Here are some national real estate-related stories that came across my desk this week. The story on ‘zombie titles’ was particularly interesting. Would love to hear your comments.
And the Reuters piece on the surge in new housing starts is welcome news.
- from HousingWire: National foreclosure inventory drops: LPS
- from NBCNews.com: ‘Zombie titles’ haunt victims of home foreclosure
- from PRWEB: IRONY: Foreclosure Victims Emerge as the “New Wave” of Home Buyers, Says Banker
- from Reuters: Housing starts climb to highest rate since June 2008
Jay
Zombie Titles was interesting, scary, and sad.
E.Edward
Here’s some that came across my desk.
http://www.marketwatch.com/story/10-states-with-the-most-homes-in-foreclosure-2013-01-18
walt trauth
Thanks Guy, more excellent info. as usual. The “IRONY…” article was of particular interest. If you don’t mind telling me, have you worked with any recent “foreclosees” to help them find a home to purchase? Is the “post-foreclosure” buyer part of a wave of buyers here in Reno?
Your curation consistently provides value. I appreciate it.
Guy Johnson
E.Edward, thank you for the link.
walt trauth, I have not worked with any post-foreclosure buyers yet (at least none of which I am aware). It may be that the wave has not yet hit.
MikeZ
I guess the lesson to take away from the “Zombie titles” article is to stay in the house until the day the Sheriff shows up to take possession of the house for the lender?