Just In Time Solutions

Idaho Business Review staff put together some great info using Realty Trac:
Foreclosures still below last year’s levels
Idaho had almost half as many foreclosures in July 2013 compared to July 12, according to data released Aug. 15 by RealtyTrac.

The real estate data company ranked Idaho 27th in foreclosure rate among U.S. states, which is on par with recent months, except for June 2013, when RealtyTrac said Idaho ranked 40th. The latest RealtyTrac report said the number of Idaho homes in foreclosure more than doubled from June, though it says that actual increase may be lower due to improvements in data collection.

Idaho’s 48 percent year-over-year drop outpaces the national average decline of 32 percent. One out of every 1,565 Idaho housing units had foreclosure activity in July, according to RealtyTrac. Idaho’s foreclosure rate was below all of its western and southern neighboring states, but above Montana and Wyoming, which ranked in the bottom 10 nationally.

“U.S. foreclosure activity in July is 64 percent below the peak of more than 367,000 properties with foreclosure filings in March 2010, but is still 54 percent above the historical average of 85,000 properties with foreclosure filings per month before the housing bubble burst in late 2006,” RealtyTrac vice president Daren Blomquist said in a news release.

Idaho had 279 foreclosure starts in July, down 3 percent from July 2012. The state had 101 foreclosure completions, down 34 percent from the same time period a year ago.

Good resource for the timelines the banks and underwriters are using before a buyer will be able to "potentially" qualify for a new loan. The best way to get around this time frame is a Lease Option. Over at Just In Time Real Estate they are extremely well versed in creating Lease Options based on the buyers' time frame and ability to purchase.

Remaking the Dream As they come back to the market, formerly foreclosed buyers will look to you for guidance.

As more states threaten to sue the banks that are not following through with the terms of the settlement we will see a healthier market. The banks will be forced to deal with the properties on their books with either refinancing or foreclosure. Either way the homeowners will be able to plan and take action. Urge your state's Attorney General to take action!

New York to sue BofA, Wells Fargo over mortgage practices By Karen Freifeld NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses. The announcement, which suggests lawsuits could be filed ag...