August RealtyTrac Newsletter

Dated: 08/27/2015

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Agent Photo Len Hart ReMax Advantage Realty , ,I am available to assist you in purchasing a foreclosure property or another property best suited to your needs. Buying or selling, I am here to act as your local real estate specialist.
Phone: 410-465-8130 Email: lenhart3963@gmail.com License #: 579895
August 2015 Volume 9, Issue 9
Foreclosure Market Trends Report Download PDF File
6 month Maryland Foreclosure Trends
NOD NTS NFS LIS REO
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Returning Equity Boosts Real Estate Markets

Real estate equity is coming back. If you own a home or invest the odds are that you're very much richer than you were just a few years ago. While we don't have a full recovery yet, there's evidence that the housing market has become more attractive in most metro areas.Complete Story

U.S. Foreclosure Activity Increases 7 Percent in July as Bank Repossessions Reach 30-Month High

By Daren Blomquist

RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its July 2015 U.S. Foreclosure Market Report™, which shows a total of 124,910 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in July, up 7 percent from the previous month and up 14 percent from a year ago. July was the fifth consecutive month with a year-over-year increase in overall foreclosure activity following 53 consecutive months of decreases. Complete Story

Here are some of the most recent Investment opportunities in the area.

Pre-Foreclosure
Norris Ave
Sykesville,
MD 21784
  • Amount

  • $420,820

  • Beds/Bath

  • Sq. FT

  • 0/3

  • 2,211

Property Type Address Amount Default Sq. Ft.  
Pre-Foreclosure Walnut Ave,
Eldersburg, MD 21784
$194,986 N/A 870 GET DETAILS
Auction Auction Date: 8/31/15 Freedom Ave,
Sykesville, MD 21784
N/A N/A 1,716 GET DETAILS
View more properties in Carroll County

Debt Shakes The World Economy -- And Mortgage Rates

By Peter Miller

The world’s financial markets — and thus the world — have watched with some horror as things have recently gone very wrong in Greece, Puerto Rico and China. One very real possibility that could emerge from these events is that U.S. mortgage interest levels might remain pretty much where they are for the remainder of the year, if not longer. The reason? The world economy has piled up $57 trillion in new debt since the end of the financial crisis, in some cases money which will never be repaid. In the usual relationship between lenders and borrowers is a trade: Lenders provide cash and borrowers are expected to pay it back with interest. This formula generally works Complete Story
FORECLOSURE TRENDS : JUNE, 2015
NATIONAL MARYLAND CARROLL CTY
NODs 8,419 0 0
NTSs 22,383 0 0
NFSs 26,442 1,502 42
LISs 23,308 1,699 29
REOs 36,503 1,296 20
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Foreclosure Terms
Notice of Default (NOD)A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
Lis Penden (LIS)Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process.More about LIS
Auction / Notice of Trustee's Sale (NTS)A filing by notice announcing a public auction. More about NTS
Notice (Judgment) of Foreclosure Sale (NFS)An order signed by a judge directing to sell the property at public auction. More about NFS
Real Estate Owned (REO)The final step in foreclosure process in which property ownership returns to lender. More about REOs


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