Insight
Notices of Sale surged 27.93% year over year, signaling that a large wave of properties is now entering the auction phase of the foreclosure pipeline.
Foreclosure Notice of Sales Jump 27.9% Year Over Year: What the Notice of Sale Surge Means For Real Estate Investors
Summary
Foreclosure Notices of Sale (NOS) are up significantly YoY in several key markets, signaling potential opportunities for real estate investors. Hosts can anticipate increased REO inventory in 60-120 days. Use NOS data to research markets, prepare for future REOs, and possibly take advantage of favorable non-recourse loan terms within self-directed retirement accounts.
Key takeaway