January Distressed Property Report

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  • 8/7/2019 January Distressed Property Report

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    1st NOD to Trustees Deed (to Bank) 231 Days

    154,140$182,874$

    84.20%

    137,361$126,750$

    Avg. Sold PriceAvg. Prior 1st Mtg Amt

    Avg. % Sold Price/Prior 1st Mtg.

    Avg. Sales Price

    Area Activity & Short Sale Report - January 2011

    Marion County

    Median Sales Price

    REO Sales

    REO Sales Average Timeline

    Short Sales

    46.0%

    6.7%

    44.7%

    2.7%Marion County SFR Sales by Type

    SFR Sales

    SFR Short Sales

    SFR REO Sale

    Condo/TwnHm Sale

    rustees ee to a e ays

    1st NOD-REO Sale 407 Days

    46.0%

    6.7%

    44.7%

    2.7%Marion County SFR Sales by Type

    SFR Sales

    SFR Short Sales

    SFR REO Sale

    Condo/TwnHm Sale

    $81.80$72.12 $70.44

    $112.67

    $-

    $20.00

    $40.00

    $60.00

    $80.00

    $100.00

    $120.00

    SFR Median Price Per SqFt SFR Short Sales MedianPrice Per SqFt SFR REO Sale MedianPrice Per SqFt Condo/TwnHm MedianPrice Per SqFt

    Marion County Sold Price Per SqFt

    Price Per SqFt

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    Zipcode

    City

    #NOD

    #NOT

    #REO

    #Auction

    Purchase

    #SFRFullSale

    SFRMedian

    Price

    PerSqFt

    SFRShortSales

    SFRShortSales

    MedianPric

    ePer

    SqFt

    SFRREOS

    ale

    SFRREOS

    ale

    MedianPric

    ePer

    SqFt

    Condo/Twn

    Hm

    FullSale

    Condo/Twn

    Hm

    MedianPric

    ePer

    SqFt

    97002 AURORA 1 3 0 0 1 0.00 0 0.00 0 0.00 0 0.0097020 DONALD 1 1 0 0 0 0.00 0 0.00 1 70.55 0 0.0097026 GERVAIS 1 2 1 0 0 0.00 0 0.00 1 27.80 0 0.0097032 HUBBARD 3 1 2 0 0 0.00 1 76.89 0 0.00 0 0.00

    97071 WOODBURN 15 11 6 1 6 72.33 0 0.00 8 56.60 1 112.6797303 KEIZER 14 13 6 0 13 88.42 3 71.46 10 73.80 0 0.0097301 SALEM 40 16 11 0 9 73.98 1 65.95 6 68.42 3 186.4297302 SALEM 13 13 8 0 11 75.93 3 90.50 8 62.56 0 0.0097305 SALEM 18 4 5 0 2 81.80 2 60.99 12 69.58 0 0.00

    97306 SALEM 13 4 9 0 8 85.93 0 0.00 6 71.50 0 0.0097317 SALEM 11 7 1 0 7 96.30 0 0.00 6 68.34 0 0.00

    97325 AUMSVILLE 4 1 2 0 3 94.57 0 0.00 0 0.00 0 0.00

    Transaction Overview by Type/Location

    . . . .

    97352 JEFFERSON 1 2 0 0 1 97.91 0 0.00 3 73.53 0 0.0097362 ANGEL 0 1 1 0 1 77.78 0 0.00 0 0.00 0 0.00

    97375

    MILLS 1 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00

    97381 SILVERTON 14 3 2 1 1 81.48 0 0.00 2 73.02 0 0.00

    97383 STAYTON 4 4 3 1 5 96.57 0 0.00 2 42.79 0 0.0097384 MEHAMA 0 0 0 0 1 155.75 0 0.00 0 0.00 0 0.0097392 TURNER 5 3 0 0 0 0.00 0 0.00 1 73.01 0 0.00

    TOTALS: 159 89 57 3 69 81.80$ 10 72.12$ 67 70.44$ 4 112.67$

    Zipcode

    City

    NOD

    NOT

    REO

    Auction

    Purchase

    SFRFullSale

    SFRMedian

    PricePerSqFt

    SFRShortSales

    SFRShortSales

    MedianPricePer

    SqFt

    SFRREOSale

    SFRREOSale

    MedianPricePer

    SqFt

    Condo/TwnHm

    FullSale

    Condo/TwnHm

    MedianPricePer

    SqFt

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    Market Summary by ZIP Code- Published monthly by County, the first pages are a summary by ZIP code, by SFR and Condo/Townhomes.

    # NOD- Count of Notices of Default filed in the period

    # NOT- Count of Notices of Trustee Sale filed in the period# REO- Count of Trustee Deeds that failed to sell at Auction and now Bank REO# Auction Purchase- Cash Sales at bank auction typically to investors

    *Information deemed reliable but not guaranteed

    Short Sale Analysis- Demand for this report originated from Real Estate Professionals working Short Sale Transactions. Many found the short sale

    process varied widely from lender to lender. The principle question asked: "which lenders are opting for a short sale instead of foreclosure". Knowingwhich lender(s) are approving Short Sales, real estate professionals now can focus on working opportunities with lenders which are more likely to

    approve a short sale and in a reasonable timeframe.

    REO Sales Analysis- In many markets there are more Bank Owned properties currently not listed for sale, not listed on the MLS or actively marketed.

    While there are several reasons for this, both investors and real estate professionals are seeking to identify which lenders are selling their REO assetswhich represent new sales and investment opportunities.

    Investor Auction Purchases- Our report separates Trustee Deeds conveyed to investors and REO properties going back to the bank. In addition the

    report reveals the ratio between auction sales to investors and the assumption rate for banks taking on REO assets.