Distressed Homes Discount Averages 37 Percent in September

[facebook][retweet] Distressed residential properties had a median sales price of 37 percent below the median sales price of non-distressed properties nationwide in September, according to Realty Trac’s Q3 2014 Residential and Foreclosure Sales Report released Tuesday. The median price of distressed residential homes, which are those in foreclosure or owned by banks when sold, was…

Underwater Rate Dips; Borrower Equity Jumps by $1 Trillion

[facebook] [retweet] The nation’s negative equity rate dipped closer to single digits in the year’s second quarter, though nearly one in five borrowers remain poorly positioned, according to new data released Thursday. Property information firm CoreLogic reported that nearly 946,000 homes returned to positive equity in the second quarter, meaning the mortgage holders owe less…