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RealtyTrac: 20% of foreclosures remain vacant after owner departs

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Home buyers, get the most for your money. According to separate data from RealtyTrac, an online marketplace of foreclosure properties, the average discount on bank-owned properties was 34% in.

Info: www.realtor.org Foreclosures One-Fifth Of Foreclosures Remain Vacant: Nationwide, 20% of foreclosures remain vacant after an owner relinquishes the property, foreclosure research firm RealtyTrac says. The vacancies represent 167,000 distressed properties.

Foreclosures in 2011 to break last year’s record: RealtyTrac RealtyTrac said the average foreclosure took 352 days last year in California, down from a peak of 363 in 2010. By contrast, the foreclosure timeline was 806 days in Florida and 1,019 days in New York, both of which require extensive court review of foreclosures.

House values remain. RealtyTrac, 193,508 homes were served a foreclosure notice, an increase of 1 percent from July. Perversely, the health of the real estate market may actually be inversely.

How to Invest in Pre-foreclosures Part 1 of 2 Zombie foreclosures taking a bite out of property values – RealtyTrac, a foreclosure. a vacant property. Calling a Realtor to learn which bank owns the property is a first step. Next, an organized phone call, letter-writing and email campaign by neighbors.

Six years into America’s giant wave of foreclosures, desperate homeowners continue to recite. “This made the loan affordable enough for them to stay in their home.” The lesson for homeowners is.