Forclosure Freeze

With foreclosures unable to be filed starting in Dec 2011, inventory should continue to decrease in January 2012. The new available listings should be easily absorbed by the market. I expect pending and contingent sales (sales in escrow) to continue to increase in comparison to the available listings on the market. This has been the trend for over 6 months and the forclosure freeze should only help it continue.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 19 2012 - MacDonald Ranch
We think we've answered this question for you!
 
 

Replies (5)

Where, your area or ?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 19 2012
We are a full service real estate brokerage in Las Vegas/Henderson, NV
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 19 2012
Profile picture for the_country_hick
It will not be a complete stop. It will only be a temporary delay that will eventually end.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 20 2012
For your area not for the entire 50 states.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 20 2012
I think you are referencing AB284?  That went into affect October 1, 2011.  That has enormously cut down the number of new Notice of Defaults and subsequently Notice of Trustee Sales.  We will have a temporary increase in values, with another drop bringing us back to where we are once the banks get their systems in place to work around this. 

Also keep in mind that there are tens of thousands of properties looming that received NOD's prior to this bill so there is still plenty of inventory to be foreclosed on.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 20 2012
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
Forclosure Freeze
Profile picture for Matthew Kammeyer
Latest reply by Matthew Kammeyer
January 20 2012 | 5 answers
  • Posted by Robert Adams
  • In Investing
  • January 19 2012
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 1453 Foothills Village Dr, Henderson, NV Home For Sale
    1453 Foothills Village Dr, Henderson, NV 89012

     For Sale: $960,000

    • Beds: 6
    • Sqft: 4273
    • Baths: 5.0
    • Lot: 6969
  2. 2685 Copilico Ter, Henderson, NV Home For Sale
    2685 Copilico Ter, Henderson, NV 89052

     For Sale: $438,000

    • Beds: 4
    • Sqft: 3238
    • Baths: 3.0
    • Lot: 6534
  3. 757 Feather Ridge Dr, Henderson, NV Home For Sale
    757 Feather Ridge Dr, Henderson, NV 89052

     For Sale: $352,900

    • Beds: 4
    • Sqft: 2702
    • Baths: 5.0
    • Lot: 4356