Short Sales & Bank Owned :
Olympia, Lacey, Tumwater View Listings
Yelm, Tenino, Rochester View Listings
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January 2009 Vol 3 Issue 3
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FORECLOSURE ACTIVITY INCREASES 81 PERCENT IN 2008 A total of 3,157,806 foreclosure filings" default notices, auction sale notices and bank repossessions" were reported on 2,330,483 U.S. properties during 2008, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007. Foreclosure filings were reported on 303,410 U.S. properties in December, up 17 percent from the previous month and up nearly 41 percent from December 2007. Complete Story |
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New Ultimatum Hits Lenders: Buy Loans or Foreclose By Peter G. Miller It was in early October when Bank of America said it would modify 400,000 mortgages originated during past few years by its newly acquired Countrywide subsidiary. Between interest-rate cuts and principal reductions borrowers would save $8.4 billion. That's just great, says William Frey, but there's one problem: Bank of America wants to change the terms of a lot of loans it doesn't own. To be specific, it wants to change the terms of mortgages owned by Frey. Complete Story |
Here are some of the most recent Investment opportunities in the area.
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Which Remodeling Projects Pay Off? Anyone planning to buy or invest in a foreclosure property should budget for the basic cosmetic repairs" a fresh coat of paint, new carpet and maybe some simple touches like new light fixtures. But many foreclosure buyers and investors need to go far beyond the basic repairs to transform the property into a profitable investment" while spending as little as possible to do so. A new survey from LowesTM home improvement chain shows which remodeling projects cost the least and which add the most value to a home. Complete Story |
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Foreclosure Trends : November, 2008
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Auction Auction Date: 4/17/09
Notice of Default (NOD) A non-judicial document filed by a trustee that starts the foreclosure process. 
