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DataQuick Launches New REO-to-Rental Neighborhood Rankings

NationalMortgageProfessional.com
Apr 23, 2013

DataQuick has announced the availability of REO-to-Rental Neighborhood Rankings, which leverages the company’s National Property Database and RiskFinder Distress product to score and rank counties and ZIP codes within counties. Servicers and investors can use the rankings to identify the specific geographies they want to target and then the specific ZIP codes in those geographies that offer potential for the highest return. Scores and ranks are based on property valuation appreciation and depreciation; depth of market supply; depth of market demand; distressed sales; and distressed discount trends. “Identifying the most attractive REO-to-Rental markets and properties is cumbersome for servicers and investors due to the sheer amount of data an accurate analysis requires,” said John Walsh, president of DataQuick. “The REO-to-Rental Neighborhood Rankings provide more than 10 years of monthly metrics for ZIP codes nationwide, ensuring the best REO investment destinations are evaluated and targeted.” REO-to-Rental Neighborhood Rankings are also delivered with extensive data sets that allow for custom analysis. Separate ZIP-level results are provided for single family residences and condominiums that include: ► Property Appreciation/Depreciation Number of Parcels ► Number of Foreclosures Number of Auction Sales, Resales ► Total REO Properties Number of REO Bank-Owned Properties ► Number of Government-Owned Properties Number of REO Resales ► Inferred Short Sales Inferred Short Sales with Default Notice ► Number of Non-Distress Sales REO Inventory ► Median Home Value Various Average Costs
Published
Apr 23, 2013
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