foreclosure Deals For real estate investors, financing is a necessary cost of doing business. Along with the after-repair value and cost of repairs, the cost of financing is a crucial part of determining whether a deal makes good financial sense. And as the cost of financing goes up, investors will need to build more margin into their deals to account for that added cost. VIEW FULL STORY MORE ARTICLES Investment Banks Shoulder Bigger Share of REO Burden Buyer's Agent Smoothes Sometimes Bumpy Road to Foreclosure Purchase

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