Tag archives for Realtytrac

Three-Year Timeline for New York Property Foreclosures

According to RealtyTrac, the average amount of time that it currently takes in the state of New York to complete the foreclosure process is 986 days. This time period, which is nearly three years, is the longest of any state in the country and a record high for New York. New Jersey trailed close behind with an average of 974 Read full article »

August Posts 33 Percent Spike in Foreclosures

It looks like the unofficial moratorium on foreclosure may be over. 33 percent more U.S. homes received an initial default notice in August over July – the biggest monthly gain in four years. While an initial notice does not guarantee a foreclosure, the spike does seem to indicate that lenders are done waiting for resolution on the robo-signer crisis and Read full article »

Bank of America Donates Houses, then Bulldozes Them

Earlier this year, Bank of America announced that it would be donating houses in the Cleveland area to a local agency that manages blighted property. Now, in addition to its donation of property, the lender will also be contributing to the demolition of those houses. BofA has announced similar plans for properties in Detroit and Chicago. While this might not Read full article »

Foreclosure Times Down In California, Nevada and Arizona

Despite massive uncertainty about the validity of many aspects of the foreclosure process, foreclosure times actually decreased in three states last month. California, Arizona and Nevada all reported decreased foreclosure timelines in June 2011 despite uncertainty over MERS, bank processes and the general wisdom of adding to the shadow inventory in a fragile market. According to ForeclosureRadar, even though the Read full article »

Real Estate Investors Making At Least 17 Percent of All Home Purchases Nationwide

While many families struggle to find the funds to purchase their own home in today’s market where the deals abound but credit is tight, real estate investors are making the market work by buying in bulk. According to the National Association of Realtors, real estate investors represented 17 percent of all home sales nationwide in 2010. And that number is Read full article »

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.

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.