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Quarterly Foreclosure Activity Drops to Lowest Level In Eight Years

Foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 313,487 U.S. properties in the first quarter of 2015, down 7 percent from the previous quarter and down 8 percent from the first quarter of 2014 to the lowest quarterly

Posted in Foreclosures, Real Estate Tagged with: , , , , , , , , , , , , , , , , , , , , , , ,

REO listings are nothing more than foreclosure that are using a less known acronym.

REO stands for “Real Estate Owned” and is the term that the mortgage holder uses to identify homes that they have foreclosed on and they are holding in their inventory. These “REO listings” are held in the banks inventory for

Posted in Foreclosures Tagged with: