Survey Finds Short Sales Outnumber REO in January Purchases

Survey Finds Short Sales Outnumber REO in January Purchases

The LPS HPI represents the price of non-distressed sales by taking into account price discounts for bank-owned real estate (REO) and short. lenders find that they are paying overtime for staff near.

Buying a short-sale house: A guide to the process. Buying a home through a short sale is different from buying a property at a foreclosure auction, or one that is.. Find a real estate professional who understands the territory.

Housing Wire – "Survey Finds Short Sales Outnumber REO in January Purchases" (2-22-10) "Short sales accounted for 15.9% of home purchases in January, surpassing the share of other distressed property activity, when real estate owned (REO) properties are measured separately, according to a monthly Campbell/Inside Mortgage Finance (IMF.

Pre-foreclosure sales accounted for 12.1 percent of all sales, while bank-owned sales made up 19.2 percent. The average sales price on distressed homes was $164,217, dipping from $165,272 in the first quarter and down nearly 5 percent from a year ago. Prices were about 32 percent below the average sales price of homes not in foreclosure.

All Blog Entries by Susan Giove. investors set home buying Sights on Short Sales, Latest HousingPulse Survey Finds Sunday, April 1st, 2012 at 1:06pm.. A combination of low home prices and growing demand for rental units make purchasing damaged Real Estate Owned (REO), fixing up the.

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REO's Short Sales & Foreclosures: Which Property Type Best Aligns With My Strategy? by Than. Real estate investors are constantly looking for new ways to find great deals. Whether it be. Follow these tips for buying short sale properties :.

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First of all, we’re having a little reshuffle amongst our regular writers. Dom Reseigh-Lincoln, who took over as Editor from Thomas Whitehead in January, will be moving over to our reviews team along.

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