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Yeah good question. I've also wondered the same-thing about realtytrac. I feel like foreclosure inventory is for the most part hidden away from general home buyers including brokers and realtors but the foreclosures that they banks do release out which are excellent deals according to the current market value are often snapped up by brokers, well-connected investors and realtors to try to flip and then sell to some sucker.
I feel like the game is rigged when it comes to foreclosures sales.
And by the way - I believe these foreclosure & short sale flippers will go broke. They will not profit.
I would like to integrate and plot some data on foreclosures in my local area.
I'd like to go back 10 years, up to last month.
I'd like to plot #homes more than 30 days delinquent, #homes more than 90 days delinquent, and those going up for auction, by month.
I don't really need the addresses, but a breakout by zip code would be helpful.
Is RealtyTrac my best tool for this task? I hesitate to pay a subscription fee until I see if it meets my needs. Do you know where RealtyTrac is getting their data? The county Recorder's office?
#housing