Western US Markets May See Increased Foreclosure Inventory

Los Angeles foreclosures
Last month, Auction.com, the nation’s largest distressed real estate marketplace announced the results of its first-ever annual Disposition Summit Client Survey, which surveyed more than 60 bank and nonbank servicer clients along with representatives from government agencies involved in servicing and disposition of distressed properties.

The survey was conducted live. Respondents answered in real-time questions regarding their outlook for the distressed market and loss mitigation, along with biggest disposition priorities, challenges, and general default servicing pain points.

“Our clients continue to favor the innovative early disposition alternatives we have pioneered that tackle the property preservation challenge much more effectively than traditional disposition methods — not only by reducing risk for the servicer, but also by increasing positive impact on neighborhoods,” said Jason Allnutt, CEO at Auction.com.

High-level findings from the survey:

You can view the entire report here.

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