Foreclosures So Far: A 2015 1st Quarter Review

Posted by Chris Clothier on Thu, Apr 23, 2015

When the housing crisis kicked up in 2007, foreclosures became a nationwide fear for American families. Between 2007 and this year, a whopping 5 million Americans lost their homes to foreclosure. Homeowners grew more and more fearful as neighbors disappeared and property values dropped off. Those foreclosed upon found themselves with ruined credit — making another home purchase impossible as they were turned down for even small loans and credit cards.

Of course, real estate investors took this chance to buy foreclosed properties and slowly, slowly breathe life back into the real estate market. But now, eight years later, where are we?

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Topics: foreclosure rates

Real Estate Foreclosure Rates Fall Lowest Since 2006

Posted by Chris Clothier on Fri, May 30, 2014

Some investors have ongoing concerns regarding the real estate market, particularly when it comes to a relatively weak demand for homes. There’s some news to be celebrated right now, however. The number of lenders that have initiated real estate foreclosures has fallen to the lowest level it’s been in almost 8 years.

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Topics: real estate investing, real estate investors, foreclosure rates