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RealtyTrac Evolves into ATTOM Data Solutions
In this episode Daren Blomquist gives the inside scoop on why RealtyTrac has rebranded itself, and the latest data being added under the ATTOM Data Solutions umbrella.
As you may already know, Daren Blomquist is the primary media spokesperson for RealtyTrac. He is a go to expert for real estate investment and foreclosure trend data, and regularly appears in publications like the Wall Street Journal, New York Times, and USA Today.
ATTOM has been dramatically expanding its data collection and feeds. This includes becoming one of only three companies in the U.S. to license this type of data with the FTC, and also have access to deed, tax, and mortgage data for virtually every property in the country.
That means around 150 million property records, including all types of transactions and mortgage activity.
Foreclosure Trends: Duel of the Data
Comparing current mortgages, foreclosure data, and historical trends reveals some stark contrasts with dueling statistics.
Blomquist, who’s data may be used for due diligence in note buying, finding distressed property and motivated sellers—reports nationwide foreclosures down 41%. At a current rate of about 30k to 40k foreclosures per month, Daren describes this activity as the market having “a low grade fever.”
However, even though national foreclosures may be back to 2005 levels, some markets have been seeing an increase in activity (especially REOs) in 2016. This is most notable in the Northeast states of MA, DE, NJ, NY, and MD.
DistressedPro’s data shows non-performing notes and mortgages in default at a little under 6% of the volume out there. So there are definitely NPNs to be had. Perhaps around double that which was experienced before the crisis.
So what’s the deal?
How many billions of dollars in non-performing loans have Fannie and Freddie sold this year?
What do these foreclosure trends tell us about the note buying business?
Listen in to the podcast to find out what lenders are doing with these notes
What Zillow Won’t Tell You
Being an impartial data provider, ATTOM Data Solutions offers a more robust collection of data, including some factors that real estate listings sites probably don’t want to make a lot of noise about.
- Environmental and disaster risks
- Whether homes are vacant or not
- Open loans on a property
Check out the audio and find out:
- What year 55% of current foreclosures were originated in
- How many billions of NPNs Fannie and Freddie sold in 2016
- The percentage of properties banks are really taking back at auction
- How to get the award winning Housing News Report for 12 months, for FREE
- How to get $400 off of RealtyTrac Premium Access