Current Market Trends Find the latest issues of the Marekt Trends e-Newsletter, informing you of the most up-to-date foreclosure trends and properties. Tim SovaRE/MAX Platinum , , “We are available locally to assist you in purchasing a foreclosure property or another property best suited to your needs. Buying or selling, We are here to act as your local real estate specialists.”Phone: 810-844-2316Email: timsova@remax.netLicense #: 299274January 2012 Volume 6, Issue 1Download PDF File6 month Michigan Foreclosure TrendsNODNTSNFSLISREOSearch for Investment Properties>Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 13,777 Michigan properties in November, a 14 percent decrease from October and 10 percent below the level reported for November 2010, according to the latest RealtyTrac® U.S. Foreclosure Market Report. Complete Story By RealtyTrac StaffForeclosure filings were reported on 1,887,777 U.S. properties in 2011, a decrease of 34 percent in total properties from 2010, according to the RealtyTrac Year-End 2011 U.S. Foreclosure Market Report. Foreclosure activity in 2011 was the lowest since 2007. The report also shows that 1.45 percent of U.S. housing units (one in 69) had at least one foreclosure filing during the year, down from 2.23 percent in 2010, 2.21 percent in 2009, and 1.84 percent in 2008. Total U.S. foreclosure activity and the U.S. foreclosure rate in 2011 were both at their lowest annual level since 2007. Complete Story Pre-ForeclosureCanyon Oaks DrBrighton,MI 48114AmountN/ABeds/BathSq. FT3/41,864Property TypeAddressAmountDefaultSq. Ft. Bank-Owned Koneta Dr,Brighton, MI 48116$138,900N/A2,076GET DETAILSAuctionAuction Date: 2/8/12Ore Creek Ln,Brighton, MI 48114$373,857N/A2,343GET DETAILSView more properties in Livingston CountyBy Peter G. MillerThe term “cramdown” used to be a dirty word in real estate, an expression meaning that a court would change loan terms — and not in a way that lenders liked. Complete Story Foreclosure Trends : November, 2011NationalMichiganLivingston CTYNODs37,3975,211102NTSs74,1005,01183NFSs22,44000LISs34,33300REOs56,1243,55571Notice of Default (NOD)A non-judicial document filed by a trustee that starts the foreclosure process. More about NODLis Penden (LIS)Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LISAuction / Notice of Trustee’s Sale (NTS)A filing by notice announcing a public auction. More about NTSNotice (Judgment) of Foreclosure Sale (NFS)An order signed by a judge directing to sell the property at public auction. More about NFSReal Estate Owned (REO)The final step in foreclosure process in which property ownership returns to lender. More about REOs