Posts tagged as:

Knoxville foreclosures

More NEW Homeowners Are Becoming Delinquent

November 15, 2010

According to the Federal Reserve Bank of New York, 2.7% of current mortgage balances transitioned to delinquency, up from 2.6 percent last quarter. Additionally, industry research firm Foresight Analytics predicts residential mortgage delinquencies at 13.3% for the third quarter. New threads are popping up every day on ActiveRain, RealTown and other sites posing the question: [...]

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Judicial and Non-Judicial States (RE: Foreclosures)

November 4, 2010

The difference between judicial and non-judicial states is relatively simple, but an important and often misunderstood part of the foreclosure process. We’re encountering a lot of confusion among agents and homeowners about this issue, so here’s some clarification. Judicial A “judicial” state requires a judicial review of the foreclosure case before it can be officially processed. [...]

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Short Sale Myths

October 19, 2010

Short sales can be very confusing – are they the same as a foreclosure? If not, how are they different? Do I need to be behind on my mortgage payments to do a short sale?  Etc… So here are some myths cleared up: A short sale can be an excellent solution for homeowners who must [...]

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Local Foreclosures – August 2010 Stats

October 14, 2010

Here are some of the most recent statistics regarding foreclosures in our area. 1 in every 647 houses in Tennessee received a foreclosure filing in August 2010. This isn’t nearly as bad as the national level – 1 in every 381 homes. On a more local level, 1 in every 812 houses in Knox County [...]

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Distressed Property Statistics

October 12, 2010

Ryan and I recently became Certified Distressed Property Experts (CDPE), which means we are trained on how to handle distressed properties, or short sales.  We will be routinely updating you on the distressed property market both on a national and local level. Some of the most valuable assets for agents assisting distressed homeowners are statistics … [...]

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Luxury Foreclosure Trends

October 11, 2010

 A Record 2.8 Million Foreclosure Filings Were Reported In 2009! The foreclosure tsunami that began with faulty sub-prime loans will likely continue to ripple out to higher-priced segments of the housing market.  In 2010 as a growing wave of Option-ARM loans recast with higher monthly payments and increasing delinquency rates for prime mortgages which translates [...]

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Knoxville Ranks in Top 5 for Recovering Cities

January 22, 2010

In a study conducted by Forbes, Knoxville ranked #5 in cities that are recovering the quickest in the real estate sector.  The study included America’s 100 largest MSA (Metropolitan Statistical Areas), which are defined by the US census.  The key factors in the study included foreclosure rates and delinquency rates, which lead to foreclosures.  The [...]

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