New bank-owned homes uploaded to RealtyTrac. | |  | What inventory shortage? 4.5 million homes just resurfaced. | Find for-sale inventory before it's listed. | 8.3 million under water homeowners about to resurface with enough equity to sell A recent RealtyTrac report on underwater loans and home equity found 8.3 million homeowners nationwide who will regain enough equity to sell their homes in the next 15 months. Many of those homeowners will be listing their homes for sale in the coming months, but RealtyTrac can help you identify and contact them even before they list! Try RealtyTrac Free for 7 Days.1 in 4 homes in foreclosure now has positive equity The same RealtyTrac report found that rapidly rising home prices over the past 15 months have left more than 125,000 homes in foreclosure with positive equity - meaning they can be sold without resorting to the often-complex and lengthy short sale process. | FIND REAL ESTATE DEALS NOW! | | Top 10 States: Resurfacing Equity | State | Homes Resurfacing | California | 1,011,811 | Texas | 825,772 | Florida | 703,474 | Ohio | 389,763 | Illinois | 381,981 | Pennsylvania | 350,175 | North Carolina | 331,212 | Washington | 302,637 | Colorado | 270,372 | New York | 268,749 | | Top 10 Metros: Foreclosures with Equity | State | Foreclosures with Equity | New York, NY | 21,524 | Miami, FL | 11,434 | Chicago, IL | 7,861 | Philadelphia, PA | 5,657 | Los Angeles, CA | 4,806 | Tampa, FL | 3,725 | Orlando, FL | 3,019 | Riverside, CA | 2,170 | Dallas-Fort Worth, TX | 2,149 | San Francisco, CA | 1,879 | | Rising Home Prices Might Help 8.3 Million Borrowers Avoid Short Sales By Shanthi Bharatwaj, Sept. 5, 2013 NEW YORK (TheStreet) -- Underwater borrowers have reason to hope. According to a new report from RealtyTrac, if home prices continue to gain at this pace, an estimated 8.3 million borrowers could be on track to regain equity in their homes allowing them to sell. Read full story.
Agents target unlisted foreclosures with more success By Teke Wiggin, June 20, 2013 Fabi Soliemani, owner of Los Gatos, Calif.-based Synoptic Real Estate Group, was able to pull off such a deal this year. After identifying an unlisted home in foreclosure with RealtyTrac's search engine in early 2012, Synoptic tried but failed to negotiate a short sale with the homeowner's lender. But in March 2013, after a leap in home prices, Synoptic pulled off a sale. And it wasn't a short one: The seller actually pocketed money. Read full story. |
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