Good News For Short Sale Investors

April 6, 2009, Writen by: Chris Anderson, Ph.D

Follow Us On

Linkin Profile

---

Its Monday morning so do you want the good news first or the bad news?

Since we mostly hear bad news these days, let’s start with the good news for a change.  If you are a short sale investor, or someone considering getting into short sale investing, then you may be in luck.   A new report from the Department of Treasury shows that banks approved almost 3 times more short sales in the 4th quarter of last year as compared to the first quarter.

Referring to the table and chart below, we can see that this is really a significant increase.

One of the biggest complaints of short sale investors has been that the banks are dragging their feet in getting their deals done.  In part, this may be due to non-ideal techniques used by many short sale investors: there are some short sale investors that are getting a lot of deals done on a consistent basis.  Even still, it sure would help to ride a wave of increasing short sales by the lending institutions.

If you are thinking about investing in short sales, you may want to visit this video that we put together.

So What Is The Bad News?

The bad news is that in all categories of loan defaults, foreclosures where just not getting any better by the end of last year…. Gee, isn’t that a surprise.  While we will cover this topic in much more detail later, the short story (no pun intended) is that when you look at the number of loans that are

• 30-59 days delinquent;
• 60-89 days delinquent;
• 90 or more days; or
• Foreclosure in process,

all were going up over the course of last year.  Looking at those stats, you know that we are not out of the woods yet.  Unfortunately, many of these type detail reports are a few months behind so it is just one piece of the puzzle that we all need to be watching.

Related Real Estate Investing Posts

1. Broker Price Opinions (BPOs) - How To Get A Good Short Sale Value Oh, the games people play, especially in the real estate business.  This is especially true in the  short sale...
2. Short Sales May Get A Bit Tough In Florida Some interesting news that has come out today about short sales and in particular, the ability to get title...
3. Fannie Mae Actually Helping With Short Sales? You are kidding me right? A quasi-government institution actually doing something that makes sense and helping homeowners. Realcomp II...
4. Understanding The 3 Stages Of Foreclosure If you are like many people, you recognize that there is tremendous opportunity available in this real estate market. ...
5. The Risks and Rewards of Investing in Foreclosures There are many different things to invest in these days. One investment route which individuals take is with regard...

Related posts brought to you by Yet Another Related Posts Plugin.

---

Thank you for visiting www.NoBullRe.com.  As always, your comments are welcomed below:

Comments

• Who Is "REALLY" Making $ In Today's Real Estate Market? Our 29,689 Members Tend To Agree... It's Usually Not The GURUs Have you ever noticed that every "Guru" real estate pitch sounds the same........ They once were poor, but now are rich working only 5 hours per week, and you can be rich too if you just buy their "can't fail system". Or have you noticed that every property promote has a can't miss proposition, if you just buy TONIGHT.  At the NoBullRE club, we are huge believers in real estate investing...... but we also know that every approach has two sides: Nothing is perfect.  If you want unbiased ("No Bull") facts of who is making money, how are they doing it, and where do they get their knowledge, then you don't want to miss joining the NoBullRE Club  IT'S FREE (FOR NOW) Name Email See What Others Are Saying SECURE & CONFIDENTIAL Your info will never be shared CONFIDENTIALITY GUARANTEED

•  

  Get Our Feed

• Categories

  • Distressed Properties
    • Auctions
    • Bank REOs
    • Loan Modifications
    • Preforeclosures
    • Short Sales
  • General Real Estate Investing
  • Investor Alerts
  • Investor Lending
  • Market Updates
    • Fannie Mae & Freddie Mac
    • Mortgage Market
  • Tampa Florida
  • Tampa House Pick Of Week
  • Tax Advantaged Properties
    • Go Zone
  • Uncategorized
  • Upside Down Mortgages

• Recent Comments

  • Antwan Stevens: You guys Rock, thanks for always adding value to...
  • Mary: Of course I agree with all the statistics, (More cash buyers...
  • Art House: As a person affected by the Florida market, I can say...
  • C. Rosenberg: Hey Chris, Respectfully disagree. Just like the stock...
  • bryan brey: bryan- in general good projections, yet I have two...
  • Bill: I have been leasing a home for nearly one year now and signed...
  • AgentsOnline: I think we have hit bottom on the plunge and home...
  • John: I’m an appraiser, and I know that a properly performed...
  • Bob Maves: On the Short Story: When were lenders able to influence...

• Tag Cloud

  Add new tag appraisal auction bank reo bonus depreciation Buy Cash flow discount Existing Home Sales Fannie Mae fixing title Florida foreclosure foreclosures Freddie Mac Good deals Go Zone Home Valuation Code Of Conduct housing investing investor Investor Lending investor loan IRS lender Loan loan modification making money market Mississippi Mortgage no bull real estate Properties property quit claim deed real estate real estate investing real estate sentiment REO Short Sales tampa Tampa Florida tax title what's hot