iMaxWebSolutions has introduced 12 new distressed property interactive charts to our industry leading suite of Market Intelligence Reports and Charts.

The new real estate market intelligence charts are:

Active: Foreclosed Units 

Active: Foreclosed Units Ratio 

Active: Short Sale Units

Active: Short Sale Units Ratio

Active: Distressed Units

Active: Distressed Units Ratio

Sold: Foreclosed Units

Sold: Foreclosed Units Ratio

Sold: Short Sale Units

Sold: Short Sale Units Ratio

Sold: Distressed Units

Sold: Distressed Units Ratio
 

Statewide in Massachusetts, petitions to foreclose have risen 64% year to date vs. the equivalent time frame in 2011, according to the Warren Group. This is the highest level of foreclosure petitions in 2 years. Completed foreclosures (aka foreclosure deeds) also rose 19%. The Warren Group believes an increase was to be expected due to low levels of foreclosure activity in 2011. There is still a signficiant backlog of "distressed properties."

Check out the full article:

http://www.dsnews.com/articles/bay-state-foreclosure-levels-dramatically-higher-than-previous-year-2012-05-29

Our email server had been getting older and had been slowing down appreciably. Because of this we have now upgraded our email server to a new server and operating system. 

Some of the benefits are as follows:

1) Email system is running much faster and at a higher overall performance level.

2) Webmail, which was extremely slow on the old system (painfully so), is now running well, functioning as it should be.

3) We are able to run the newer versions of anti-spam software that we use (these versions of the software were not supported on the previous server). These newer versions have some features that we believe will help us to reduce the amount of spam mail customers receive.

Client advisory: iMax is Upgrading its email servers this evening to improve email performance. This could cause some temporary disruption of service this evening. We apologize for this inconvenience.

Starting on June 15th, short sale offers on distressed properties backed by Fannie Mae and Freddie Mac will receive a response within 30-60 days. Lack of a response to short sale offers in a timely manner has long been a frustration for real estate agents and alleviating this complaint is one of the objectives of the new policy.

http://www.dsnews.com/articles/fannie-and-freddie-set-timeline-requirements-for-short-sales-2012-04-17