A look at the real estate market sector for distressed properties. Looking for Salem Oregon area foreclosures and short sales? Learn to see if current market conditions support those sales.
I talked before about the MERS issue and MERS rulings causing problems for real estate in Oregon not too long ago. Recently, the appellate court dealt a blow to banks by indicating that the non-judicial foreclosure laws have not been followed for MERS involved properties. This issue will move on to the Supreme court to set the tone…
Useless data. I live for it. What can I say? When running the normal foreclosure numbers for you all, I decided since I have all these numbers just sitting there, I needed to do something with it. So here you go, Melina’s fun facts about foreclosures in Salem Oregon. Okay, I know what you are…
Oregon has long been a state that uses Trust Deeds for real estate transactions. With the ease and low cost of foreclosure for banks, it was the instrument of choice for many years here in Oregon…well as long as you follow the state laws. You’ve heard the terms, judicial foreclosure, non-judicial foreclosure, deficiency state, non-deficiency…
Back in the boom, MERS was a cornerstone of the real estate market offering a way to offload mortgages to investors allowing banks to continue to originate loans and make bundles o’ money. Apparently, my strategy of waiting at the end of the rainbow for my pot of gold wasn’t a good one: should have…
Foreclosures. We have a love hate relationship with them. We generally love the rock bottom prices that they command, but that often comes along with a 15 page bank addendum offering the bank the right to harvest your organs for use by the CEO’s of the banks. You’ve all heard of MERS, the Mortgage Electronic…
Foreclosures going up. Foreclosures going down. What to believe? My advice? Don’t read the national media stuff regarding foreclosures. What matters is what is happening here locally in Salem Oregon. So, what’s happening? Salem Oregon Foreclosures In 2010, the amount of notice of defaults filed with the county clerk’s office dropped by 8.7% over 2009. …
Sometimes I think I should just write “same ol’ same ol’” hit publish and be done with my blog for that day. There’s only so many ways you can say “market is still out of whack and it will be for a while.” I’ve been distracted with other things lately which will make blog fodder,…
Recently the Statesman Journal and Salem-News.com spread the word that foreclosures in Salem Oregon had increased. They used CoreLogic as their source of data and they are reporting an increase for Salem. I disagree with their presentation of the data and here is why… Interpreting the foreclosure data First of all CoreLogic and I look…
Negative numbers often conjure up negative images for me. -40 degrees…means you are freezing your hiney off in some insanely cold part of the country. -$50 means you just bounced a check at the local grocery store. You know sometimes a negative number is a good thing…. -10 pounds…there aren’t too many people in the…
We’ll have to see how the rest of the small towns faire, but Dallas only experienced a 50% jump in foreclosures notices from 2008-2009. It’s pretty sad when a 50% increase is good…Now I think part of that is that some of the builders out there were much smaller builders and went into default in…
