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Brenda J. Andrew RENE, PSA, MRP, SRS, Professional Realtor in N Houston & Corpus Christi (ULTIMA REAL ESTATE)

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Rainmaker
2,223,559
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not really, they have left the market place and I have never been so happy to see them go....

Jan 23, 2016 06:14 AM
Rainmaker
3,986,358
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have seen a few but most have been becausse of the $8000 that was given to buyers who never should have bought a home

Jan 23, 2016 04:08 AM
Rainmaker
2,538,663
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Brenda. I buy houses to flip on a regular basis, more properties available right now, so you are so right.

Jan 23, 2016 06:43 PM
Rainmaker
4,273,307
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Most of our repos have sat empty for years; not rented!

Jan 23, 2016 02:03 PM
Rainmaker
1,519,113
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Haven't seen that happening out here.  Hoping it does though!

Jan 23, 2016 01:16 PM
Ambassador
3,194,794
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

nope, a very slow level in my market

Jan 23, 2016 12:25 PM
Rainmaker
2,401,422
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

some have been sitting empty too or they have been trying to get the previous owners out

Jan 23, 2016 12:24 PM
Ambassador
2,687,955
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     The REOs in Florida are typically in terrible shape (excepting FHLMC, strangely enough).  They appraise them at Market Value, subtract whatever the repairs will cost (per the appraiser), then use that number as a List Price.

    The Banks are still trickling them out... probably so that they don't flood the market, and knock prices down.

Jan 23, 2016 12:05 PM
Rainmaker
3,988,063
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I know they do them in batches and several were released the first of the year. I think the holidays could have had something to do with that. 

Jan 23, 2016 11:35 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

There are a lot of foreclosures here, but they have not come on the market yet.   Still waiting.

Jan 23, 2016 11:11 AM
Rainmaker
2,225,948
Debbie Laity
CinaJones Real Estate - Cedaredge, CO
Your Real Estate Resource for Delta County

No. I'm not seeing this and I keep very close track of this. My BPO volume is also low. I know not all BPOs are distressed properties, but in my area a good percentage of them are. 

Jan 23, 2016 10:51 AM
Rainmaker
2,443,260
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Our foreclosure market is almost non existent now.

Jan 23, 2016 10:04 AM
Rainmaker
5,126,239
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Not seeing any..anyone in our area should be able to get out of their home and realize a profit.

Jan 23, 2016 08:52 AM
Rainer
80,653
Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

We are not seeing an increase of bank owned oroperties on the market.

Jan 23, 2016 08:51 AM
Ambassador
5,104,173
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No not seeing a change here in SoCal. Very few REOs and short sales in general compared to a few years ago, although it does vary by community

Jan 23, 2016 08:04 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Brenda,
I just checked and we only have 51 listings that are in any type of bank owned, HUD, VA foreclosure, etc. That is just 2.3% of our 2,170 active listings.

Jan 23, 2016 07:09 AM
Ambassador
3,375,769
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

They have pretty much dried up in my market.  I do not believe banks were renting ... I do believe they were holding back inventory and trickling them into the market.

Jan 23, 2016 07:05 AM
Rainmaker
1,713,276
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Very few and the ones we see on FHA and again very small numbers. We didn't melt down in 2007-2008 and didn't see price drops except with predatory lending to minorities.

Jan 23, 2016 06:52 AM
Rainmaker
864,708
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Read somewhere that they are making a come back in some parts of CA. However, nothing so far for the Inland Empire.

Jan 23, 2016 06:35 AM
Rainmaker
2,804,599
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I read that 27% of the nation is in a default, foreclosure or delinquency

Jan 23, 2016 05:53 AM
Rainer
223,881
LUXURYSOCALREALTY COMPASS La Jolla
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Not that many here in San Diego

Jan 23, 2016 04:35 AM
Ambassador
6,525,341
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A few out there, but they are rare.

Apr 16, 2019 11:01 PM
Rainmaker
979,796
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Brenda - Not seeing too many foreclosures here in AZ. Prices have really come up over the last few years, and not too many homes are under water anymore.

Jan 25, 2016 02:29 PM
Rainmaker
5,339,184
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

We are seeing a reported slowdown, but not sure about the zoombie count!

Jan 23, 2016 10:24 PM
Rainmaker
5,178,141
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Our foreclosure listings/sales are very low and I've not seen any increase.

Jan 23, 2016 09:04 PM
Rainmaker
1,157,791
FN LN
Toronto, ON

No.

Jan 23, 2016 04:01 PM
Rainmaker
4,250,901
John Pusa
Glendale, CA

Brenda J. Andrew You might be right, we could see more REOs.

Some lenders waited for the home values to move higher.

Jan 23, 2016 01:35 PM
Rainmaker
1,075,909
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Equity sales are in the majority here, even in CRE.

Jan 23, 2016 06:19 AM