Archive of REO

Foreclosure, Short Sale and REO – What do these terms really mean?

I think we forget sometimes that not everyone is in the real estate business. We have seen terms pop up over the last couple of years that we think we know, and some we might have never heard of. I thought I would take a second and make sure we are all on the same page regarding the definitions of these terms. Our good friends over at Wikipedia provided the definitions.

FORECLOSURE

Foreclosure is the legal and professional proceeding in which [...]

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Roost.com has data on 97% of all foreclosed properties on the market!

Obviously foreclosures have garnered a lion’s share of the real estate news over the last year. Many websites have popped up almost overnight touting the completeness of their foreclosure data but most sites only show a fraction of the properties available. Just like with our resale data, where we bring the most comprehensive data set because of our access to local MLS information, Roost has aligned itself with First American CoreLogic, a member of The First American Corporation to provide [...]

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