According to RealtyTrac, foreclosure filings dropped 14 percent month-over-month from January 2011 to February. This includes default notices, scheduled auctions and bank repossessions, and is a 27 percent year-over-year decline nationwide. Of course, there are some areas that are exceptions, such as Seattle, which had a 69.7 percent year-over-year increase, creating an isolated foreclosure trend in the area while most Read full article »
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Foreclosure Filings Drop Nationwide – Lowest Since 2008
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Delinquent Mortgages, Draft, Foreclosure, foreclosure filings, Foreclosure Real Estate, foreclosure trends, Foreclosures, james sacaccio, judicial foreclosure, low foreclosure filings, Mortgage, mortgage trends, Mortgages, non judicial foreclosure, Real Estate, real estate education, Real Estate Investing, real estate investing education, Real Estate Investing News, Real Estate Investing Tips, Real Estate News, real estate tips, Realty Trac, Realtytrac, seattle foreclosures, seattle mortgages, seattle real estate market, washington foreclosures, Washington Real Estate, washington state foreclosures, washington state real estate
70 Percent of REO Properties Have Yet to Hit the Market
According to a newly-released RealtyTrac report, banks are still holding, unlisted, 70 percent of REO properties. That means that of all the REO properties currently on the market, only 300,000 of the estimated million homes that have been repossessed through foreclosure are actually available for sale. The report indicates that not only have foreclosure filings reached a new high in Read full article »
tags: Bryan Ellis, bryan ellis carol vansickle, bryan ellis carole vansickle, Bryan Ellis Real Estate Letter, carol vansickle, Current Mortgage Rates, Draft, Fannie Mae, fannie mae foreclosures, Foreclosure Market, foreclosure trends, Freddie Mac, freddie mac foreclosures, Landlords, Morgan Stanley, Real Estate Investing, Real Estate Investing News, Real Estate News, Real Estate Trends, Realty Trac, Realtytrac, Rental Property, rental property trends, rental trends, rental vacancy, reo market, reo properties reo trends, reo property trends, Rick Sharga, rick sharga realtytrac, Shadow Inventory, tenants rights
The “New Normal” – Soft Tyranny Threatens The Real Estate Market
I implore you to read every word of this article. It's a quick read, and you might be tempted to think it's not relevant to the real estate business. But if you'll hang with me, I assure you you'll see the very clear connection. This is really important information. There's been a lot of talk in the main-stream media and other Read full article »
category: Editorial
tags: Allies, American People, Association Of Realtors, Bad News, Bank Repossessions, Cl, Cnbc, Common Sense, Economic Approach, Economic Measures, Economic Policies, Economy, Estate Business, Foreclosures, Lot, Main Stream, National Association Of Realtors, Norm, Pertinent Facts, Polls Show, Presidency, Private Lenders, Real Estate Market, Real Estate Professionals, Realities, Realty Check, Realty Trac, Repossessed Properties, Rhetoric, Stream Media, Tyranny, Unemployment
New Study Could Provide “Playbook” for Foreclosure Investors
According to a new study released by Realty Trac, banks stand to lose significantly less if they can negotiate a short sale on a property than if they repossess and resell the property. In fact, the upper end of the “discount” on the property if sold via short sale is a full 3% lower than the lower end of the Read full article »
category: Real Estate News
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.