HUD, The Department of Housing and Urban Development has recently released a new interactive map. This map identifies mortgages that had been under written by Fannie Mae, Freddie Mac and FHA, that have since been through foreclosure.
These are properties that will eventually come back on the market, but may not yet be.
So what good is this map? You can't zero in on specific properties (or I haven't been able to). What I do find informative is looking at a slightly broader look. For instance, in looking at Multnomah County, in Oregon, I immediately notice the swathe of foreclosures in the southeastern part of the metro area. Where as the close-in portions of North, Northeast and Southeast Portland are almost devoid of such foreclosures. And wow, look at all those clustered up in Vancouver.
Keep in mind, this map just shows forclosures of houses that had these particular loans. Different loan products, home values and buyer profiles sought out different loan products that may not be reflected in this map.
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