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I am a independent contractor for Titanium Solutions that contracts with mortgage companies to work with borrowers that are delinquent to help them. The banks are interested in working out programs to assist people staying in their homes.
When the Obama stimulous program started in March the assignments shut down. I may of recieved 5 assignments in 6 months. This week I recieve 20+ assignments in 2 days. The assignments are from Freddie Mac and Bank of America. This is significant and it either means that there is a push to get workouts approved with the borrowers or the foreclosures will be increasing soon!
Keith Manson
First Weber Group
Certified Distressed Property Expert
Greenfield, Wisconsin
www.milwaukeebailout.com
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There were 62 sales in August with an average sales price of $220,895 with 118 days on the market an average list to sales ratio of 96.86%. The list to sales price from the original list price was 94.40%.
August 2009 results were consistent with the activity in August 2008. There were 61 sales in 2009 and 62 sales in 2008. However, the new listings added in August 2009 declined 17.6% or 18 properties less than in 2008 added.
The current inventory is 335 properties with an average list price of $228,440 with an average time on the market of 179 days.
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There were 48 sales in July 2009 with an average sales price of $208,950 with an average list to sales ratio of 96.84% and a average time of the market of 93 days.
There is currently 354 active listings on the market with and average list price of $232,217 and the properties have been on the market an average of 174 days.
July 2009 sales were down compared to july 2008, with 17 fewer sales. However, there was also 33 fewer new listings in July 2009 than in July 2008.
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There were 64 sales in June 2009 with an average sales price of $208,427 and a 96.82% list to sell ratio. In addition there were 23 accepted offers with future closing dates.
In June 2009 there were 5 less sales when compared to June 2008 or a reduction of 7.2%. There was also a reduction in the number of new listings in june 2009 compared to june 2008. In 2009 there were 12 less new listings compared to 2008 results.
There are currently 348 listed properties with an average list price of $239,517 and have been on the market an average of 107 days.
The most sale were in the $170,000- $180,000 during June 2009.
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