Foreclosure Market Trends-Oct 2011

Nationwide Agent Network Donna Tashjian Keller Williams 630 Kenmoor SE Suite 101, Grand Rapids, MI 49546 “I am able to assist you in the prevention of foreclosure. I can help you find the property best suited to your needs. I am here to act as your local real estate specialist, CDPE. Buying or Selling” Phone: 616-942-9540 Email: DonnaT@grar.com License #: 6501350915 October 2011 Volume 5, Issue 15 Download PDF File 6 month Michigan Foreclosure Trends NOD NTS NFS LIS REO Search for Investment Properties> Michigan Foreclosure Activity Rises in August Foreclosure filings — default notices, scheduled auctions and bank repossessions — rose in Michigan, where 13,016 properties were reported in August, a 19 percent increase from July but 27 percent below the level reported for August 2010, according to the latest RealtyTrac® U.S. Foreclosure Market Report.Complete Story Foreclosure Activity on Slow Burn By RealtyTrac Staff Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 610,337 properties in the third quarter, an increase of less than 1 percent from the previous quarter and a decrease of 34 percent from the third quarter of 2010, according to RealtyTrac. The report shows one in every 213 U.S. housing units with a foreclosure filing during the quarter. Foreclosure filings were reported on 214,855 U.S. properties in September, a 6 percent decrease from August and a 38 percent decrease from September 2010. September marked the 12th straight month where foreclosure activity decreased on a year-over-year basis.Complete Story Here are some of the most recent Investment opportunities in the area. Pre-Foreclosure 5 Mile Rd NE Ada, MI 49301 Amount N/A Beds/Bath Sq. FT 0/0 0 Property Type Address Amount Default Sq. Ft.   Bank-Owned Whitneyville Ave SE, Alto, MI 49302 $220,000 N/A 3,911 GET DETAILS Auction Auction Date: 11/2/11 Egypt Valley Ave NE, Belmont, MI 49306 $53,712 N/A 0 GET DETAILS View more properties in Kent County Slideshow: Why Isn't Real Estate Rebounding? By Jim Saccacio, RealtyTrac CEO In this presentation given to the North Dallas Chamber of Commerce, RealtyTrac CEO James Saccacio shows how the real estate recovery has been stalled by low consumer confidence, weak demand, government intervention, sloppy foreclosure practices and the infamous shadow inventory. The presentation digs into the true numbers behind the shadow inventory and proposes one simple solution from Saccacio to erase a big chunk of the shadow inventory without heavy-handed government intervention. Complete Story FORECLOSURE TRENDS : AUGUST, 2011 NATIONAL MICHIGAN KENT CTY NODs 40,765 5,065 254 NTSs 63,347 3,942 182 NFSs 21,058 0 0 LISs 38,115 0 0 REOs 64,813 4,009 318 Notice of Default (NOD) A non-judicial document filed by a trustee that starts the foreclosure process.More about NOD Lis Penden (LIS) Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS Auction / Notice of Trustee's Sale (NTS) A filing by notice announcing a public auction. More about NTS Notice (Judgment) of Foreclosure Sale (NFS) An order signed by a judge directing to sell the property at public auction.More about NFS Real Estate Owned (REO) The final step in foreclosure process in which property ownership returns to lender. More about REOs