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Foreclosure auction volume rises 19% after VA moratorium expires

Housing Wire

Department of Veterans Affairs (VA) loans , which jumped 428% from a year ago after a moratorium expired in December 2024. Demand from auction buyers dropped to multiyear lows, signaling a shift in the distressed housing segment that could have implications for the broader real estate market.

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Foreclosure auctions rise in Q1 after VA moratorium expires

Housing Wire

Real estate-owned ( REO ) auction activity, which involves properties that have reverted to lenders, also showed mixed signals. The foreclosure auction sales rate properties sold to third-party buyers began the year strong but fell sharply in February to a 26-month low point before partially rebounding in March.

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Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

REO (Real Estate Owned) is the amount of real estate owned by lenders. The dollar value of 1-4 family residential Real Estate Owned (REOs, foreclosure houses) was increased 6% YOY from $747 million in Q4 2023 to $790 million in Q4 2024. Here is a graph of Fannie Real Estate Owned (REO).

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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Bank-owned properties Bank-owned properties, often called real estate-owned (REO) properties, are owned by the lender.

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What Are The Best Mortgage Options for Self Employed Borrowers?

Rochester Real Estate

Assets to be verified include bank statements, 401k and other retirement accounts, stocks or brokerage account statements, real estate owned and any other significant assets. VA Loan Self-employed veterans or active military should seriously consider this.

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FHFA assisted nearly 44,000 troubled homeowners in Q4 2023

Housing Wire

By comparison, the serious delinquency rate for Federal Housing Administration ( FHA ) loans was 3.42% in Q4 2023. Department of Veterans Affairs ( VA ) loans was 2.01% and the industrywide average for all loans was 1.52%. The rate for U.S.

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FHFA prevention actions surpassed 52K in Q4 2022

Housing Wire

Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4% in Q4, the Department of Veterans Affairs (VA) loans rate was at 2.43%, and at 1.89% for all loans based on the industry average.