RealtyTrac Names 10 Best Beach Towns to Buy Foreclosures
RealtyTrac Names 10 Best Beach Towns to Buy Foreclosures
By Esther Cho, DSNews, June 25, 2012
Looking for a beach home? Perhaps not, but according to a report released by RealtyTrac, certain beach towns offer sizeable discounts that make vacation dream homes seem a little bit more accessible. Using home sales prices for distressed properties in the first quarter of 2012, the real estate database company ranked the top 10 beach towns to buy foreclosures in its June 2012 Foreclosure News Report.
Why 25,000 Massachusetts Foreclosure Buyers Are Breathing Easier
By Daren Blomquist, RealtyTrac Vice President, June 25, 2012
A ruling by the Massachusetts Supreme Court last week may offer peace of mind for nearly 25,000 foreclosure buyers in the state. The court provided clarification on what paperwork and documentation lenders need to properly foreclose, but said its clarification does not apply retroactively. That should provide relief to the thousands of buyers who have purchased foreclosed homes over the past five years, reassuring them that those homes will not be taken back from them because of foreclosure processing documentation that does not meet the standards outlined by the court in its decision.
Short Sales Will Eclipse REO Sales in Las Vegas
By Octavio Nuiry, Staff Writer, June 25, 2012
For the first time since the foreclosure crisis struck Las Vegas five years ago, short sales are on track to eclipse bank-owned, foreclosure sales.