Posts in category "Foreclosures/ Short Sales"

RealtyTrac Market Report: Chicago Foreclosure Activity Comes Back To Earth

RealtyTrac Market Report: Chicago Foreclosure Activity Comes Back To Earth
There’s lots of good information in this morning’s release of RealtyTrac’s April Foreclosure Market Report and the associated Chicago foreclosure activity data. Most significantly the huge spike in activity that we saw in March was probably an anomaly, most likely the clearing of a huge backlog, because April was more in line with recent activity. ... Read more »

RealtyTrac Market Report: Did Chicago Foreclosure Activity Really Just Spike Up?

RealtyTrac Market Report: Did Chicago Foreclosure Activity Really Just Spike Up?
I did a double take yesterday when RealtyTrac released their March Foreclosure Market Report, including data for Chicago. Since peaking again in August 2012 Chicago foreclosure activity has generally been on a downward trend and actually hit a new low in February. Then the March data comes along and it’s roughly triple what it was... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Must Be Bottoming Out

RealtyTrac Market Report: Chicago Foreclosure Activity Must Be Bottoming Out
RealtyTrac was much later this month in releasing their Foreclosure Market Report for February – it didn’t come out until Friday. While Chicago’s foreclosure activity hit a new low since I’ve been tracking the data it certainly seems like it’s bottoming out. Just take a look at the graph below. The real long term decline... Read more »
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RealtyTrac Market Report: Higher Chicago Foreclosure Activity Reducing Shadow Inventory

RealtyTrac Market Report: Higher Chicago Foreclosure Activity Reducing Shadow Inventory
RealtyTrac released their January Foreclosure Market Report this morning and the Chicago foreclosure activity data remains at a level higher than most recent months. However, this seems to be mostly good news as we made considerable progress in working through our shadow inventory. The graph below shows the long term trend in Chicago foreclosure activity... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Spiked At Year End

RealtyTrac Market Report: Chicago Foreclosure Activity Spiked At Year End
After hitting at least a 5 year low in November, Chicago foreclosure activity spiked at the end of the year according to data that was part of RealtyTrac’s 2014 Year End Foreclosure Market Report released yesterday. The data in the graph below goes back to early 2009 and you can see that the spike in... Read more »

Short Sale Tax Relief For 2014 Just In The Nick Of Time

Short Sale Tax Relief For 2014 Just In The Nick Of Time
As I pointed out in November, the income tax laws essentially dictate that short sellers pay income tax on phantom income when they sell their home: 4 Really Crazy Homeowner Tax Laws. As you might imagine paying a short sale tax would be devastating for someone who just lost their home along with their down... Read more »
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RealtyTrac Market Report: Chicago Foreclosure Activity Hits 5 Year Low (At Least)

RealtyTrac Market Report: Chicago Foreclosure Activity Hits 5 Year Low (At Least)
RealtyTrac just released their November Foreclosure Market Report and the data shows a record low in Chicago foreclosure activity – well, at least it’s a record during the time I’ve been monitoring the data, which is 5 1/2 years. But since I started monitoring the data in 2009 and we know the problem was pretty... Read more »

Realty Trac Market Report: Slight Uptick In Chicago Foreclosures

Realty Trac Market Report: Slight Uptick In Chicago Foreclosures
The RealtyTrac foreclosure market report for October, which was released yesterday, shows a slight increase in Chicago foreclosures and foreclosures at the national level from the previous month. However, the increase is in line with the normal variability in these numbers so it really doesn’t tell us anything. The more telling trend is seen by... Read more »

Realty Trac Market Report: Chicago Foreclosures Remain Flat

Realty Trac Market Report: Chicago Foreclosures Remain Flat
RealtyTrac released their September Foreclosure Market Report this morning and it shows continued flattening of foreclosure activity for both the nation and the Chicago area. In the graph below Chicago foreclosure activity has not changed much in the last 3 months. In fact, as I noted last month, overall volatility of these numbers is way... Read more »
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Realty Trac Market Report: Chicago Foreclosures Hit New Low

Realty Trac Market Report: Chicago Foreclosures Hit New Low
Late last week RealtyTrac released their August Foreclosure Market Report and, while activity picked up for the nation as a whole, Chicago foreclosure activity actually declined yet again. This after I stated last month that it appeared that we had really bottomed out and there wasn’t much more room for improvement. Now I’m not sure... Read more »